Telephone and Data Systems, Inc. (NYSE:TDS) Shares Acquired by Amundi

Amundi grew its holdings in Telephone and Data Systems, Inc. (NYSE:TDS) by 99.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 60,920 shares of the Wireless communications provider’s stock after purchasing an additional 30,350 shares during the quarter. Amundi owned 0.05% of Telephone and Data Systems worth $2,037,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in TDS. Silver Point Capital L.P. acquired a new stake in shares of Telephone and Data Systems in the third quarter valued at $29,062,000. Raymond James Financial Inc. purchased a new stake in Telephone and Data Systems during the 4th quarter worth about $5,619,000. Loomis Sayles & Co. L P raised its position in Telephone and Data Systems by 35.3% in the 3rd quarter. Loomis Sayles & Co. L P now owns 523,150 shares of the Wireless communications provider’s stock valued at $12,163,000 after purchasing an additional 136,419 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Telephone and Data Systems by 66.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 284,906 shares of the Wireless communications provider’s stock valued at $6,624,000 after buying an additional 113,862 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Telephone and Data Systems by 7.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,463,863 shares of the Wireless communications provider’s stock worth $34,035,000 after buying an additional 103,114 shares in the last quarter. Institutional investors and hedge funds own 80.00% of the company’s stock.

Telephone and Data Systems Stock Up 1.4 %

Telephone and Data Systems stock opened at $35.48 on Tuesday. The stock has a market cap of $4.05 billion, a PE ratio of -6.57 and a beta of 0.75. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.59 and a quick ratio of 1.44. The stock’s fifty day moving average is $35.91 and its two-hundred day moving average is $31.42. Telephone and Data Systems, Inc. has a 1-year low of $14.04 and a 1-year high of $41.21.

Telephone and Data Systems (NYSE:TDS) last issued its earnings results 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 business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.23 billion. Telephone and Data Systems had a positive return on equity of 1.12% and a negative net margin of 10.72%. On average, sell-side 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 business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.45%. The ex-dividend date is Monday, March 17th. Telephone and Data Systems’s payout ratio is -18.60%.

Analyst Ratings Changes

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

About Telephone and Data Systems

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.