PDT Partners LLC Trims Stock Position in Telephone and Data Systems, Inc. (NYSE:TDS)

PDT Partners LLC decreased its position in shares of Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 47.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,478 shares of the Wireless communications provider's stock after selling 10,189 shares during the quarter. PDT Partners LLC's holdings in Telephone and Data Systems were worth $392,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Independence Bank of Kentucky purchased a new position in Telephone and Data Systems during the 4th quarter worth approximately $41,000. Federated Hermes Inc. purchased a new position in shares of Telephone and Data Systems during the fourth quarter worth approximately $56,000. SBI Securities Co. Ltd. acquired a new position in shares of Telephone and Data Systems in the 4th quarter valued at $74,000. Versant Capital Management Inc raised its position in Telephone and Data Systems by 14.5% in the 4th quarter. Versant Capital Management Inc now owns 2,395 shares of the Wireless communications provider's stock valued at $82,000 after purchasing an additional 303 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in Telephone and Data Systems by 74.5% during the 4th quarter. Farther Finance Advisors LLC now owns 2,707 shares of the Wireless communications provider's stock worth $92,000 after purchasing an additional 1,156 shares during the period. Institutional investors and hedge funds own 80.00% of the company's stock.

Telephone and Data Systems Trading Up 0.3 %

Shares of TDS stock opened at $37.59 on Friday. Telephone and Data Systems, Inc. has a twelve month low of $14.04 and a twelve month 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 business's 50 day moving average is $36.21 and its two-hundred day moving average is $34.49. The company has a market capitalization of $4.29 billion, a P/E ratio of -6.96 and a beta of 0.62.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last announced its quarterly earnings data on Friday, February 21st. The Wireless communications provider reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.32) by $0.23. The company had revenue of $1.24 billion for the quarter, compared to analysts' expectations 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%. Equities analysts forecast that Telephone and Data Systems, Inc. will post -0.31 EPS for the current year.

Telephone and Data Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.43%. The ex-dividend date was Monday, March 17th. Telephone and Data Systems's payout ratio is -18.60%.

Analyst Upgrades and Downgrades

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

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.

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