XTX Topco Ltd Purchases New Position in Telephone and Data Systems, Inc. (NYSE:TDS)

XTX Topco Ltd bought a new stake in Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 15,603 shares of the Wireless communications provider's stock, valued at approximately $363,000.

Several other institutional investors also recently modified their holdings of TDS. Blue Trust Inc. grew its holdings in Telephone and Data Systems by 4,082.9% during the second quarter. Blue Trust Inc. now owns 1,715 shares of the Wireless communications provider's stock valued at $36,000 after purchasing an additional 1,674 shares during the period. Quarry LP bought a new position in shares of Telephone and Data Systems in the second quarter worth $40,000. CWM LLC boosted its holdings in shares of Telephone and Data Systems by 57.0% in the second quarter. CWM LLC now owns 3,939 shares of the Wireless communications provider's stock worth $82,000 after acquiring an additional 1,430 shares during the period. Neo Ivy Capital Management bought a new position in shares of Telephone and Data Systems in the second quarter worth $88,000. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of Telephone and Data Systems by 14.0% in the second quarter. Nisa Investment Advisors LLC now owns 5,146 shares of the Wireless communications provider's stock worth $107,000 after acquiring an additional 630 shares during the period. 80.00% of the stock is owned by institutional investors.

Telephone and Data Systems Price Performance

Shares of TDS stock traded down $0.79 on Tuesday, reaching $33.76. The company's stock had a trading volume of 1,952,014 shares, compared to its average volume of 1,087,332. 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 $13.69 and a 12-month high of $35.39. The company has a market capitalization of $3.81 billion, a P/E ratio of -6.40 and a beta of 0.81. The stock's 50 day simple moving average is $30.49 and its 200-day simple moving average is $24.70.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last issued its quarterly earnings data on Friday, November 1st. The Wireless communications provider reported $0.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.18) by $0.19. 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 $1.22 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter last year, the business posted ($0.16) earnings per share. The firm's revenue was down 4.2% compared to the same quarter last year. As a group, equities analysts predict 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 company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.47%. The ex-dividend date is Monday, December 16th. Telephone and Data Systems's dividend payout ratio (DPR) is currently -2.96%.

Analyst Upgrades and Downgrades

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

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.