Raymond James Financial Inc. Purchases Shares of 164,722 Telephone and Data Systems, Inc. (NYSE:TDS)

Raymond James Financial Inc. acquired a new stake in shares of Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 164,722 shares of the Wireless communications provider's stock, valued at approximately $5,619,000. Raymond James Financial Inc. owned approximately 0.15% of Telephone and Data Systems at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of TDS. World Investment Advisors LLC acquired a new position in shares of Telephone and Data Systems in the third quarter valued at approximately $294,000. Franklin Resources Inc. raised its stake in shares of Telephone and Data Systems by 2.5% in the 3rd quarter. Franklin Resources Inc. now owns 78,508 shares of the Wireless communications provider's stock valued at $1,855,000 after purchasing an additional 1,938 shares during the period. Versant Capital Management Inc lifted its holdings in shares of Telephone and Data Systems by 14.5% in the fourth 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 in the last quarter. GAMMA Investing LLC grew its holdings in shares of Telephone and Data Systems by 8.3% during the fourth quarter. GAMMA Investing LLC now owns 5,742 shares of the Wireless communications provider's stock worth $196,000 after buying an additional 440 shares in the last quarter. Finally, CWA Asset Management Group LLC acquired a new stake in Telephone and Data Systems in the 4th quarter valued at approximately $710,000. 80.00% of the stock is currently owned by institutional investors and hedge funds.

Telephone and Data Systems Stock Down 0.3 %

Shares of NYSE TDS traded down $0.12 during mid-day trading on Wednesday, hitting $37.49. The company had a trading volume of 808,875 shares, compared to its average volume of 1,090,717. Telephone and Data Systems, Inc. has a one year low of $14.04 and a one year high of $41.21. The company has a market capitalization of $4.27 billion, a PE ratio of -6.94 and a beta of 0.62. 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 firm has a 50-day simple moving average of $36.20 and a two-hundred day simple moving average of $34.40.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last posted its quarterly earnings results on Friday, February 21st. The Wireless communications provider reported ($0.09) earnings per share for the quarter, topping the consensus estimate 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%. On average, equities analysts expect that Telephone and Data Systems, Inc. will post -0.31 EPS for the current year.

Telephone and Data Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date was Monday, March 17th. Telephone and Data Systems's dividend payout ratio (DPR) is presently -18.60%.

Wall Street Analysts Forecast Growth

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

Telephone and Data Systems 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.