Telephone and Data Systems, Inc. (NYSE:TDS) Position Boosted by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC increased its stake in Telephone and Data Systems, Inc. by 21.1%, now owning 41,711 shares valued at approximately $1.62 million.
• Several institutional investors have also modified their holdings, with Sumitomo Mitsui Trust Group Inc. raising its stake by 21.4% in the first quarter.
• Equities analysts have mixed views, with JPMorgan Chase lowering its target price from $56 to $53, while Raymond James reaffirmed an "outperform" rating with a target of $49.

Natixis Advisors LLC increased its position in shares of Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 21.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,711 shares of the Wireless communications provider's stock after buying an additional 7,265 shares during the period. Natixis Advisors LLC's holdings in Telephone and Data Systems were worth $1,615,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Third Point LLC raised its position in 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 in the last quarter. Carronade Capital Management LP purchased a new stake in shares of Telephone and Data Systems during the fourth quarter worth approximately $62,845,000. Silver Point Capital L.P. increased its position in shares of Telephone and Data Systems by 47.2% during the fourth quarter. Silver Point Capital L.P. now owns 1,840,000 shares of the Wireless communications provider's stock worth $62,762,000 after purchasing an additional 590,000 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Telephone and Data Systems by 189.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 730,730 shares of the Wireless communications provider's stock worth $24,925,000 after purchasing an additional 477,945 shares in the last quarter. Finally, Voloridge Investment Management LLC increased its position in shares of Telephone and Data Systems by 79.0% during the fourth quarter. Voloridge Investment Management LLC now owns 681,641 shares of the Wireless communications provider's stock worth $23,251,000 after purchasing an additional 300,846 shares in the last quarter. Hedge funds and other institutional investors own 80.00% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on TDS shares. Wall Street Zen lowered Telephone and Data Systems from a "hold" rating to a "sell" rating in a research note on Saturday. JPMorgan Chase & Co. increased their price target on Telephone and Data Systems from $53.00 to $54.00 and gave the company an "overweight" rating in a research report on Tuesday. Finally, Raymond James Financial raised their target price on Telephone and Data Systems from $49.00 to $50.00 and gave the stock an "outperform" rating in a research report on Tuesday.

Telephone and Data Systems Trading Down 1.1%

TDS stock traded down $0.45 during trading on Wednesday, reaching $38.51. 458,501 shares of the stock traded hands, compared to its average volume of 1,052,249. The business's 50 day moving average price is $36.66 and its 200-day moving average price is $36.20. Telephone and Data Systems, Inc. has a 52-week low of $20.04 and a 52-week high of $42.74. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.78 and a quick ratio of 1.55. The firm has a market capitalization of $4.39 billion, a PE ratio of -39.54 and a beta of 0.54.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last posted its quarterly earnings results on Monday, August 11th. The Wireless communications provider reported ($0.05) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.04). Telephone and Data Systems had a negative net margin of 0.85% and a positive return on equity of 0.92%. The firm had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.17 billion. During the same period last year, the firm posted ($0.13) EPS. Telephone and Data Systems's revenue was down 5.7% on a year-over-year basis. As a group, sell-side 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Monday, September 15th. Telephone and Data Systems's dividend payout ratio (DPR) 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.