Stifel Financial Corp Decreases Position in Telephone and Data Systems, Inc. (NYSE:TDS)

Stifel Financial Corp reduced its stake in Telephone and Data Systems, Inc. (NYSE:TDS) by 12.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 9,487 shares of the Wireless communications provider’s stock after selling 1,323 shares during the period. Stifel Financial Corp’s holdings in Telephone and Data Systems were worth $221,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in TDS. Quarry LP acquired a new stake in shares of Telephone and Data Systems during the second quarter worth about $40,000. CWM LLC increased its position in Telephone and Data Systems by 26.8% during the third quarter. CWM LLC now owns 4,995 shares of the Wireless communications provider’s stock worth $116,000 after buying an additional 1,056 shares during the period. GAMMA Investing LLC lifted its stake in Telephone and Data Systems by 10.2% in the third quarter. GAMMA Investing LLC now owns 5,302 shares of the Wireless communications provider’s stock valued at $123,000 after buying an additional 490 shares during the last quarter. Headlands Technologies LLC boosted its holdings in shares of Telephone and Data Systems by 328.9% in the second quarter. Headlands Technologies LLC now owns 5,974 shares of the Wireless communications provider’s stock valued at $124,000 after acquiring an additional 4,581 shares during the period. Finally, Quadrature Capital Ltd purchased a new position in shares of Telephone and Data Systems during the third quarter worth approximately $210,000. 80.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on TDS. JPMorgan Chase & Co. upped their price target on shares of Telephone and Data Systems from $39.00 to $40.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. 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 on the stock in a research note on Thursday, November 7th.

Telephone and Data Systems Stock Up 0.2 %

Telephone and Data Systems stock opened at $34.84 on Monday. The stock has a 50 day moving average of $32.22 and a two-hundred day moving average of $25.49. Telephone and Data Systems, Inc. has a twelve month low of $13.69 and a twelve month high of $35.39. The stock has a market capitalization of $3.94 billion, a price-to-earnings ratio of -6.45 and a beta of 0.81. The company has a current ratio of 1.59, a quick ratio of 1.44 and a debt-to-equity ratio of 0.85.

Telephone and Data Systems (NYSE:TDS) last issued its quarterly earnings results on Friday, November 1st. The Wireless communications provider reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.19. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate 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%. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same period last year, the company earned ($0.16) earnings per share. As a group, research analysts expect that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current year.

Telephone and Data Systems Announces Dividend

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

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.