Price T Rowe Associates Inc. MD Has $2.99 Million Position in Telephone and Data Systems, Inc. (NYSE:TDS)

Price T Rowe Associates Inc. MD reduced 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 Form 13F filing 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 approximately 0.08% of Telephone and Data Systems worth $2,988,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. American Century Companies Inc. boosted its stake in Telephone and Data Systems by 6.7% in the fourth quarter. American Century Companies Inc. now owns 3,229,568 shares of the Wireless communications provider's stock valued at $110,161,000 after acquiring an additional 203,897 shares during the period. Gabelli Funds LLC lifted its position in Telephone and Data Systems by 1.1% in 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 period. Norges Bank bought a new position in shares of Telephone and Data Systems in the fourth quarter valued at $23,776,000. Barclays PLC increased its holdings in shares of Telephone and Data Systems by 23.1% in the fourth quarter. Barclays PLC now owns 675,713 shares of the Wireless communications provider's stock valued at $23,049,000 after buying an additional 126,993 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Telephone and Data Systems by 42.3% in the fourth quarter. JPMorgan Chase & Co. now owns 652,603 shares of the Wireless communications provider's stock valued at $22,260,000 after buying an additional 194,136 shares in the last quarter. 80.00% of the stock is currently owned by institutional investors and hedge funds.

Telephone and Data Systems Price Performance

Shares of TDS traded up $0.61 during trading hours on Friday, hitting $34.57. The stock had a trading volume of 604,110 shares, compared to its average volume of 1,056,998. The company's fifty day moving average is $36.01 and its two-hundred day moving average is $34.88. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.59 and a quick ratio of 1.44. Telephone and Data Systems, Inc. has a 52 week low of $16.64 and a 52 week high of $41.21. The stock has a market capitalization of $3.94 billion, a price-to-earnings ratio of -6.40 and a beta of 0.57.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The Wireless communications provider reported ($0.09) EPS 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 the consensus estimate of $1.18 billion. During the same period in the prior year, the company earned $0.10 EPS. The firm's revenue was down 8.6% compared to the same quarter last year. On average, analysts anticipate that Telephone and Data Systems, Inc. will post -0.31 EPS for the current year.

Telephone and Data Systems Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TDS. Raymond James reissued an "outperform" rating and set a $47.00 target price (down from $51.00) on shares of Telephone and Data Systems in a research note on Monday, May 5th. JPMorgan Chase & Co. upped their price target 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.

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.