Canada Pension Plan Investment Board Takes $1.92 Million Position in Telephone and Data Systems, Inc. (NYSE:TDS)

Canada Pension Plan Investment Board bought a new stake in Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 56,300 shares of the Wireless communications provider's stock, valued at approximately $1,920,000.

Several other institutional investors have also recently bought and sold shares of TDS. Versant Capital Management Inc increased its position in Telephone and Data Systems by 14.5% during the fourth quarter. Versant Capital Management Inc now owns 2,395 shares of the Wireless communications provider's stock worth $82,000 after acquiring an additional 303 shares during the period. GAMMA Investing LLC increased its holdings in shares of Telephone and Data Systems by 8.3% during the 4th quarter. GAMMA Investing LLC now owns 5,742 shares of the Wireless communications provider's stock worth $196,000 after purchasing an additional 440 shares during the period. Summit Investment Advisors Inc. raised its position in shares of Telephone and Data Systems by 4.9% during the fourth quarter. Summit Investment Advisors Inc. now owns 10,319 shares of the Wireless communications provider's stock valued at $352,000 after buying an additional 482 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Telephone and Data Systems by 74.5% in the fourth quarter. Farther Finance Advisors LLC now owns 2,707 shares of the Wireless communications provider's stock valued at $92,000 after buying an additional 1,156 shares during the period. Finally, Independence Bank of Kentucky acquired a new stake in Telephone and Data Systems during the fourth quarter worth about $41,000. Institutional investors own 80.00% of the company's stock.

Telephone and Data Systems Price Performance

Shares of NYSE:TDS traded up $0.05 during midday trading on Tuesday, reaching $37.65. 104,721 shares of the company's stock were exchanged, compared to its average volume of 1,086,795. The firm has a market capitalization of $4.29 billion, a PE ratio of -6.98 and a beta of 0.62. The company's 50 day simple moving average is $36.25 and its two-hundred day simple moving average is $34.35. Telephone and Data Systems, Inc. has a 12 month low of $14.04 and a 12 month 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 - Get Free Report) last released its quarterly earnings data on Friday, February 21st. The Wireless communications provider reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.32) by $0.23. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates 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%. Equities research analysts expect 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 business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a dividend of $0.04 per share. The ex-dividend date was Monday, March 17th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.42%. Telephone and Data Systems's payout ratio is presently -18.60%.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. raised their price objective 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.

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.