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

PDT Partners LLC decreased its holdings in shares of Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 47.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Northern Trust Corp grew its position in Telephone and Data Systems by 9.1% in the fourth quarter. Northern Trust Corp now owns 1,159,919 shares of the Wireless communications provider's stock worth $39,565,000 after acquiring an additional 96,849 shares in the last quarter. Boothbay Fund Management LLC lifted its position in Telephone and Data Systems by 13.4% in the 4th quarter. Boothbay Fund Management LLC now owns 151,133 shares of the Wireless communications provider's stock worth $5,155,000 after buying an additional 17,877 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in shares of Telephone and Data Systems during the fourth quarter worth approximately $6,571,000. Voya Investment Management LLC lifted its holdings in shares of Telephone and Data Systems by 1.6% in the 4th quarter. Voya Investment Management LLC now owns 52,577 shares of the Wireless communications provider's stock worth $1,793,000 after acquiring an additional 808 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Telephone and Data Systems by 116.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 9,973 shares of the Wireless communications provider's stock valued at $340,000 after purchasing an additional 5,365 shares during the last quarter. 80.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on TDS shares. Raymond James restated an "outperform" rating and set a $47.00 price target (down from $51.00) on shares of Telephone and Data Systems in a research 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 research report on Monday, February 24th.

Telephone and Data Systems Trading Up 0.2 %

Shares of TDS stock traded up $0.07 during mid-day trading on Wednesday, reaching $34.10. The stock had a trading volume of 149,804 shares, compared to its average volume of 1,093,203. 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's 50-day moving average price is $36.07 and its two-hundred day moving average price is $34.70. The firm has a market capitalization of $3.89 billion, a PE ratio of -6.32 and a beta of 0.57. Telephone and Data Systems, Inc. has a 52-week low of $15.03 and a 52-week high of $41.21.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The Wireless communications provider reported ($0.09) earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.18 billion. During the same quarter last year, the business posted $0.10 EPS. The company's quarterly revenue was down 8.6% compared to the same quarter last year. Equities analysts expect 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 firm also recently announced 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 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend was Monday, March 17th. Telephone and Data Systems's dividend payout ratio (DPR) is presently -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.