Telephone and Data Systems, Inc. (NYSE:TDS) Shares Sold by Caxton Associates LP

Caxton Associates LP reduced its holdings in Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 11.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 71,025 shares of the Wireless communications provider's stock after selling 9,581 shares during the period. Caxton Associates LP owned about 0.06% of Telephone and Data Systems worth $2,423,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. 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 valued at $204,660,000 after acquiring an additional 3,125,000 shares during the last quarter. Norges Bank acquired a new position in Telephone and Data Systems in the 4th quarter valued at $23,776,000. American Century Companies Inc. lifted its holdings in Telephone and Data Systems by 6.7% in the 4th 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 stake in Telephone and Data Systems by 42.3% during the 4th quarter. JPMorgan Chase & Co. now owns 652,603 shares of the Wireless communications provider's stock worth $22,260,000 after purchasing an additional 194,136 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of Telephone and Data Systems during the fourth quarter worth $6,571,000. 80.00% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Raymond James restated an "outperform" rating and set a $47.00 price target (down from $51.00) on shares of Telephone and Data Systems in a research report on Monday. JPMorgan Chase & Co. upped their price target on Telephone and Data Systems from $53.00 to $56.00 and gave the company an "overweight" rating in a research report on Monday, February 24th.

Telephone and Data Systems Trading Down 1.7 %

NYSE:TDS traded down $0.58 on Thursday, hitting $33.89. The stock had a trading volume of 986,739 shares, compared to its average volume of 1,098,328. The company has a fifty day moving average price of $36.04 and a two-hundred day moving average price of $34.70. The stock 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 quick ratio of 1.44, a current ratio of 1.59 and a debt-to-equity ratio of 0.85. Telephone and Data Systems, Inc. has a 1-year low of $15.10 and a 1-year high of $41.21.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The Wireless communications provider reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.07). Telephone and Data Systems had a positive return on equity of 1.12% and a negative net margin of 10.72%. The business had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.18 billion. During the same quarter in the previous year, the company posted $0.10 earnings per share. The company's revenue was down 8.6% on a year-over-year basis. 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 Announces Dividend

The business 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. 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 0.47%. Telephone and Data Systems's payout ratio is currently -15.24%.

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.