Independence Bank of Kentucky Buys Shares of 1,200 Telephone and Data Systems, Inc. (NYSE:TDS)

Independence Bank of Kentucky purchased a new stake in Telephone and Data Systems, Inc. (NYSE:TDS) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,200 shares of the Wireless communications provider’s stock, valued at approximately $41,000.

A number of other institutional investors have also added to or reduced their stakes in TDS. Versant Capital Management Inc grew its holdings in Telephone and Data Systems by 14.5% during the 4th quarter. Versant Capital Management Inc now owns 2,395 shares of the Wireless communications provider’s stock valued at $82,000 after buying an additional 303 shares in the last quarter. GAMMA Investing LLC grew its stake in Telephone and Data Systems by 8.3% during the fourth quarter. GAMMA Investing LLC now owns 5,742 shares of the Wireless communications provider’s stock valued at $196,000 after acquiring an additional 440 shares in the last quarter. Aigen Investment Management LP increased its holdings in Telephone and Data Systems by 5.3% during the 3rd 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 period. Quarry LP lifted its stake in Telephone and Data Systems by 35.5% in the 3rd quarter. Quarry LP now owns 2,643 shares of the Wireless communications provider’s stock worth $61,000 after purchasing an additional 692 shares in the last quarter. Finally, Diversified Trust Co boosted its holdings in Telephone and Data Systems by 2.5% in the 3rd quarter. Diversified Trust Co now owns 31,770 shares of the Wireless communications provider’s stock valued at $739,000 after purchasing an additional 771 shares during the period. Hedge funds and other institutional investors own 80.00% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Raymond James upgraded Telephone and Data Systems from a “market perform” rating to an “outperform” rating and set a $51.00 price objective on the stock in a research report 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 company an “overweight” rating in a report on Monday, November 4th.

Telephone and Data Systems Stock Performance

Telephone and Data Systems stock opened at $35.34 on Monday. Telephone and Data Systems, Inc. has a fifty-two week low of $13.69 and a fifty-two 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. The stock has a market cap of $3.99 billion, a P/E ratio of -6.54 and a beta of 0.81. The firm’s fifty day moving average price is $34.46 and its 200-day moving average price is $28.01.

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 the consensus estimate of ($0.18) by $0.19. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.24 billion. Telephone and Data Systems had a positive return on equity of 1.12% and a negative net margin of 10.72%. The company’s revenue was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.16) earnings per share. On average, equities research analysts expect that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current fiscal year.

Telephone and Data Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.45%. The ex-dividend date was 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.