D. E. Shaw & Co. Inc. Raises Holdings in Telephone and Data Systems, Inc. (NYSE:TDS)

D. E. Shaw & Co. Inc. increased its position in shares of Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 140.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 334,981 shares of the Wireless communications provider's stock after buying an additional 195,935 shares during the period. D. E. Shaw & Co. Inc. owned about 0.30% of Telephone and Data Systems worth $11,426,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Third Point LLC boosted 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 purchasing an additional 3,125,000 shares during the last quarter. American Century Companies Inc. lifted its holdings in Telephone and Data Systems by 6.7% during the 4th quarter. American Century Companies Inc. now owns 3,229,568 shares of the Wireless communications provider's stock worth $110,161,000 after purchasing an additional 203,897 shares during the last quarter. Gabelli Funds LLC raised its stake in shares of Telephone and Data Systems by 1.1% during the fourth quarter. Gabelli Funds LLC now owns 1,899,767 shares of the Wireless communications provider's stock valued at $64,801,000 after acquiring an additional 20,721 shares during the last quarter. Carronade Capital Management LP purchased a new stake in shares of Telephone and Data Systems during the 4th quarter valued at $62,845,000. Finally, Ameriprise Financial Inc. raised its position in Telephone and Data Systems by 3.8% during the fourth quarter. Ameriprise Financial Inc. now owns 1,257,662 shares of the Wireless communications provider's stock valued at $42,899,000 after purchasing an additional 45,619 shares in the last quarter. Hedge funds and other institutional investors own 80.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TDS. Raymond James reiterated an "outperform" rating and set a $47.00 price objective (down previously from $51.00) on shares of Telephone and Data Systems in a report on Monday, May 5th. JPMorgan Chase & Co. increased their target price 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.

Telephone and Data Systems Trading Down 0.4%

Shares of NYSE TDS traded down $0.14 during midday trading on Monday, reaching $34.80. The company had a trading volume of 53,932 shares, compared to its average volume of 1,049,133. 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 one year low of $16.64 and a one year high of $41.21. The stock has a market cap of $3.97 billion, a PE ratio of -6.45 and a beta of 0.57. The firm's fifty day moving average price is $35.98 and its 200-day moving average price is $35.05.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last issued its earnings results on Friday, May 2nd. The Wireless communications provider reported ($0.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.07). The company had revenue of $1.15 billion during the quarter, compared to analyst estimates 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 firm's revenue was down 8.6% compared to the same quarter last year. During the same period last year, the business earned $0.10 earnings per share. On average, equities research 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. Investors of record on Monday, March 17th were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date was Monday, March 17th. Telephone and Data Systems's dividend payout ratio is -15.24%.

Telephone and Data Systems Company 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.