WINTON GROUP Ltd Trims Position in Telephone and Data Systems, Inc. (NYSE:TDS)

WINTON GROUP Ltd lessened its position in Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 51.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,315 shares of the Wireless communications provider's stock after selling 10,831 shares during the period. WINTON GROUP Ltd's holdings in Telephone and Data Systems were worth $352,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its position in Telephone and Data Systems by 7.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,463,863 shares of the Wireless communications provider's stock valued at $34,035,000 after acquiring an additional 103,114 shares in the last quarter. Cerity Partners LLC raised its stake in shares of Telephone and Data Systems by 19.3% in the third quarter. Cerity Partners LLC now owns 20,078 shares of the Wireless communications provider's stock worth $467,000 after purchasing an additional 3,255 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Telephone and Data Systems by 7.5% during the third quarter. The Manufacturers Life Insurance Company now owns 54,845 shares of the Wireless communications provider's stock valued at $1,275,000 after purchasing an additional 3,824 shares in the last quarter. FMR LLC boosted its position in shares of Telephone and Data Systems by 0.3% during the third quarter. FMR LLC now owns 1,152,579 shares of the Wireless communications provider's stock valued at $26,797,000 after buying an additional 3,002 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Telephone and Data Systems in the 3rd quarter worth about $1,574,000. Hedge funds and other institutional investors own 80.00% of the company's stock.

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Telephone and Data Systems Stock Performance

Shares of TDS stock traded down $1.46 on Thursday, reaching $38.06. The stock had a trading volume of 512,384 shares, compared to its average volume of 1,070,618. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.44 and a current ratio of 1.59. Telephone and Data Systems, Inc. has a 1 year low of $14.04 and a 1 year high of $41.21. The stock has a market cap of $4.34 billion, a P/E ratio of -7.05 and a beta of 0.75. The company has a 50 day simple moving average of $36.66 and a 200 day simple moving average of $32.57.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last announced its earnings results on Friday, February 21st. The Wireless communications provider reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.32) by $0.23. Telephone and Data Systems had a positive return on equity of 1.12% and a negative net margin of 10.72%. The business had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.23 billion. Equities research analysts expect that Telephone and Data Systems, Inc. will post -0.31 EPS for the current 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 was Monday, March 17th. This represents a $0.16 annualized dividend and a yield of 0.42%. Telephone and Data Systems's payout ratio is presently -18.60%.

Analyst Upgrades and Downgrades

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

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.