Price T Rowe Associates Inc. MD Trims Holdings in Telephone and Data Systems, Inc. (NYSE:TDS)

Price T Rowe Associates Inc. MD trimmed its position in Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 27.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 87,585 shares of the Wireless communications provider's stock after selling 33,335 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.08% of Telephone and Data Systems worth $2,988,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of TDS. Crossmark Global Holdings Inc. acquired a new stake in Telephone and Data Systems during the 4th quarter valued at approximately $246,000. Norges Bank purchased a new stake in Telephone and Data Systems in the fourth quarter valued at $23,776,000. CWA Asset Management Group LLC purchased a new stake in Telephone and Data Systems in the fourth quarter valued at $710,000. Consolidated Planning Corp grew its position in Telephone and Data Systems by 35.4% during the 4th quarter. Consolidated Planning Corp now owns 38,516 shares of the Wireless communications provider's stock worth $1,314,000 after purchasing an additional 10,063 shares during the period. Finally, Savant Capital LLC purchased a new position in shares of Telephone and Data Systems during the 4th quarter valued at about $203,000. Institutional investors and hedge funds own 80.00% of the company's stock.

Telephone and Data Systems Price Performance

Shares of Telephone and Data Systems stock traded up $0.61 on Friday, reaching $34.57. The company's stock had a trading volume of 604,110 shares, compared to its average volume of 1,062,203. Telephone and Data Systems, Inc. has a 52-week low of $16.64 and a 52-week high of $41.21. The company has a market capitalization of $3.94 billion, a P/E ratio of -6.40 and a beta of 0.57. The company has a quick ratio of 1.44, a current ratio of 1.59 and a debt-to-equity ratio of 0.85. The stock has a 50-day moving average price of $36.01 and a 200-day moving average price of $34.79.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.18 billion. Telephone and Data Systems had a positive return on equity of 1.12% and a negative net margin of 10.72%. The business's revenue was down 8.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.10 earnings per share. Analysts expect that Telephone and Data Systems, Inc. will post -0.31 EPS for the current year.

Telephone and Data Systems Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms recently commented on TDS. Raymond James reaffirmed 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, May 5th. JPMorgan Chase & Co. lifted 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.