Telephone and Data Systems, Inc. (NYSE:TDS) Holdings Lifted by Geode Capital Management LLC

Geode Capital Management LLC boosted its holdings in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 1.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,291,071 shares of the Wireless communications provider’s stock after buying an additional 43,470 shares during the period. Geode Capital Management LLC owned approximately 2.03% of Telephone and Data Systems worth $53,278,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC increased its holdings in shares of Telephone and Data Systems by 10.2% in the 3rd 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 during the period. Victory Capital Management Inc. lifted its position in Telephone and Data Systems by 1.4% in the 2nd quarter. Victory Capital Management Inc. now owns 41,514 shares of the Wireless communications provider’s stock worth $861,000 after buying an additional 554 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Telephone and Data Systems by 14.0% during 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 in the last quarter. Aigen Investment Management LP increased its stake in shares of 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 during the last quarter. Finally, Quarry LP boosted its position in Telephone and Data Systems by 35.5% during the third quarter. Quarry LP now owns 2,643 shares of the Wireless communications provider’s stock valued at $61,000 after purchasing an additional 692 shares during the last quarter. 80.00% of the stock is owned by hedge funds and other institutional investors.

Telephone and Data Systems Stock Up 0.8 %

Shares of Telephone and Data Systems stock opened at $34.01 on Monday. Telephone and Data Systems, Inc. has a 12-month low of $13.69 and a 12-month high of $35.39. The stock has a market capitalization of $3.84 billion, a P/E ratio of -6.30 and a beta of 0.81. 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 stock has a 50 day moving average price of $31.34 and a two-hundred day moving average price of $25.03.

Telephone and Data Systems (NYSE:TDS) last announced its earnings results on Friday, November 1st. The Wireless communications provider reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.18) by $0.19. Telephone and Data Systems had a negative net margin of 10.72% and a positive return on equity of 1.12%. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter last year, the firm posted ($0.16) EPS. The business’s quarterly revenue was down 4.2% on a year-over-year basis. Equities analysts expect that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current 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 paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.16 annualized dividend and a yield of 0.47%. Telephone and Data Systems’s payout ratio is -2.96%.

Analyst Upgrades and Downgrades

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

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.