Telephone and Data Systems, Inc. (NYSE:TDS) Shares Sold by Deutsche Bank AG

Deutsche Bank AG decreased its stake in shares of Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 80.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 87,703 shares of the Wireless communications provider's stock after selling 350,465 shares during the period. Deutsche Bank AG owned about 0.08% of Telephone and Data Systems worth $2,992,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of TDS. Crossmark Global Holdings Inc. acquired a new stake in Telephone and Data Systems during the fourth quarter valued at approximately $246,000. Norges Bank bought a new stake in shares of Telephone and Data Systems in the 4th quarter valued at approximately $23,776,000. Consolidated Planning Corp raised its position in shares of Telephone and Data Systems by 35.4% during the 4th quarter. Consolidated Planning Corp now owns 38,516 shares of the Wireless communications provider's stock valued at $1,314,000 after acquiring an additional 10,063 shares in the last quarter. Savant Capital LLC acquired a new stake in shares of Telephone and Data Systems during the 4th quarter valued at approximately $203,000. Finally, Proficio Capital Partners LLC bought a new position in Telephone and Data Systems during the fourth quarter worth $2,422,000. Institutional investors own 80.00% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TDS. Raymond James reiterated an "outperform" rating and set a $47.00 target price (down previously from $51.00) on shares of Telephone and Data Systems in a research note on Monday, May 5th. JPMorgan Chase & Co. boosted their price objective on shares of 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 Stock Performance

Shares of NYSE TDS traded up $1.45 during mid-day trading on Tuesday, hitting $35.02. The company had a trading volume of 1,281,406 shares, compared to its average volume of 1,051,154. Telephone and Data Systems, Inc. has a 12 month low of $16.64 and a 12 month high of $41.21. The stock has a market cap of $3.99 billion, a price-to-earnings ratio of -6.49 and a beta of 0.57. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.59 and a quick ratio of 1.44. The firm's 50 day simple moving average is $35.84 and its two-hundred day simple moving average is $35.21.

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 (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 the consensus estimate of $1.18 billion. Telephone and Data Systems had a negative net margin of 10.72% and a positive return on equity of 1.12%. The business's quarterly revenue was down 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.10 earnings per share. As a group, equities research analysts forecast that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current year.

Telephone and Data Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.16 annualized dividend and a dividend yield of 0.46%. Telephone and Data Systems's dividend payout ratio is presently -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.