6,016 Shares in Telephone and Data Systems, Inc. (NYSE:TDS) Acquired by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. bought a new position in shares of Telephone and Data Systems, Inc. (NYSE:TDS) during the 4th quarter, HoldingsChannel.com reports. The fund bought 6,016 shares of the Wireless communications provider’s stock, valued at approximately $205,000.

A number of other hedge funds have also bought and sold shares of TDS. Versant Capital Management Inc grew its holdings in shares of Telephone and Data Systems by 14.5% during the fourth 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 during the last quarter. GAMMA Investing LLC grew its stake in Telephone and Data Systems by 8.3% during the 4th quarter. GAMMA Investing LLC now owns 5,742 shares of the Wireless communications provider’s stock valued at $196,000 after purchasing an additional 440 shares during the last quarter. Quarry LP increased its holdings in shares of Telephone and Data Systems by 35.5% in the third quarter. Quarry LP now owns 2,643 shares of the Wireless communications provider’s stock valued at $61,000 after purchasing an additional 692 shares during the period. Farther Finance Advisors LLC raised its stake in shares of Telephone and Data Systems by 74.5% in the fourth quarter. Farther Finance Advisors LLC now owns 2,707 shares of the Wireless communications provider’s stock worth $92,000 after purchasing an additional 1,156 shares during the last quarter. Finally, Independence Bank of Kentucky acquired a new stake in shares of Telephone and Data Systems during the fourth quarter worth about $41,000. Institutional investors and hedge funds own 80.00% of the company’s stock.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. raised their price target on shares of 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 Price Performance

NYSE:TDS opened at $38.54 on Friday. The firm’s fifty day moving average is $36.48 and its two-hundred day moving average is $32.16. The firm has a market cap of $4.39 billion, a price-to-earnings ratio of -7.14 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. Telephone and Data Systems, Inc. has a one year low of $14.04 and a one 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) EPS for the quarter, topping analysts’ consensus estimates 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 positive return on equity of 1.12% and a negative net margin of 10.72%. Research analysts expect that Telephone and Data Systems, Inc. will post -0.31 EPS for the current year.

Telephone and Data Systems Dividend Announcement

The company 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 dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.42%. The ex-dividend date of this dividend is Monday, March 17th. Telephone and Data Systems’s dividend payout ratio (DPR) is -18.60%.

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.