Xponance Inc. Grows Stock Position in Telephone and Data Systems, Inc. (NYSE:TDS)

Xponance Inc. lifted its stake in Telephone and Data Systems, Inc. (NYSE:TDS) by 4.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,485 shares of the Wireless communications provider’s stock after buying an additional 324 shares during the period. Xponance Inc.’s holdings in Telephone and Data Systems were worth $290,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Third Point LLC increased its holdings in Telephone and Data Systems by 108.7% during the 4th quarter. Third Point LLC now owns 6,000,000 shares of the Wireless communications provider’s stock valued at $204,660,000 after purchasing an additional 3,125,000 shares during the period. Carronade Capital Management LP purchased a new position in Telephone and Data Systems during the 4th quarter valued at about $62,845,000. Norges Bank purchased a new position in Telephone and Data Systems during the 4th quarter valued at about $23,776,000. Silver Point Capital L.P. increased its holdings in Telephone and Data Systems by 47.2% during the 4th quarter. Silver Point Capital L.P. now owns 1,840,000 shares of the Wireless communications provider’s stock valued at $62,762,000 after purchasing an additional 590,000 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Telephone and Data Systems by 189.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 730,730 shares of the Wireless communications provider’s stock valued at $24,925,000 after purchasing an additional 477,945 shares during the period. Hedge funds and other institutional investors own 80.00% of the company’s stock.

Telephone and Data Systems Stock Down 3.2%

TDS stock opened at $36.45 on Friday. Telephone and Data Systems, Inc. has a fifty-two week low of $17.90 and a fifty-two week high of $41.21. The business’s 50 day moving average price is $35.15 and its two-hundred day moving average price is $35.71. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.55 and a current ratio of 1.74. The company has a market capitalization of $4.16 billion, a price-to-earnings ratio of -34.71 and a beta of 0.51.

Telephone and Data Systems (NYSE:TDS) last posted its earnings results on Friday, May 2nd. The Wireless communications provider reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.07). Telephone and Data Systems had a positive return on equity of 0.73% and a negative net margin of 1.03%. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter last year, the company posted $0.10 EPS. The firm’s revenue was down 8.6% on a year-over-year basis. As a group, analysts forecast that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current fiscal year.

Telephone and Data Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were issued a dividend of $0.04 per share. The ex-dividend date was Monday, June 16th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.44%. Telephone and Data Systems’s dividend payout ratio (DPR) is -15.24%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on TDS shares. Raymond James Financial restated an “outperform” rating and set a $47.00 price target (down previously from $51.00) on shares of Telephone and Data Systems in a report on Monday, May 5th. JPMorgan Chase & Co. reduced their price target on Telephone and Data Systems from $56.00 to $53.00 and set an “overweight” rating on the stock in a report on Wednesday, May 28th. Finally, Wall Street Zen upgraded Telephone and Data Systems from a “sell” rating to a “hold” rating in a report on Saturday, July 12th.

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.