Blue Trust Inc. Has $234,000 Stake in Telephone and Data Systems, Inc. (NYSE:TDS)

Blue Trust Inc. boosted its holdings in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 235.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,871 shares of the Wireless communications provider’s stock after buying an additional 4,824 shares during the period. Blue Trust Inc.’s holdings in Telephone and Data Systems were worth $234,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Silver Point Capital L.P. acquired a new position in Telephone and Data Systems in the third quarter worth about $29,062,000. Loomis Sayles & Co. L P grew its stake in shares of Telephone and Data Systems by 35.3% in the 3rd quarter. Loomis Sayles & Co. L P now owns 523,150 shares of the Wireless communications provider’s stock valued at $12,163,000 after purchasing an additional 136,419 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Telephone and Data Systems by 66.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 284,906 shares of the Wireless communications provider’s stock worth $6,624,000 after buying an additional 113,862 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of 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 worth $34,035,000 after buying an additional 103,114 shares during the period. Finally, Point72 Asset Management L.P. boosted its stake in Telephone and Data Systems by 26.9% in the 3rd quarter. Point72 Asset Management L.P. now owns 470,018 shares of the Wireless communications provider’s stock valued at $10,928,000 after buying an additional 99,520 shares in the last quarter. 80.00% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on TDS shares. Raymond James upgraded shares of Telephone and Data Systems from a “market perform” rating to an “outperform” rating and set a $51.00 target price for the company in a research note on Thursday, November 7th. JPMorgan Chase & Co. increased 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 report on Monday, November 4th.

Telephone and Data Systems Stock Down 0.2 %

NYSE:TDS opened at $35.28 on Tuesday. The stock’s fifty day moving average price is $34.46 and its two-hundred day moving average price is $28.05. The company has a market cap of $3.99 billion, a price-to-earnings ratio of -6.53 and a beta of 0.80. Telephone and Data Systems, Inc. has a 52-week low of $13.69 and a 52-week high of $36.66. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.44 and a current ratio of 1.59.

Telephone and Data Systems (NYSE:TDS) last announced its quarterly earnings data on Friday, November 1st. The Wireless communications provider reported $0.01 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 firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.24 billion. During the same period last year, the company earned ($0.16) earnings per share. The company’s revenue was down 4.2% on a year-over-year basis. On average, analysts anticipate that Telephone and Data Systems, Inc. will post -0.31 EPS for the current year.

Telephone and Data Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend was Monday, December 16th. Telephone and Data Systems’s dividend payout ratio is -2.96%.

Telephone and Data Systems Company 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.