Telephone and Data Systems, Inc. (NYSE:TDS) Stake Cut by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its position in shares of Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 0.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,247,294 shares of the Wireless communications provider's stock after selling 42,432 shares during the period. Dimensional Fund Advisors LP owned approximately 5.53% of Telephone and Data Systems worth $213,095,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TDS. Canada Pension Plan Investment Board purchased a new position in shares of Telephone and Data Systems in the 4th quarter worth about $1,920,000. Farringdon Capital Ltd. purchased a new position in Telephone and Data Systems in the fourth quarter valued at approximately $314,000. United Capital Financial Advisors LLC acquired a new position in Telephone and Data Systems during the fourth quarter valued at approximately $201,000. GABELLI & Co INVESTMENT ADVISERS INC. grew its stake in Telephone and Data Systems by 79.7% during the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 121,050 shares of the Wireless communications provider's stock worth $4,129,000 after buying an additional 53,700 shares during the period. Finally, Gabelli Funds LLC increased its position in shares of Telephone and Data Systems by 1.1% in the fourth quarter. Gabelli Funds LLC now owns 1,899,767 shares of the Wireless communications provider's stock worth $64,801,000 after acquiring an additional 20,721 shares in the last quarter. Institutional investors and hedge funds own 80.00% of the company's stock.

Telephone and Data Systems Stock Up 1.8 %

Telephone and Data Systems stock traded up $0.67 during midday trading on Monday, hitting $37.32. 182,888 shares of the company were exchanged, compared to its average volume of 1,088,281. The company has a market cap of $4.25 billion, a PE ratio of -6.90 and a beta of 0.62. Telephone and Data Systems, Inc. has a fifty-two week low of $14.04 and a fifty-two week high of $41.21. The company's fifty day moving average price is $36.28 and its 200-day moving average price is $34.25. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.59 and a quick ratio of 1.44.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last posted its earnings results on Friday, February 21st. The Wireless communications provider reported ($0.09) EPS for the quarter, topping analysts' consensus estimates of ($0.32) by $0.23. Telephone and Data Systems had a negative net margin of 10.72% and a positive return on equity of 1.12%. The business had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.23 billion. On average, research analysts predict that Telephone and Data Systems, Inc. will post -0.31 EPS for the current fiscal year.

Telephone and Data Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a dividend of $0.04 per share. The ex-dividend date was Monday, March 17th. This represents a $0.16 annualized dividend and a dividend yield of 0.43%. Telephone and Data Systems's dividend payout ratio is presently -18.60%.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. lifted their target price on shares of Telephone and Data Systems from $53.00 to $56.00 and gave the company an "overweight" rating in a report on Monday, February 24th.

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.