Croban Buys Shares of 37,368 Telephone and Data Systems, Inc. (NYSE:TDS)

Croban acquired a new stake in shares of Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 37,368 shares of the Wireless communications provider's stock, valued at approximately $1,447,000. Telephone and Data Systems makes up 1.3% of Croban's portfolio, making the stock its 21st biggest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Greenleaf Trust bought a new stake in shares of Telephone and Data Systems in the first quarter worth $202,000. OneDigital Investment Advisors LLC grew its position in shares of Telephone and Data Systems by 5.8% in the 1st quarter. OneDigital Investment Advisors LLC now owns 9,648 shares of the Wireless communications provider's stock valued at $374,000 after buying an additional 531 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Telephone and Data Systems by 2.7% in the first quarter. Principal Financial Group Inc. now owns 485,690 shares of the Wireless communications provider's stock valued at $18,816,000 after buying an additional 12,702 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Telephone and Data Systems by 21.4% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 8,500 shares of the Wireless communications provider's stock worth $329,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Highland Capital Management LLC bought a new stake in Telephone and Data Systems in the first quarter valued at approximately $205,000. Institutional investors own 80.00% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on TDS. Wall Street Zen upgraded shares of Telephone and Data Systems from a "sell" rating to a "hold" rating in a report on Saturday. Raymond James Financial reaffirmed an "outperform" rating and set a $47.00 price target (down previously from $51.00) on shares of Telephone and Data Systems in a research report on Monday, May 5th. Finally, JPMorgan Chase & Co. lowered their price objective on Telephone and Data Systems from $56.00 to $53.00 and set an "overweight" rating for the company in a research report on Wednesday, May 28th.

Telephone and Data Systems Stock Up 0.7%

TDS stock traded up $0.27 during midday trading on Monday, reaching $39.72. 1,286,942 shares of the company's stock traded hands, compared to its average volume of 974,197. Telephone and Data Systems, Inc. has a 52 week low of $17.90 and a 52 week high of $41.21. The company has a market cap of $4.53 billion, a price-to-earnings ratio of -37.83 and a beta of 0.51. The firm's fifty day moving average price is $34.71 and its 200-day moving average price is $35.60. The company has a quick ratio of 1.55, a current ratio of 1.74 and a debt-to-equity ratio of 0.85.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last posted its earnings results on Friday, May 2nd. The Wireless communications provider reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.07). Telephone and Data Systems had a negative net margin of 1.03% and a positive return on equity of 0.73%. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the prior year, the business earned $0.10 EPS. The firm's revenue for the quarter was down 8.6% compared to the same quarter last year. As a group, sell-side analysts forecast 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 company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were paid a $0.04 dividend. The ex-dividend date was Monday, June 16th. This represents a $0.16 annualized dividend and a yield of 0.40%. Telephone and Data Systems's dividend payout ratio (DPR) 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.