Xponance Inc. Makes New $244,000 Investment in Telephone and Data Systems, Inc. (NYSE:TDS)

Xponance Inc. purchased a new position in Telephone and Data Systems, Inc. (NYSE:TDS) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 7,161 shares of the Wireless communications provider’s stock, valued at approximately $244,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TDS. TCW Group Inc. boosted its holdings in Telephone and Data Systems by 3.2% in the third quarter. TCW Group Inc. now owns 566,832 shares of the Wireless communications provider’s stock worth $13,179,000 after purchasing an additional 17,400 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of Telephone and Data Systems during the 4th quarter valued at $246,000. CWA Asset Management Group LLC purchased a new position in shares of Telephone and Data Systems in the 4th quarter worth $710,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Telephone and Data Systems in the 3rd quarter worth $1,574,000. Finally, Consolidated Planning Corp increased its position in Telephone and Data Systems by 35.4% during the fourth quarter. Consolidated Planning Corp now owns 38,516 shares of the Wireless communications provider’s stock valued at $1,314,000 after acquiring an additional 10,063 shares during the last quarter. 80.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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 Trading Down 0.6 %

Shares of TDS stock opened at $38.54 on Friday. 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 company has a market cap of $4.39 billion, a price-to-earnings ratio of -7.14 and a beta of 0.75. Telephone and Data Systems, Inc. has a 1 year low of $14.04 and a 1 year high of $41.21. The firm has a fifty day moving average price of $36.48 and a 200-day moving average price of $32.16.

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

Telephone and Data Systems Announces Dividend

The company also recently announced 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. This represents a $0.16 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date is Monday, March 17th. Telephone and Data Systems’s payout ratio is -18.60%.

Telephone and Data Systems 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.