BNP Paribas Financial Markets Has $596,000 Stake in Telephone and Data Systems, Inc. (NYSE:TDS)

BNP Paribas Financial Markets trimmed its position in Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 35.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ballentine Partners LLC acquired a new stake in Telephone and Data Systems in the 4th quarter valued at about $257,000. Crossmark Global Holdings Inc. bought a new stake in shares of Telephone and Data Systems in the 4th quarter worth approximately $246,000. First Citizens Bank & Trust Co. bought a new stake in shares of Telephone and Data Systems in the 4th quarter worth approximately $203,000. Blue Trust Inc. lifted its stake 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 valued at $234,000 after purchasing an additional 4,824 shares during the last quarter. Finally, KBC Group NV boosted its holdings 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 buying an additional 2,008 shares in the last quarter. 80.00% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TDS has been the topic of several research reports. JPMorgan Chase & Co. dropped their price target 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 restated an "outperform" rating and issued a $47.00 target price (down from $51.00) on shares of Telephone and Data Systems in a report on Monday, May 5th.

Telephone and Data Systems Trading Down 2.0%

NYSE TDS traded down $0.69 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 debt-to-equity ratio of 0.85, a current ratio of 1.59 and a quick ratio of 1.44. Telephone and Data Systems, Inc. has a twelve month low of $16.75 and a twelve month high of $41.21. The firm has a market capitalization of $3.90 billion, a P/E ratio of -6.33 and a beta of 0.57. The company's 50 day moving average price is $35.73 and its 200-day moving average price is $35.22.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last released its earnings results 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 firm had revenue of $1.15 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period last year, the business earned $0.10 earnings per share. Analysts predict 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 dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.47%. The ex-dividend date is Monday, June 16th. Telephone and Data Systems's dividend payout ratio (DPR) is currently -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.