BNP Paribas Financial Markets Sells 1,535 Shares of Telephone and Data Systems, Inc. (NYSE:TDS)

BNP Paribas Financial Markets lowered its stake in Telephone and Data Systems, Inc. (NYSE:TDS) by 5.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,973 shares of the Wireless communications provider’s stock after selling 1,535 shares during the quarter. BNP Paribas Financial Markets’ holdings in Telephone and Data Systems were worth $627,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of TDS. TCW Group Inc. raised its holdings in shares of Telephone and Data Systems by 15.8% in the 2nd quarter. TCW Group Inc. now owns 549,432 shares of the Wireless communications provider’s stock worth $11,390,000 after acquiring an additional 74,913 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Telephone and Data Systems in the second quarter worth approximately $2,369,000. Algert Global LLC raised its stake in shares of Telephone and Data Systems by 35.8% in the second quarter. Algert Global LLC now owns 220,145 shares of the Wireless communications provider’s stock worth $4,564,000 after purchasing an additional 57,981 shares during the last quarter. 272 Capital LP lifted its holdings in shares of Telephone and Data Systems by 51.8% in the second quarter. 272 Capital LP now owns 117,136 shares of the Wireless communications provider’s stock valued at $2,428,000 after purchasing an additional 39,976 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new position in shares of Telephone and Data Systems during the third quarter valued at approximately $1,308,000. Institutional investors and hedge funds own 80.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of 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. Raymond James upgraded Telephone and Data Systems from a “market perform” rating to an “outperform” rating and set a $51.00 target price on the stock in a research note on Thursday, November 7th.

Telephone and Data Systems Trading Up 2.6 %

Shares of TDS stock opened at $34.97 on Friday. The company has a quick ratio of 1.44, a current ratio of 1.59 and a debt-to-equity ratio of 0.85. The firm has a market cap of $3.95 billion, a P/E ratio of -6.48 and a beta of 0.81. The business has a 50-day moving average price of $30.02 and a two-hundred day moving average price of $24.38. Telephone and Data Systems, Inc. has a 12-month low of $13.69 and a 12-month high of $35.22.

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

Telephone and Data Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date is Monday, December 16th. Telephone and Data Systems’s payout ratio is presently -2.96%.

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.