Telephone and Data Systems, Inc. (NYSE:TDS) Shares Sold by Marshall Wace LLP

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

Other institutional investors have also modified their holdings of the company. United Capital Financial Advisors LLC bought a new position in Telephone and Data Systems during the 4th quarter valued at $201,000. GABELLI & Co INVESTMENT ADVISERS INC. raised its stake in shares of Telephone and Data Systems by 79.7% in the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 121,050 shares of the Wireless communications provider's stock valued at $4,129,000 after purchasing an additional 53,700 shares in the last quarter. Gabelli Funds LLC lifted its position in shares of Telephone and Data Systems by 1.1% during the fourth quarter. Gabelli Funds LLC now owns 1,899,767 shares of the Wireless communications provider's stock worth $64,801,000 after purchasing an additional 20,721 shares during the last quarter. Guggenheim Capital LLC grew its stake in Telephone and Data Systems by 27.0% in the fourth quarter. Guggenheim Capital LLC now owns 43,280 shares of the Wireless communications provider's stock worth $1,476,000 after purchasing an additional 9,193 shares in the last quarter. Finally, Mariner LLC increased its holdings in Telephone and Data Systems by 34.6% in the fourth quarter. Mariner LLC now owns 30,190 shares of the Wireless communications provider's stock valued at $1,030,000 after buying an additional 7,758 shares during the last quarter. Institutional investors and hedge funds own 80.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on TDS shares. JPMorgan Chase & Co. increased their target price 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. Raymond James reaffirmed an "outperform" rating and issued a $47.00 price objective (down previously from $51.00) on shares of Telephone and Data Systems in a report on Monday, May 5th.

Telephone and Data Systems Stock Performance

TDS traded up $0.61 on Friday, hitting $34.57. 604,110 shares of the company's stock were exchanged, compared to its average volume of 1,056,998. 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 stock has a fifty day moving average of $36.01 and a two-hundred day moving average of $34.84. Telephone and Data Systems, Inc. has a twelve month low of $16.64 and a twelve month high of $41.21. The firm has a market cap of $3.94 billion, a PE ratio of -6.40 and a beta of 0.57.

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 for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.07). Telephone and Data Systems had a positive return on equity of 1.12% and a negative net margin of 10.72%. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the previous year, the company posted $0.10 earnings per share. The firm's revenue for the quarter was down 8.6% compared to the same quarter last year. On average, research analysts anticipate that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current fiscal year.

Telephone and Data Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.46%. The ex-dividend date was Monday, March 17th. Telephone and Data Systems's dividend payout ratio (DPR) is -15.24%.

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.