Ameriprise Financial Inc. Has $42.90 Million Position in Telephone and Data Systems, Inc. (NYSE:TDS)

Ameriprise Financial Inc. raised its stake in Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 3.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,257,662 shares of the Wireless communications provider's stock after purchasing an additional 45,619 shares during the period. Ameriprise Financial Inc. owned 1.11% of Telephone and Data Systems worth $42,899,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of TDS. Third Point LLC increased its holdings in shares of Telephone and Data Systems by 108.7% in the fourth 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 last quarter. Norges Bank acquired a new position in shares of Telephone and Data Systems in the fourth quarter valued at $23,776,000. American Century Companies Inc. increased 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 during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Telephone and Data Systems by 42.3% in the fourth quarter. JPMorgan Chase & Co. now owns 652,603 shares of the Wireless communications provider's stock valued at $22,260,000 after purchasing an additional 194,136 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Telephone and Data Systems in the fourth quarter valued at $6,571,000. 80.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TDS has been the topic of several research reports. Raymond James restated an "outperform" rating and issued a $47.00 price target (down from $51.00) on shares of Telephone and Data Systems in a research note on Monday, May 5th. JPMorgan Chase & Co. upped their price target on shares of Telephone and Data Systems from $53.00 to $56.00 and gave the company an "overweight" rating in a research note on Monday, February 24th.

Telephone and Data Systems Trading Up 1.8%

TDS stock opened at $34.57 on Monday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.44 and a current ratio of 1.59. The company's 50-day simple moving average is $36.01 and its 200 day simple moving average is $34.88. Telephone and Data Systems, Inc. has a 52 week low of $16.64 and a 52 week high of $41.21. The company has a market capitalization of $3.94 billion, a PE ratio of -6.40 and a beta of 0.57.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last released its quarterly 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 business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.18 billion. Telephone and Data Systems had a negative net margin of 10.72% and a positive return on equity of 1.12%. The company's revenue was down 8.6% on a year-over-year basis. During the same quarter last year, the company posted $0.10 earnings per share. As a group, sell-side analysts anticipate 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 disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.16 dividend on an annualized basis and a yield of 0.46%. Telephone and Data Systems's payout ratio is -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.

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