Quantinno Capital Management LP Makes New $261,000 Investment in Telephone and Data Systems, Inc. (NYSE:TDS)

Quantinno Capital Management LP purchased a new stake in shares of Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 7,663 shares of the Wireless communications provider's stock, valued at approximately $261,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Crossmark Global Holdings Inc. purchased a new stake in Telephone and Data Systems during the fourth quarter worth $246,000. First Citizens Bank & Trust Co. purchased a new stake in Telephone and Data Systems during the fourth quarter worth $203,000. Blue Trust Inc. boosted its holdings in Telephone and Data Systems by 235.7% during the fourth quarter. Blue Trust Inc. now owns 6,871 shares of the Wireless communications provider's stock worth $234,000 after buying an additional 4,824 shares in the last quarter. KBC Group NV raised its position in Telephone and Data Systems by 70.6% during the fourth quarter. KBC Group NV now owns 4,853 shares of the Wireless communications provider's stock worth $166,000 after acquiring an additional 2,008 shares during the period. Finally, Invesco LLC acquired a new position in Telephone and Data Systems during the fourth quarter worth $230,000. Institutional investors and hedge funds own 80.00% of the company's stock.

Wall Street Analyst Weigh In

TDS has been the topic of a number of research reports. JPMorgan Chase & Co. decreased their price objective on Telephone and Data Systems from $56.00 to $53.00 and set an "overweight" rating on the stock in a report on Wednesday. Raymond James reiterated an "outperform" rating and issued a $47.00 target price (down from $51.00) on shares of Telephone and Data Systems in a research report on Monday, May 5th.

Telephone and Data Systems Stock Down 2.0%

Shares of TDS stock traded down $0.69 during trading on Thursday, reaching $34.18. The company's stock had a trading volume of 775,248 shares, compared to its average volume of 1,038,052. 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 company has a market capitalization of $3.90 billion, a price-to-earnings ratio of -6.33 and a beta of 0.57. The stock's 50-day moving average price is $35.80 and its 200 day moving average price is $35.21. Telephone and Data Systems, Inc. has a 1-year low of $16.64 and a 1-year high of $41.21.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The Wireless communications provider reported ($0.09) earnings per share 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 company had revenue of $1.15 billion for the quarter, compared to analysts' expectations of $1.18 billion. During the same quarter in the prior year, the firm posted $0.10 EPS. The firm's quarterly revenue was down 8.6% compared to the same quarter last year. On average, research analysts anticipate that Telephone and Data Systems, Inc. will post -0.31 EPS for the current year.

Telephone and Data Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be given a $0.04 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.16 annualized dividend and a dividend yield of 0.47%. Telephone and Data Systems's dividend payout ratio is presently -15.24%.

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.