UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $24.93 Million Stock Position in Telephone and Data Systems, Inc. (NYSE:TDS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 189.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 730,730 shares of the Wireless communications provider's stock after purchasing an additional 477,945 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.65% of Telephone and Data Systems worth $24,925,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Third Point LLC increased its position in shares of Telephone and Data Systems by 108.7% during 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 purchasing an additional 3,125,000 shares during the period. American Century Companies Inc. increased its position in shares of Telephone and Data Systems by 6.7% during the 4th quarter. American Century Companies Inc. now owns 3,229,568 shares of the Wireless communications provider's stock valued at $110,161,000 after purchasing an additional 203,897 shares during the period. Gabelli Funds LLC increased its position in shares of Telephone and Data Systems by 1.1% during the 4th quarter. Gabelli Funds LLC now owns 1,899,767 shares of the Wireless communications provider's stock valued at $64,801,000 after purchasing an additional 20,721 shares during the period. Carronade Capital Management LP bought a new stake in shares of Telephone and Data Systems during the 4th quarter worth $62,845,000. Finally, Silver Point Capital L.P. boosted its stake in shares of Telephone and Data Systems by 47.2% during the 4th quarter. Silver Point Capital L.P. now owns 1,840,000 shares of the Wireless communications provider's stock worth $62,762,000 after acquiring an additional 590,000 shares in the last quarter. 80.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on TDS. JPMorgan Chase & Co. reduced their price objective on Telephone and Data Systems from $56.00 to $53.00 and set an "overweight" rating for the company in a research note on Wednesday. Raymond James reissued an "outperform" rating and set a $47.00 price objective (down 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 TDS traded down $0.69 during trading hours on Thursday, hitting $34.18. 775,248 shares of the company were exchanged, compared to its average volume of 1,031,263. The company has a market capitalization of $3.90 billion, a PE ratio of -6.33 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 has a fifty day simple moving average of $35.80 and a 200-day simple moving average of $35.21. Telephone and Data Systems, Inc. has a one year low of $16.75 and a one year high of $41.21.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last released 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). The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.18 billion. Telephone and Data Systems had a positive return on equity of 1.12% and a negative net margin of 10.72%. The business's revenue was down 8.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.10 earnings per share. As a group, sell-side analysts predict 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 announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a $0.04 dividend. The ex-dividend date is Monday, June 16th. This represents a $0.16 annualized dividend and a dividend yield of 0.47%. Telephone and Data Systems's dividend payout ratio (DPR) is presently -15.24%.

About Telephone and Data Systems

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.