Telephone and Data Systems, Inc. (NYSE:TDS) Holdings Trimmed by Teacher Retirement System of Texas

Teacher Retirement System of Texas reduced its position in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 40.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,813 shares of the Wireless communications provider’s stock after selling 32,985 shares during the period. Teacher Retirement System of Texas’ holdings in Telephone and Data Systems were worth $1,665,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of TDS. Silver Point Capital L.P. acquired a new position in Telephone and Data Systems in the third quarter worth approximately $29,062,000. Raymond James Financial Inc. acquired a new position in Telephone and Data Systems in the 4th quarter worth approximately $5,619,000. Charles Schwab Investment Management Inc. boosted its stake in Telephone and Data Systems by 7.6% in 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 purchasing an additional 103,114 shares during the period. Point72 Asset Management L.P. grew its position in Telephone and Data Systems by 26.9% during the 3rd quarter. Point72 Asset Management L.P. now owns 470,018 shares of the Wireless communications provider’s stock worth $10,928,000 after purchasing an additional 99,520 shares in the last quarter. Finally, Mutual of America Capital Management LLC raised its stake in Telephone and Data Systems by 494.6% during the 4th quarter. Mutual of America Capital Management LLC now owns 87,222 shares of the Wireless communications provider’s stock valued at $2,975,000 after purchasing an additional 72,554 shares during the period. 80.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. raised their target price on Telephone and Data Systems from $53.00 to $56.00 and gave the stock an “overweight” rating in a research report on Monday, February 24th.

Telephone and Data Systems Stock Performance

Shares of TDS opened at $38.79 on Friday. The company has a market capitalization of $4.42 billion, a PE ratio of -7.18 and a beta of 0.75. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.44 and a current ratio of 1.59. The company’s 50 day moving average price is $36.44 and its 200 day moving average price is $32.05. Telephone and Data Systems, Inc. has a 52 week low of $14.04 and a 52 week high of $41.21.

Telephone and Data Systems (NYSE:TDS) last posted its quarterly earnings results on Friday, February 21st. The Wireless communications provider reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.32) by $0.23. The business had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Telephone and Data Systems had a negative net margin of 10.72% and a positive return on equity of 1.12%. Research analysts expect that Telephone and Data Systems, Inc. will post -0.31 EPS for the current fiscal year.

Telephone and Data Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.16 annualized dividend and a dividend yield of 0.41%. Telephone and Data Systems’s dividend payout ratio is -18.60%.

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.