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

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

Other hedge funds have also added to or reduced their stakes in the company. Independence Bank of Kentucky bought a new stake in Telephone and Data Systems during the 4th quarter valued at $41,000. Federated Hermes Inc. purchased a new stake in Telephone and Data Systems during the 4th quarter worth about $56,000. SBI Securities Co. Ltd. bought a new position in Telephone and Data Systems in the 4th quarter worth about $74,000. Farther Finance Advisors LLC grew its holdings in Telephone and Data Systems by 74.5% during the 4th quarter. Farther Finance Advisors LLC now owns 2,707 shares of the Wireless communications provider's stock valued at $92,000 after buying an additional 1,156 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its position in shares of Telephone and Data Systems by 139.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,749 shares of the Wireless communications provider's stock valued at $128,000 after buying an additional 2,186 shares during the period. Institutional investors own 80.00% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on TDS shares. Wall Street Zen cut shares of Telephone and Data Systems from a "hold" rating to a "sell" rating in a research note on Friday. JPMorgan Chase & Co. cut their price target on shares of Telephone and Data Systems from $56.00 to $53.00 and set an "overweight" rating for the company in a report on Wednesday. Finally, Raymond James reissued an "outperform" rating and set a $47.00 price objective (down previously from $51.00) on shares of Telephone and Data Systems in a research note on Monday, May 5th.

Telephone and Data Systems Price Performance

Shares of Telephone and Data Systems stock traded up $0.25 on Friday, hitting $34.42. 915,325 shares of the company traded hands, compared to its average volume of 1,020,740. Telephone and Data Systems, Inc. has a 12-month low of $17.90 and a 12-month high of $41.21. The company has a current ratio of 1.59, a quick ratio of 1.44 and a debt-to-equity ratio of 0.85. The company has a market cap of $3.92 billion, a P/E ratio of -6.37 and a beta of 0.57. The firm's 50-day simple moving average is $35.65 and its 200 day simple moving average is $35.27.

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 for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.07). Telephone and Data Systems had a negative net margin of 10.72% and a positive return on equity of 1.12%. The firm had revenue of $1.15 billion for the quarter, compared to analysts' expectations of $1.18 billion. During the same quarter in the previous year, the business earned $0.10 EPS. The company's revenue for the quarter was down 8.6% on a year-over-year basis. Analysts expect that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current fiscal year.

Telephone and Data Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend is Monday, June 16th. Telephone and Data Systems's dividend payout ratio is currently -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.