Universal Beteiligungs und Servicegesellschaft mbH Acquires New Shares in Telephone and Data Systems, Inc. (NYSE:TDS)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 23,626 shares of the Wireless communications provider's stock, valued at approximately $915,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Federated Hermes Inc. acquired a new stake in Telephone and Data Systems during the 4th quarter worth $56,000. Lazard Asset Management LLC increased its holdings in shares of Telephone and Data Systems by 85.6% in the fourth quarter. Lazard Asset Management LLC now owns 4,092 shares of the Wireless communications provider's stock worth $139,000 after acquiring an additional 1,887 shares in the last quarter. Forum Financial Management LP acquired a new stake in shares of Telephone and Data Systems during the first quarter worth about $200,000. United Capital Financial Advisors LLC bought a new position in shares of Telephone and Data Systems during the 4th quarter valued at about $201,000. Finally, Greenleaf Trust bought a new position in shares of Telephone and Data Systems during the 1st quarter valued at about $202,000. Institutional investors own 80.00% of the company's stock.

Telephone and Data Systems Price Performance

Shares of NYSE TDS opened at $38.02 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.74 and a quick ratio of 1.55. The business has a 50-day moving average of $36.15 and a 200-day moving average of $36.09. The stock has a market capitalization of $4.33 billion, a price-to-earnings ratio of -36.21 and a beta of 0.54. Telephone and Data Systems, Inc. has a fifty-two week low of $17.90 and a fifty-two week high of $42.74.

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 company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.18 billion. Telephone and Data Systems had a negative net margin of 1.03% and a positive return on equity of 0.73%. The firm's revenue for the quarter was down 8.6% compared to the same quarter last year. During the same quarter 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 fiscal year.

Telephone and Data Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, June 16th. Telephone and Data Systems's dividend payout ratio is presently -15.24%.

Analyst Ratings Changes

TDS has been the subject of a number of research reports. Raymond James Financial reissued an "outperform" rating and set a $49.00 target price (up from $47.00) on shares of Telephone and Data Systems in a research note on Friday, July 25th. Wall Street Zen raised shares of Telephone and Data Systems from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Telephone and Data Systems from $56.00 to $53.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 28th.

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.

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