Telephone and Data Systems, Inc. (NYSE:TDS) Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd decreased its holdings in shares of Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 47.7% during the third quarter, according to its most recent filing with the SEC. The firm owned 17,817 shares of the Wireless communications provider's stock after selling 16,276 shares during the period. Y Intercept Hong Kong Ltd's holdings in Telephone and Data Systems were worth $414,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in TDS. Dimensional Fund Advisors LP boosted its stake in Telephone and Data Systems by 9.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,018,541 shares of the Wireless communications provider's stock worth $124,761,000 after purchasing an additional 507,512 shares in the last quarter. State Street Corp lifted its stake in Telephone and Data Systems by 1.6% during the 3rd quarter. State Street Corp now owns 4,039,070 shares of the Wireless communications provider's stock valued at $93,908,000 after acquiring an additional 65,432 shares during the period. American Century Companies Inc. lifted its stake in Telephone and Data Systems by 8.4% during the 2nd quarter. American Century Companies Inc. now owns 2,655,980 shares of the Wireless communications provider's stock valued at $55,058,000 after acquiring an additional 206,819 shares during the period. Millennium Management LLC lifted its stake in Telephone and Data Systems by 34.0% during the 2nd quarter. Millennium Management LLC now owns 1,950,298 shares of the Wireless communications provider's stock valued at $40,430,000 after acquiring an additional 495,189 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in Telephone and Data Systems by 7.6% during 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 during the period. Hedge funds and other institutional investors own 80.00% of the company's stock.

Telephone and Data Systems Price Performance

NYSE TDS traded down $0.79 on Tuesday, hitting $33.76. The company had a trading volume of 1,952,014 shares, compared to its average volume of 1,087,332. The company has a market capitalization of $3.81 billion, a PE ratio of -6.25 and a beta of 0.81. The company's fifty day moving average price is $30.71 and its 200-day moving average price is $24.80. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.59 and a quick ratio of 1.44. Telephone and Data Systems, Inc. has a 12-month low of $13.69 and a 12-month high of $35.39.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last issued its quarterly earnings results on Friday, November 1st. The Wireless communications provider reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.18) by $0.19. Telephone and Data Systems had a negative net margin of 10.72% and a positive return on equity of 1.12%. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.24 billion. During the same quarter in the previous year, the firm earned ($0.16) EPS. The firm's revenue was down 4.2% compared to the same quarter last year. As a group, analysts predict that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current year.

Telephone and Data Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date is Monday, December 16th. Telephone and Data Systems's dividend payout ratio is currently -2.96%.

Analyst Ratings Changes

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

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.