Gamco Investors INC. ET AL Has $63.40 Million Position in Telephone and Data Systems, Inc. $TDS

Gamco Investors INC. ET AL lessened its position in Telephone and Data Systems, Inc. (NYSE:TDS) by 6.1% in the 1st quarter, Holdings Channel reports. The firm owned 1,506,011 shares of the Wireless communications provider’s stock after selling 97,015 shares during the period. Telephone and Data Systems accounts for approximately 0.6% of Gamco Investors INC. ET AL’s investment portfolio, making the stock its 29th biggest holding. Gamco Investors INC. ET AL’s holdings in Telephone and Data Systems were worth $63,403,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TDS. Captrust Financial Advisors grew its holdings in shares of Telephone and Data Systems by 3.8% in the 4th quarter. Captrust Financial Advisors now owns 6,026 shares of the Wireless communications provider’s stock valued at $247,000 after buying an additional 220 shares during the period. Salomon & Ludwin LLC lifted its holdings in Telephone and Data Systems by 51.3% during the fourth quarter. Salomon & Ludwin LLC now owns 681 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 231 shares in the last quarter. CIBC Asset Management Inc grew its stake in Telephone and Data Systems by 2.4% in the fourth quarter. CIBC Asset Management Inc now owns 9,804 shares of the Wireless communications provider’s stock valued at $402,000 after acquiring an additional 232 shares during the period. Maryland State Retirement & Pension System grew its stake in Telephone and Data Systems by 1.6% in the fourth quarter. Maryland State Retirement & Pension System now owns 14,362 shares of the Wireless communications provider’s stock valued at $589,000 after acquiring an additional 233 shares during the period. Finally, HighTower Advisors LLC increased its holdings in shares of Telephone and Data Systems by 4.3% in the fourth quarter. HighTower Advisors LLC now owns 5,866 shares of the Wireless communications provider’s stock worth $241,000 after acquiring an additional 240 shares in the last quarter. 80.00% of the stock is owned by institutional investors.

Telephone and Data Systems Price Performance

Shares of TDS opened at $34.33 on Friday. The stock has a market capitalization of $3.91 billion, a P/E ratio of 64.77 and a beta of 0.30. Telephone and Data Systems, Inc. has a twelve month low of $33.01 and a twelve month high of $49.12. The company has a 50 day moving average of $37.70 and a 200-day moving average of $41.99. The company has a quick ratio of 3.42, a current ratio of 3.43 and a debt-to-equity ratio of 0.16.

Telephone and Data Systems (NYSE:TDS) last posted its quarterly earnings data on Friday, May 8th. The Wireless communications provider reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.87) by $1.98. The company had revenue of $309.45 million for the quarter, compared to the consensus estimate of $313.27 million. Telephone and Data Systems had a net margin of 6.15% and a return on equity of 5.54%. The firm’s revenue was up 6.5% compared to the same quarter last year. During the same period last year, the company earned ($0.09) earnings per share. As a group, equities research analysts forecast that Telephone and Data Systems, Inc. will post 0.94 EPS for the current fiscal year.

Telephone and Data Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were given a $0.04 dividend. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $0.16 dividend on an annualized basis and a yield of 0.5%. Telephone and Data Systems’s dividend payout ratio (DPR) is 30.19%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Raymond James Financial lowered shares of Telephone and Data Systems from an “outperform” rating to a “market perform” rating in a research note on Monday, May 11th. Weiss Ratings cut shares of Telephone and Data Systems from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 18th. Finally, Wall Street Zen raised shares of Telephone and Data Systems from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Telephone and Data Systems presently has a consensus rating of “Hold” and an average target price of $53.33.

About Telephone and Data Systems

Telephone and Data Systems, Inc (NYSE: TDS) is a diversified telecommunications company headquartered in Chicago, Illinois. Through its subsidiaries, the company provides a broad array of communications services, including wireless voice and data, wireline broadband and voice, cable television, and managed IT and cloud solutions. Its two primary operating units—TDS Telecom and U.S. Cellular—serve residential, business and wholesale customers across the United States.

TDS Telecom focuses on delivering broadband internet, digital voice, video and data communications services in primarily rural and suburban markets.