Algert Global LLC Has $9.72 Million Position in Telephone and Data Systems, Inc. (NYSE:TDS)

Algert Global LLC increased its holdings in shares of Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 15.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 284,856 shares of the Wireless communications provider's stock after purchasing an additional 38,770 shares during the quarter. Algert Global LLC owned 0.25% of Telephone and Data Systems worth $9,716,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Third Point LLC raised its holdings in shares of Telephone and Data Systems by 108.7% during the fourth quarter. Third Point LLC now owns 6,000,000 shares of the Wireless communications provider's stock worth $204,660,000 after acquiring an additional 3,125,000 shares during the period. Norges Bank bought a new stake in shares of Telephone and Data Systems in the fourth quarter valued at about $23,776,000. American Century Companies Inc. lifted its holdings in shares of Telephone and Data Systems by 6.7% in the fourth quarter. American Century Companies Inc. now owns 3,229,568 shares of the Wireless communications provider's stock valued at $110,161,000 after purchasing an additional 203,897 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Telephone and Data Systems by 42.3% during the fourth quarter. JPMorgan Chase & Co. now owns 652,603 shares of the Wireless communications provider's stock worth $22,260,000 after buying an additional 194,136 shares during the period. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of Telephone and Data Systems during the fourth quarter worth about $6,571,000. Institutional investors own 80.00% of the company's stock.

Analyst Ratings Changes

TDS has been the subject of a number of recent research reports. JPMorgan Chase & Co. upped their price target 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. Raymond James restated an "outperform" rating and set a $47.00 target price (down previously from $51.00) on shares of Telephone and Data Systems in a report on Monday.

Telephone and Data Systems Stock Performance

TDS stock traded up $0.42 during trading hours on Friday, reaching $34.38. The stock had a trading volume of 227,235 shares, compared to its average volume of 985,900. 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 stock has a 50-day simple moving average of $36.01 and a 200 day simple moving average of $34.74. The stock has a market capitalization of $3.92 billion, a PE ratio of -6.37 and a beta of 0.57. Telephone and Data Systems, Inc. has a fifty-two week low of $16.64 and a fifty-two week high of $41.21.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last announced its earnings results 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 for the quarter, compared to the consensus estimate 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 business's quarterly revenue was down 8.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.10 EPS. 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. Shareholders of record on Monday, March 17th were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date was Monday, March 17th. Telephone and Data Systems's dividend payout ratio is presently -15.24%.

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.