Bank of Montreal Can Purchases 2,241 Shares of Telephone and Data Systems, Inc. (NYSE:TDS)

Bank of Montreal Can boosted its position in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 5.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,642 shares of the Wireless communications provider’s stock after acquiring an additional 2,241 shares during the period. Bank of Montreal Can’s holdings in Telephone and Data Systems were worth $1,455,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Polymer Capital Management US LLC acquired a new position in shares of Telephone and Data Systems in the fourth quarter valued at about $213,000. Federated Hermes Inc. purchased a new stake in shares of Telephone and Data Systems in the 4th quarter valued at $56,000. Landscape Capital Management L.L.C. acquired a new stake in shares of Telephone and Data Systems in the fourth quarter worth $375,000. ExodusPoint Capital Management LP raised its holdings in shares of Telephone and Data Systems by 1.9% during the fourth quarter. ExodusPoint Capital Management LP now owns 138,963 shares of the Wireless communications provider’s stock worth $4,740,000 after purchasing an additional 2,620 shares during the last quarter. Finally, Diametric Capital LP lifted its position in Telephone and Data Systems by 15.7% during the fourth quarter. Diametric Capital LP now owns 44,115 shares of the Wireless communications provider’s stock valued at $1,505,000 after purchasing an additional 5,990 shares during the period. Hedge funds and other institutional investors own 80.00% of the company’s stock.

Telephone and Data Systems Stock Up 0.9 %

TDS stock opened at $36.47 on Friday. The firm’s fifty day moving average is $36.64 and its 200 day moving average is $33.57. The firm has a market cap of $4.16 billion, a PE ratio of -6.75 and a beta of 0.62. Telephone and Data Systems, Inc. has a one year low of $14.04 and a one year high of $41.21. 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 (NYSE:TDS) last issued its quarterly earnings results on Friday, February 21st. The Wireless communications provider reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.23. The company 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%. On average, research analysts forecast that Telephone and Data Systems, Inc. will post -0.31 EPS for the current year.

Telephone and Data Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a $0.04 dividend. The ex-dividend date was Monday, March 17th. This represents a $0.16 annualized dividend and a dividend yield of 0.44%. Telephone and Data Systems’s dividend payout ratio (DPR) is -18.60%.

Wall Street Analyst Weigh In

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

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.