Cwm LLC Purchases 1,056 Shares of Telephone and Data Systems, Inc. (NYSE:TDS)

Cwm LLC raised its position in Telephone and Data Systems, Inc. (NYSE:TDS) by 26.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,995 shares of the Wireless communications provider’s stock after purchasing an additional 1,056 shares during the period. Cwm LLC’s holdings in Telephone and Data Systems were worth $116,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Telephone and Data Systems by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 12,569,591 shares of the Wireless communications provider’s stock valued at $201,365,000 after purchasing an additional 320,976 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Telephone and Data Systems by 9.2% in the second quarter. Dimensional Fund Advisors LP now owns 6,018,541 shares of the Wireless communications provider’s stock valued at $124,761,000 after buying an additional 507,512 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Telephone and Data Systems by 8.4% in the second quarter. American Century Companies Inc. now owns 2,655,980 shares of the Wireless communications provider’s stock valued at $55,058,000 after buying an additional 206,819 shares during the period. Gamco Investors INC. ET AL increased its position in shares of Telephone and Data Systems by 4.4% during the first quarter. Gamco Investors INC. ET AL now owns 2,092,042 shares of the Wireless communications provider’s stock worth $33,515,000 after acquiring an additional 88,994 shares in the last quarter. Finally, Millennium Management LLC increased its position in shares of Telephone and Data Systems by 34.0% during the second quarter. Millennium Management LLC now owns 1,950,298 shares of the Wireless communications provider’s stock worth $40,430,000 after acquiring an additional 495,189 shares in the last quarter. 80.00% of the stock is currently owned by institutional investors and hedge funds.

Telephone and Data Systems Trading Up 2.8 %

TDS opened at $28.99 on Friday. The firm’s fifty day simple moving average is $23.80 and its 200 day simple moving average is $20.82. The stock has a market capitalization of $3.28 billion, a P/E ratio of -6.00 and a beta of 0.81. The company has a current ratio of 1.51, a quick ratio of 1.37 and a debt-to-equity ratio of 0.84. Telephone and Data Systems, Inc. has a 12 month low of $13.69 and a 12 month high of $30.44.

Telephone and Data Systems (NYSE:TDS) last posted its quarterly earnings data on Friday, August 2nd. The Wireless communications provider reported ($0.13) earnings per share for the quarter, hitting the consensus estimate of ($0.13). The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Telephone and Data Systems had a positive return on equity of 0.73% and a negative net margin of 9.31%. Telephone and Data Systems’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.17) earnings per share. As a group, research analysts anticipate that Telephone and Data Systems, Inc. will post -0.44 EPS for the current fiscal year.

Telephone and Data Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.16 annualized dividend and a dividend yield of 0.55%. Telephone and Data Systems’s dividend payout ratio is currently -3.31%.

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.