Telephone and Data Systems, Inc. (NYSE:TDS) Stock Position Trimmed by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co decreased its position in Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 21.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 98,489 shares of the Wireless communications provider's stock after selling 26,825 shares during the period. CANADA LIFE ASSURANCE Co owned approximately 0.09% of Telephone and Data Systems worth $3,360,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Versant Capital Management Inc grew its holdings in Telephone and Data Systems by 14.5% in the 4th quarter. Versant Capital Management Inc now owns 2,395 shares of the Wireless communications provider's stock worth $82,000 after buying an additional 303 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Telephone and Data Systems by 8.3% in the fourth quarter. GAMMA Investing LLC now owns 5,742 shares of the Wireless communications provider's stock worth $196,000 after purchasing an additional 440 shares in the last quarter. Summit Investment Advisors Inc. increased its holdings in shares of Telephone and Data Systems by 4.9% during the fourth quarter. Summit Investment Advisors Inc. now owns 10,319 shares of the Wireless communications provider's stock valued at $352,000 after purchasing an additional 482 shares during the period. Farther Finance Advisors LLC lifted its holdings in Telephone and Data Systems by 74.5% in the fourth quarter. Farther Finance Advisors LLC now owns 2,707 shares of the Wireless communications provider's stock worth $92,000 after purchasing an additional 1,156 shares during the period. Finally, Independence Bank of Kentucky acquired a new stake in Telephone and Data Systems in the fourth quarter worth about $41,000. Institutional investors and hedge funds own 80.00% of the company's stock.

Analysts Set New Price Targets

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

Telephone and Data Systems Stock Up 0.3 %

Shares of TDS stock opened at $36.62 on Friday. Telephone and Data Systems, Inc. has a 1 year low of $14.04 and a 1 year high of $41.21. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.44 and a current ratio of 1.59. The business's fifty day moving average is $36.28 and its 200-day moving average is $34.09. The stock has a market cap of $4.17 billion, a PE ratio of -6.78 and a beta of 0.62.

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

Telephone and Data Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders 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 annualized dividend and a yield of 0.44%. Telephone and Data Systems's dividend payout ratio (DPR) is -18.60%.

About Telephone and Data Systems

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.

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