Xponance Inc. Makes New Investment in Telephone and Data Systems, Inc. (NYSE:TDS)

Xponance Inc. bought a new stake in shares of Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,161 shares of the Wireless communications provider's stock, valued at approximately $244,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Independence Bank of Kentucky purchased a new stake in Telephone and Data Systems during the 4th quarter valued at about $41,000. Quarry LP grew its position in shares of Telephone and Data Systems by 35.5% in the third quarter. Quarry LP now owns 2,643 shares of the Wireless communications provider's stock valued at $61,000 after purchasing an additional 692 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Telephone and Data Systems in the fourth quarter valued at approximately $74,000. Versant Capital Management Inc increased its holdings in shares of 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 valued at $82,000 after purchasing an additional 303 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its position in 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 worth $92,000 after buying an additional 1,156 shares in the last quarter. Hedge funds and other institutional investors own 80.00% of the company's stock.

Analyst Ratings Changes

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

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Telephone and Data Systems Trading Up 0.8 %

Shares of Telephone and Data Systems stock traded up $0.31 during mid-day trading on Tuesday, hitting $39.05. The stock had a trading volume of 289,368 shares, compared to its average volume of 1,068,908. The firm has a 50-day moving average of $36.54 and a two-hundred day moving average of $32.41. The firm has a market cap of $4.45 billion, a P/E ratio of -7.23 and a beta of 0.75. The company has a quick ratio of 1.44, a current ratio of 1.59 and a debt-to-equity ratio of 0.85. Telephone and Data Systems, Inc. has a 12-month low of $14.04 and a 12-month high of $41.21.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last posted 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 company had revenue of $1.24 billion during the quarter, compared to analysts' expectations of $1.23 billion. Sell-side analysts forecast that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current year.

Telephone and Data Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.41%. The ex-dividend date was Monday, March 17th. Telephone and Data Systems's dividend payout ratio (DPR) is presently -18.60%.

Telephone and Data Systems Company 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.