Telephone and Data Systems, Inc. (NYSE:TDS) Shares Bought by Algert Global LLC

Algert Global LLC grew its stake in shares of Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 15.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 284,856 shares of the Wireless communications provider's stock after acquiring an additional 38,770 shares during the period. Algert Global LLC owned about 0.25% of Telephone and Data Systems worth $9,716,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Crossmark Global Holdings Inc. purchased a new stake in Telephone and Data Systems in the fourth quarter worth about $246,000. Norges Bank bought a new stake in Telephone and Data Systems during the fourth quarter valued at about $23,776,000. CWA Asset Management Group LLC bought a new position in Telephone and Data Systems in the fourth quarter worth about $710,000. Consolidated Planning Corp lifted its position in shares of 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 buying an additional 10,063 shares during the last quarter. Finally, Savant Capital LLC bought a new stake in shares of Telephone and Data Systems in the 4th quarter valued at about $203,000. 80.00% of the stock is currently owned by hedge funds and other institutional investors.

Telephone and Data Systems Stock Performance

NYSE TDS traded down $0.58 on Thursday, reaching $33.89. 986,739 shares of the company's stock traded hands, compared to its average volume of 994,803. The stock has a 50 day moving average price of $36.04 and a 200-day moving average price of $34.70. The firm has a market cap of $3.86 billion, a price-to-earnings ratio of -6.28 and a beta of 0.57. 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 fifty-two week low of $15.10 and a fifty-two week high of $41.21.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The Wireless communications provider reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.07). The company had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.18 billion. Telephone and Data Systems had a positive return on equity of 1.12% and a negative net margin of 10.72%. The company's revenue for the quarter was down 8.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.10 EPS. Equities research analysts predict that Telephone and Data Systems, Inc. will post -0.31 EPS for the current fiscal year.

Telephone and Data Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend was Monday, March 17th. Telephone and Data Systems's payout ratio is -15.24%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. JPMorgan Chase & Co. increased 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. Raymond James reissued an "outperform" rating and issued a $47.00 target price (down from $51.00) on shares of Telephone and Data Systems in a research report on Monday.

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.