New York State Teachers Retirement System Has $4.54 Million Holdings in Telephone and Data Systems, Inc. (NYSE:TDS)

New York State Teachers Retirement System decreased its stake in Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 7.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 117,138 shares of the Wireless communications provider's stock after selling 9,300 shares during the period. New York State Teachers Retirement System owned approximately 0.10% of Telephone and Data Systems worth $4,538,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of TDS. Third Point LLC lifted its stake in shares of Telephone and Data Systems by 108.7% in the fourth quarter. Third Point LLC now owns 6,000,000 shares of the Wireless communications provider's stock worth $204,660,000 after acquiring an additional 3,125,000 shares in the last quarter. American Century Companies Inc. raised its stake in 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 acquiring an additional 203,897 shares in the last quarter. Gabelli Funds LLC lifted its stake in shares of Telephone and Data Systems by 1.1% in the 4th quarter. Gabelli Funds LLC now owns 1,899,767 shares of the Wireless communications provider's stock worth $64,801,000 after acquiring an additional 20,721 shares during the period. Carronade Capital Management LP bought a new position in Telephone and Data Systems during the 4th quarter valued at $62,845,000. Finally, Silver Point Capital L.P. boosted its stake in 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 valued at $62,762,000 after purchasing an additional 590,000 shares in the last quarter. Hedge funds and other institutional investors own 80.00% of the company's stock.

Telephone and Data Systems Stock Down 0.6%

NYSE TDS traded down $0.22 during trading on Monday, hitting $35.37. 970,227 shares of the company traded hands, compared to its average volume of 973,222. Telephone and Data Systems, Inc. has a 12 month low of $17.90 and a 12 month high of $41.21. The business has a fifty day simple moving average of $34.62 and a 200 day simple moving average of $35.47. The company has a current ratio of 1.74, a quick ratio of 1.55 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $4.03 billion, a P/E ratio of -33.69 and a beta of 0.51.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $1.15 billion during the quarter, compared to the consensus estimate 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 company's revenue for the quarter was down 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.10 earnings per share. As a group, sell-side analysts predict that Telephone and Data Systems, Inc. will post -0.31 EPS for the current year.

Telephone and Data Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were given a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend was Monday, June 16th. Telephone and Data Systems's dividend payout ratio (DPR) is presently -15.24%.

Wall Street Analyst Weigh In

TDS has been the subject of several research reports. 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, May 28th. Raymond James Financial reiterated an "outperform" rating and set a $47.00 price objective (down from $51.00) on shares of Telephone and Data Systems in a report on Monday, May 5th. Finally, Wall Street Zen lowered Telephone and Data Systems from a "hold" rating to a "sell" rating in a report on Friday, May 30th.

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.