Graham Capital Management L.P. Sells 30,979 Shares of Telephone and Data Systems, Inc. (NYSE:TDS)

Graham Capital Management L.P. lessened its holdings in Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 66.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,580 shares of the Wireless communications provider's stock after selling 30,979 shares during the quarter. Graham Capital Management L.P.'s holdings in Telephone and Data Systems were worth $531,000 at the end of the most recent quarter.

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

Telephone and Data Systems Stock Up 0.1%

Shares of TDS traded up $0.02 during mid-day trading on Wednesday, reaching $34.55. The company's stock had a trading volume of 118,945 shares, compared to its average volume of 1,046,810. Telephone and Data Systems, Inc. has a 1 year low of $16.64 and a 1 year high of $41.21. 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 $3.94 billion, a price-to-earnings ratio of -6.40 and a beta of 0.57. The business has a fifty day moving average of $35.99 and a 200 day moving average of $35.10.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The Wireless communications provider reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.07). Telephone and Data Systems had a negative net margin of 10.72% and a positive return on equity of 1.12%. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.18 billion. The firm's quarterly revenue was down 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.10 earnings per share. As a group, analysts forecast 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 announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a dividend of $0.04 per share. The ex-dividend date was Monday, March 17th. 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%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TDS. Raymond James reissued an "outperform" rating and issued a $47.00 target price (down previously from $51.00) on shares of Telephone and Data Systems in a report on Monday, May 5th. JPMorgan Chase & Co. upped their target price on Telephone and Data Systems from $53.00 to $56.00 and gave the stock an "overweight" rating in a research report on Monday, February 24th.

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.