Telephone and Data Systems, Inc. (NYSE:TDS) Stake Boosted by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC boosted its stake in Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 115.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 187,845 shares of the Wireless communications provider's stock after acquiring an additional 100,623 shares during the period. Mutual of America Capital Management LLC owned 0.16% of Telephone and Data Systems worth $7,277,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Federated Hermes Inc. purchased a new position in Telephone and Data Systems in the 4th quarter valued at approximately $56,000. 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 during the last quarter. Lazard Asset Management LLC grew its holdings in Telephone and Data Systems by 85.6% during the 4th quarter. Lazard Asset Management LLC now owns 4,092 shares of the Wireless communications provider's stock valued at $139,000 after buying an additional 1,887 shares during the last quarter. Greenleaf Trust acquired a new stake in Telephone and Data Systems during the 1st quarter valued at $202,000. Finally, Highland Capital Management LLC acquired a new stake in Telephone and Data Systems during the 1st quarter valued at $205,000. Institutional investors and hedge funds own 80.00% of the company's stock.

Analyst Upgrades and Downgrades

TDS has been the topic of several research analyst reports. JPMorgan Chase & Co. reduced their price objective on Telephone and Data Systems from $56.00 to $53.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 28th. Wall Street Zen raised Telephone and Data Systems from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th. Finally, Raymond James Financial reissued an "outperform" rating and issued a $47.00 price objective (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 2.6%

Shares of Telephone and Data Systems stock traded down $0.98 during trading hours on Friday, hitting $36.67. 392,184 shares of the company's stock traded hands, compared to its average volume of 990,309. The stock has a 50 day simple moving average of $35.11 and a 200-day simple moving average of $35.70. The company has a quick ratio of 1.55, a current ratio of 1.74 and a debt-to-equity ratio of 0.85. The company has a market cap of $4.18 billion, a PE ratio of -34.92 and a beta of 0.51. Telephone and Data Systems, Inc. has a twelve month low of $17.90 and a twelve month high of $41.21.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The Wireless communications provider reported ($0.09) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.07). The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.18 billion. Telephone and Data Systems had a positive return on equity of 0.73% and a negative net margin of 1.03%. The firm's revenue for the quarter was down 8.6% on a year-over-year basis. During the same quarter last year, the business posted $0.10 earnings per share. Equities research analysts anticipate 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 declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were paid a $0.04 dividend. The ex-dividend date was Monday, June 16th. This represents a $0.16 dividend on an annualized basis and a yield of 0.44%. Telephone and Data Systems's dividend payout ratio (DPR) is -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.