Healthcare of Ontario Pension Plan Trust Fund Makes New Investment in Telephone and Data Systems, Inc. (NYSE:TDS)

Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Telephone and Data Systems, Inc. (NYSE:TDS) during the 3rd quarter, Holdings Channel reports. The firm acquired 67,700 shares of the Wireless communications provider’s stock, valued at approximately $1,574,000.

Other hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC raised its stake in Telephone and Data Systems by 10.2% during the third quarter. GAMMA Investing LLC now owns 5,302 shares of the Wireless communications provider’s stock valued at $123,000 after purchasing an additional 490 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Telephone and Data Systems by 1.4% during the 2nd quarter. Victory Capital Management Inc. now owns 41,514 shares of the Wireless communications provider’s stock valued at $861,000 after buying an additional 554 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Telephone and Data Systems by 14.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 5,146 shares of the Wireless communications provider’s stock valued at $107,000 after acquiring an additional 630 shares during the last quarter. Aigen Investment Management LP grew its position in Telephone and Data Systems by 5.3% in the third quarter. Aigen Investment Management LP now owns 13,589 shares of the Wireless communications provider’s stock worth $316,000 after acquiring an additional 685 shares in the last quarter. Finally, Diversified Trust Co increased its stake in Telephone and Data Systems by 2.5% during the third quarter. Diversified Trust Co now owns 31,770 shares of the Wireless communications provider’s stock worth $739,000 after acquiring an additional 771 shares during the last quarter. Institutional investors own 80.00% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on TDS shares. Raymond James raised 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. raised their price target on 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.

Telephone and Data Systems Stock Up 0.2 %

Shares of NYSE TDS opened at $34.18 on Monday. Telephone and Data Systems, Inc. has a 1 year low of $13.69 and a 1 year high of $34.76. The firm has a 50-day simple moving average of $28.09 and a two-hundred day simple moving average of $23.52. The company has a market cap of $3.86 billion, a P/E ratio of -6.33 and a beta of 0.77. 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 (NYSE:TDS) last issued its quarterly earnings results on Friday, November 1st. The Wireless communications provider reported $0.01 earnings per share (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) EPS. Telephone and Data Systems’s quarterly revenue was down 4.2% compared to the same quarter last year. Research analysts anticipate that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current year.

Telephone and Data Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a dividend of $0.04 per share. 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%.

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.