Telephone and Data Systems, Inc. (NYSE:TDS) Shares Acquired by ProShare Advisors LLC

ProShare Advisors LLC grew its position in Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 44.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,706 shares of the Wireless communications provider's stock after acquiring an additional 9,150 shares during the quarter. ProShare Advisors LLC's holdings in Telephone and Data Systems were worth $1,013,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in TDS. Third Point LLC increased its holdings in shares of Telephone and Data Systems by 108.7% in the 4th 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 during the last quarter. Carronade Capital Management LP acquired a new position in Telephone and Data Systems during the 4th quarter valued at approximately $62,845,000. Norges Bank acquired a new position in Telephone and Data Systems during the 4th quarter valued at approximately $23,776,000. Hudson Bay Capital Management LP acquired a new position in Telephone and Data Systems during the 4th quarter valued at approximately $10,233,000. Finally, CastleKnight Management LP acquired a new position in Telephone and Data Systems during the 4th quarter valued at approximately $9,459,000. 80.00% of the stock is currently owned by institutional investors.

Telephone and Data Systems Stock Performance

Shares of NYSE:TDS traded up $1.50 on Tuesday, hitting $35.07. The company's stock had a trading volume of 624,394 shares, compared to its average volume of 1,048,577. Telephone and Data Systems, Inc. has a 12 month low of $16.64 and a 12 month high of $41.21. The company has a market capitalization of $4.00 billion, a price-to-earnings ratio of -6.49 and a beta of 0.57. The stock's 50-day moving average is $35.86 and its two-hundred day moving average is $35.21. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.44 and a current ratio of 1.59.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The Wireless communications provider reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.07). Telephone and Data Systems had a positive return on equity of 1.12% and a negative net margin of 10.72%. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the previous year, the company posted $0.10 EPS. The company's revenue for the quarter was down 8.6% compared to the same quarter last year. On average, equities research analysts forecast that Telephone and Data Systems, Inc. will post -0.31 EPS for the current year.

Telephone and Data Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a $0.04 dividend. The ex-dividend date 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 (DPR) is -15.24%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on TDS shares. JPMorgan Chase & Co. boosted their price objective on 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. Raymond James reissued an "outperform" rating and issued a $47.00 price target (down previously from $51.00) on shares of Telephone and Data Systems in a research note on Monday, May 5th.

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.