Landscape Capital Management L.L.C. Purchases New Holdings in Telephone and Data Systems, Inc. (NYSE:TDS)

Landscape Capital Management L.L.C. purchased a new stake in Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 10,990 shares of the Wireless communications provider's stock, valued at approximately $375,000.

Several other institutional investors have also modified their holdings of the stock. Independence Bank of Kentucky purchased a new position in shares of Telephone and Data Systems during the 4th quarter worth about $41,000. SBI Securities Co. Ltd. bought a new stake in Telephone and Data Systems in the fourth quarter worth about $74,000. Versant Capital Management Inc boosted its position in shares of Telephone and Data Systems by 14.5% during the fourth quarter. Versant Capital Management Inc now owns 2,395 shares of the Wireless communications provider's stock valued at $82,000 after buying an additional 303 shares during the period. Quarry LP grew its stake in shares of Telephone and Data Systems by 35.5% during the third quarter. Quarry LP now owns 2,643 shares of the Wireless communications provider's stock valued at $61,000 after buying an additional 692 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its holdings 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 buying an additional 1,156 shares during the period. 80.00% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. boosted their price objective on Telephone and Data Systems from $53.00 to $56.00 and gave the company an "overweight" rating in a report on Monday, February 24th.

Telephone and Data Systems Stock Performance

Shares of Telephone and Data Systems stock traded up $0.23 during trading on Friday, hitting $35.66. 504,979 shares of the company's stock were exchanged, compared to its average volume of 1,087,634. Telephone and Data Systems, Inc. has a 52-week low of $14.04 and a 52-week high of $41.21. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.44 and a current ratio of 1.59. The stock has a market capitalization of $4.07 billion, a price-to-earnings ratio of -6.60 and a beta of 0.62. The business has a 50-day simple moving average of $36.68 and a 200-day simple moving average of $33.35.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last released its quarterly earnings results on Friday, February 21st. The Wireless communications provider reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.32) by $0.23. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. Telephone and Data Systems had a negative net margin of 10.72% and a positive return on equity of 1.12%. On average, research analysts forecast that Telephone and Data Systems, Inc. will post -0.31 EPS for the current year.

Telephone and Data Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend was Monday, March 17th. Telephone and Data Systems's dividend payout ratio (DPR) is currently -18.60%.

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.