Marshall Wace LLP Sells 189,501 Shares of Telephone and Data Systems, Inc. (NYSE:TDS)

Marshall Wace LLP trimmed its position in shares of Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 94.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,385 shares of the Wireless communications provider's stock after selling 189,501 shares during the period. Marshall Wace LLP's holdings in Telephone and Data Systems were worth $354,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in TDS. United Capital Financial Advisors LLC acquired a new position in shares of Telephone and Data Systems during the fourth quarter worth $201,000. GABELLI & Co INVESTMENT ADVISERS INC. increased its stake in Telephone and Data Systems by 79.7% during the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 121,050 shares of the Wireless communications provider's stock worth $4,129,000 after buying an additional 53,700 shares in the last quarter. Gabelli Funds LLC lifted its holdings in 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 valued at $64,801,000 after purchasing an additional 20,721 shares in the last quarter. Guggenheim Capital LLC grew its stake in Telephone and Data Systems by 27.0% during the 4th quarter. Guggenheim Capital LLC now owns 43,280 shares of the Wireless communications provider's stock valued at $1,476,000 after acquiring an additional 9,193 shares in the last quarter. Finally, Mariner LLC increased its position in Telephone and Data Systems by 34.6% during the fourth quarter. Mariner LLC now owns 30,190 shares of the Wireless communications provider's stock worth $1,030,000 after purchasing an additional 7,758 shares during the last quarter. 80.00% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TDS has been the subject of a number of research analyst reports. Raymond James restated an "outperform" rating and set a $47.00 target price (down from $51.00) on shares of Telephone and Data Systems in a report on Monday. JPMorgan Chase & Co. raised their price target on Telephone and Data Systems from $53.00 to $56.00 and gave the stock an "overweight" rating in a report on Monday, February 24th.

Telephone and Data Systems Stock Down 1.7 %

TDS stock traded down $0.58 during trading on Thursday, reaching $33.89. The stock had a trading volume of 986,739 shares, compared to its average volume of 1,097,001. The company has a market capitalization of $3.86 billion, a P/E ratio of -6.28 and a beta of 0.57. Telephone and Data Systems, Inc. has a 1-year low of $15.03 and a 1-year high of $41.21. The company has a current ratio of 1.59, a quick ratio of 1.44 and a debt-to-equity ratio of 0.85. The firm has a fifty day moving average price of $36.04 and a 200 day moving average price of $34.70.

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 (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. During the same period in the prior year, the company posted $0.10 earnings per share. The business's revenue was down 8.6% on a year-over-year basis. On average, equities analysts anticipate that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current year.

Telephone and Data Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a $0.04 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.16 dividend on an annualized basis and a yield of 0.47%. Telephone and Data Systems's dividend payout ratio (DPR) is currently -15.24%.

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.