TCW Group Inc. Buys 17,400 Shares of Telephone and Data Systems, Inc. (NYSE:TDS)

TCW Group Inc. raised its position in shares of Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 3.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 566,832 shares of the Wireless communications provider's stock after purchasing an additional 17,400 shares during the quarter. TCW Group Inc. owned about 0.50% of Telephone and Data Systems worth $13,179,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Blue Trust Inc. lifted its position in shares of Telephone and Data Systems by 4,082.9% during the 2nd quarter. Blue Trust Inc. now owns 1,715 shares of the Wireless communications provider's stock valued at $36,000 after acquiring an additional 1,674 shares during the last quarter. Quarry LP purchased a new stake in shares of Telephone and Data Systems during the second quarter valued at $40,000. CWM LLC boosted its position in shares of Telephone and Data Systems by 57.0% in the 2nd quarter. CWM LLC now owns 3,939 shares of the Wireless communications provider's stock valued at $82,000 after purchasing an additional 1,430 shares during the period. Neo Ivy Capital Management acquired a new stake in Telephone and Data Systems during the 2nd quarter worth about $88,000. Finally, Nisa Investment Advisors LLC lifted its stake in Telephone and Data Systems by 14.0% during the second quarter. Nisa Investment Advisors LLC now owns 5,146 shares of the Wireless communications provider's stock valued at $107,000 after buying an additional 630 shares in the last quarter. Institutional investors own 80.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on TDS shares. JPMorgan Chase & Co. boosted their price target on shares of Telephone and Data Systems from $39.00 to $40.00 and gave the company an "overweight" rating in a report on Monday, November 4th. Raymond James raised Telephone and Data Systems from a "market perform" rating to an "outperform" rating and set a $51.00 price target on the stock in a research report on Thursday, November 7th.

Telephone and Data Systems Stock Up 2.6 %

TDS traded up $0.88 on Thursday, reaching $34.97. 1,139,586 shares of the company traded hands, compared to its average volume of 1,087,330. Telephone and Data Systems, Inc. has a 52-week low of $13.69 and a 52-week high of $35.22. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.59 and a quick ratio of 1.44. The company has a market cap of $3.95 billion, a price-to-earnings ratio of -6.48 and a beta of 0.81. The stock's 50 day moving average price is $30.02 and its 200-day moving average price is $24.38.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last posted its quarterly earnings results on Friday, November 1st. The Wireless communications provider reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.18) by $0.19. The business had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1.24 billion. Telephone and Data Systems had a negative net margin of 10.72% and a positive return on equity of 1.12%. Telephone and Data Systems's revenue was down 4.2% on a year-over-year basis. During the same period in the previous year, the company posted ($0.16) EPS. On average, sell-side analysts expect that Telephone and Data Systems, Inc. will post -0.31 EPS for the current fiscal year.

Telephone and Data Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a dividend of $0.04 per share. The ex-dividend date is Monday, December 16th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.46%. Telephone and Data Systems's dividend payout ratio is currently -2.96%.

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.