Rhumbline Advisers Has $10.39 Million Stake in Telephone and Data Systems, Inc. (NYSE:TDS)

Rhumbline Advisers grew its holdings in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 1.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 304,735 shares of the Wireless communications provider’s stock after acquiring an additional 3,688 shares during the period. Rhumbline Advisers’ holdings in Telephone and Data Systems were worth $10,394,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in TDS. Creative Planning grew its stake in Telephone and Data Systems by 8.1% during the third quarter. Creative Planning now owns 13,301 shares of the Wireless communications provider’s stock worth $309,000 after purchasing an additional 997 shares during the period. Assenagon Asset Management S.A. bought a new position in shares of Telephone and Data Systems during the 3rd quarter worth approximately $1,208,000. Pinnacle Associates Ltd. grew its position in shares of Telephone and Data Systems by 13.4% during the 3rd quarter. Pinnacle Associates Ltd. now owns 468,809 shares of the Wireless communications provider’s stock worth $10,900,000 after buying an additional 55,434 shares during the period. Innealta Capital LLC grew its position in shares of Telephone and Data Systems by 8.0% during the 3rd quarter. Innealta Capital LLC now owns 11,313 shares of the Wireless communications provider’s stock worth $263,000 after buying an additional 835 shares during the period. Finally, Consolidated Planning Corp increased its stake in shares of Telephone and Data Systems by 38.6% in the 3rd quarter. Consolidated Planning Corp now owns 28,453 shares of the Wireless communications provider’s stock valued at $662,000 after acquiring an additional 7,918 shares in the last quarter. 80.00% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Raymond James upgraded shares of 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. raised their target price on Telephone and Data Systems from $39.00 to $40.00 and gave the company an “overweight” rating in a research note on Monday, November 4th.

Telephone and Data Systems Trading Down 4.1 %

NYSE TDS opened at $38.00 on Monday. The company has a quick ratio of 1.44, a current ratio of 1.59 and a debt-to-equity ratio of 0.85. Telephone and Data Systems, Inc. has a 52 week low of $13.92 and a 52 week high of $41.21. The business has a 50 day moving average price of $35.59 and a 200-day moving average price of $29.80. The company has a market cap of $4.29 billion, a price-to-earnings ratio of -7.04 and a beta of 0.80.

Telephone and Data Systems (NYSE:TDS) last released its quarterly earnings data on Friday, February 21st. The Wireless communications provider reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.32) by $0.23. The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate 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%. As a group, equities 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 business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a dividend of $0.04 per share. The ex-dividend date is Monday, March 17th. This represents a $0.16 dividend on an annualized basis and a yield of 0.42%. Telephone and Data Systems’s dividend payout ratio (DPR) is currently -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.