Telephone and Data Systems, Inc. (NYSE:TDS) Position Trimmed by Redwood Investment Management LLC

Redwood Investment Management LLC reduced its holdings in shares of Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 34.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,629 shares of the Wireless communications provider's stock after selling 7,220 shares during the quarter. Redwood Investment Management LLC's holdings in Telephone and Data Systems were worth $465,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in TDS. Independence Bank of Kentucky purchased a new stake in shares of Telephone and Data Systems during the fourth quarter worth about $41,000. Federated Hermes Inc. purchased a new stake in shares of Telephone and Data Systems during the fourth quarter worth about $56,000. SBI Securities Co. Ltd. purchased a new stake in shares of Telephone and Data Systems during the fourth quarter worth about $74,000. Farther Finance Advisors LLC boosted its position in shares of Telephone and Data Systems by 74.5% in the fourth quarter. Farther Finance Advisors LLC now owns 2,707 shares of the Wireless communications provider's stock worth $92,000 after acquiring an additional 1,156 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in shares of Telephone and Data Systems by 139.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,749 shares of the Wireless communications provider's stock worth $128,000 after acquiring an additional 2,186 shares during the last quarter. 80.00% of the stock is currently owned by hedge funds and other institutional investors.

Telephone and Data Systems Stock Down 0.4%

TDS traded down $0.13 during trading on Tuesday, hitting $34.51. The company had a trading volume of 786,039 shares, compared to its average volume of 1,050,461. The company has a market cap of $3.93 billion, a PE ratio of -6.39 and a beta of 0.57. The business has a 50-day moving average of $35.97 and a 200-day moving average of $35.10. 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 1-year low of $16.64 and a 1-year high of $41.21.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The Wireless communications provider reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.07). The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.18 billion. Telephone and Data Systems had a negative net margin of 10.72% and a positive return on equity of 1.12%. The company's revenue was down 8.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.10 earnings per share. As a group, analysts forecast that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current year.

Telephone and Data Systems Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Raymond James reissued an "outperform" rating and issued a $47.00 target price (down from $51.00) on shares of Telephone and Data Systems in a research report on Monday, May 5th. JPMorgan Chase & Co. boosted their target price on shares of 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 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.