Telephone and Data Systems, Inc. (NYSE:TDS) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets decreased its holdings in Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 35.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,464 shares of the Wireless communications provider's stock after selling 9,509 shares during the period. BNP Paribas Financial Markets' holdings in Telephone and Data Systems were worth $596,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Independence Bank of Kentucky acquired a new position in shares of Telephone and Data Systems in the 4th quarter valued at $41,000. Federated Hermes Inc. acquired a new stake in shares of Telephone and Data Systems in the fourth quarter valued at approximately $56,000. SBI Securities Co. Ltd. purchased a new position in shares of Telephone and Data Systems during the fourth quarter worth approximately $74,000. Farther Finance Advisors LLC increased its holdings in shares of Telephone and Data Systems by 74.5% in the 4th quarter. Farther Finance Advisors LLC now owns 2,707 shares of the Wireless communications provider's stock valued at $92,000 after acquiring an additional 1,156 shares during the period. Finally, Smartleaf Asset Management LLC raised its position in Telephone and Data Systems by 139.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,749 shares of the Wireless communications provider's stock valued at $128,000 after purchasing an additional 2,186 shares during the last quarter. Hedge funds and other institutional investors own 80.00% of the company's stock.

Wall Street Analysts Forecast Growth

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

Telephone and Data Systems Stock Performance

NYSE TDS traded down $0.45 during trading hours on Thursday, hitting $34.41. 82,523 shares of the stock were exchanged, compared to its average volume of 962,591. The company has a quick ratio of 1.44, a current ratio of 1.59 and a debt-to-equity ratio of 0.85. The company has a market cap of $3.92 billion, a price-to-earnings ratio of -6.37 and a beta of 0.57. Telephone and Data Systems, Inc. has a 12-month low of $16.64 and a 12-month high of $41.21. The stock has a 50-day moving average of $35.80 and a 200 day moving average of $35.21.

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) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.07). The business had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.18 billion. Telephone and Data Systems had a negative net margin of 10.72% and a positive return on equity of 1.12%. The firm's quarterly revenue was down 8.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.10 earnings per share. As a group, equities research analysts forecast that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current year.

Telephone and Data Systems Announces Dividend

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