O Shaughnessy Asset Management LLC Invests $242,000 in Telephone and Data Systems, Inc. (NYSE:TDS)

O Shaughnessy Asset Management LLC purchased a new stake in Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 7,081 shares of the Wireless communications provider's stock, valued at approximately $242,000.

Several other institutional investors have also made changes to their positions in the stock. Versant Capital Management Inc lifted its position in shares of Telephone and Data Systems by 14.5% during the 4th quarter. Versant Capital Management Inc now owns 2,395 shares of the Wireless communications provider's stock valued at $82,000 after acquiring an additional 303 shares during the period. GAMMA Investing LLC increased its holdings in Telephone and Data Systems by 8.3% in the 4th quarter. GAMMA Investing LLC now owns 5,742 shares of the Wireless communications provider's stock valued at $196,000 after buying an additional 440 shares during the period. Farther Finance Advisors LLC raised its position in shares of Telephone and Data Systems by 74.5% in the 4th quarter. Farther Finance Advisors LLC now owns 2,707 shares of the Wireless communications provider's stock valued at $92,000 after buying an additional 1,156 shares in the last quarter. Independence Bank of Kentucky acquired a new stake in shares of Telephone and Data Systems during the 4th quarter worth approximately $41,000. Finally, Swiss National Bank increased its stake in Telephone and Data Systems by 0.8% in the fourth quarter. Swiss National Bank now owns 198,100 shares of the Wireless communications provider's stock valued at $6,757,000 after acquiring an additional 1,500 shares during the last quarter. 80.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. upped their price objective 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 Price Performance

Shares of NYSE:TDS traded up $0.03 during trading on Thursday, hitting $36.19. 135,055 shares of the company were exchanged, compared to its average volume of 1,080,119. The company has a quick ratio of 1.44, a current ratio of 1.59 and a debt-to-equity ratio of 0.85. Telephone and Data Systems, Inc. has a 1-year low of $14.04 and a 1-year high of $41.21. The company has a market capitalization of $4.13 billion, a P/E ratio of -6.71 and a beta of 0.62. The business's 50 day moving average is $36.66 and its 200-day moving average is $33.48.

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

Telephone and Data Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend was Monday, March 17th. Telephone and Data Systems's payout ratio is currently -18.60%.

About Telephone and Data Systems

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.