Telephone and Data Systems, Inc. (NYSE:TDS) Shares Bought by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P raised its position in shares of Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 6.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 558,653 shares of the Wireless communications provider's stock after purchasing an additional 35,503 shares during the period. Loomis Sayles & Co. L P owned about 0.49% of Telephone and Data Systems worth $19,055,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Versant Capital Management Inc lifted its stake in Telephone and Data Systems by 14.5% in the fourth quarter. Versant Capital Management Inc now owns 2,395 shares of the Wireless communications provider's stock worth $82,000 after acquiring an additional 303 shares during the period. GAMMA Investing LLC raised its holdings in shares of Telephone and Data Systems by 8.3% in the 4th quarter. GAMMA Investing LLC now owns 5,742 shares of the Wireless communications provider's stock valued at $196,000 after purchasing an additional 440 shares in the last quarter. Quarry LP lifted its position in shares of Telephone and Data Systems by 35.5% in the 3rd quarter. Quarry LP now owns 2,643 shares of the Wireless communications provider's stock worth $61,000 after purchasing an additional 692 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of Telephone and Data Systems by 74.5% during the fourth quarter. Farther Finance Advisors LLC now owns 2,707 shares of the Wireless communications provider's stock valued at $92,000 after purchasing an additional 1,156 shares in the last quarter. Finally, Independence Bank of Kentucky purchased a new position in Telephone and Data Systems during the fourth quarter valued at approximately $41,000. Institutional investors own 80.00% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. upped their target price on Telephone and Data Systems from $53.00 to $56.00 and gave the stock an "overweight" rating in a report on Monday, February 24th.

Telephone and Data Systems Stock Up 1.1 %

Telephone and Data Systems stock traded up $0.45 during trading hours on Tuesday, reaching $39.19. The stock had a trading volume of 504,279 shares, compared to its average volume of 1,069,997. The company has a market cap of $4.47 billion, a price-to-earnings ratio of -7.22 and a beta of 0.75. The business's 50 day moving average price is $36.54 and its 200-day moving average price is $32.41. Telephone and Data Systems, Inc. has a 52 week low of $14.04 and a 52 week high of $41.21. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.59 and a quick ratio of 1.44.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last issued its quarterly earnings data on Friday, February 21st. The Wireless communications provider reported ($0.09) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.32) by $0.23. The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.23 billion. Telephone and Data Systems had a negative net margin of 10.72% and a positive return on equity of 1.12%. Sell-side analysts anticipate that Telephone and Data Systems, Inc. will post -0.31 EPS for the current year.

Telephone and Data Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a $0.04 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.41%. Telephone and Data Systems's payout ratio is -18.60%.

Telephone and Data Systems Profile

Telephone and Data Systems, Inc, a telecommunications company, provides communications services in the United States. It operates through two segments: UScellular and TDS Telecom. The company offers wireless solutions to consumers, and business and government customers, including a suite of connected Internet of things (IoT) solutions, and software applications for monitor and control, business automation/operations, communication, fleet and asset management, smart water solutions, private cellular networks and custom, and end-to-end IoT solutions; wireless priority services and quality priority and preemption options; smartphones and other handsets, tablets, wearables, mobile hotspots, fixed wireless home internet, and IoT devices; and accessories, such as cases, screen protectors, chargers, and memory cards, as well as consumer electronics, including audio, home automation and networking products.