Telephone and Data Systems, Inc. (NYSE:TDS) Shares Bought by Barclays PLC

Barclays PLC boosted its holdings in shares of Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 23.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 675,713 shares of the Wireless communications provider's stock after purchasing an additional 126,993 shares during the quarter. Barclays PLC owned approximately 0.60% of Telephone and Data Systems worth $23,049,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Independence Bank of Kentucky bought a new stake in Telephone and Data Systems in the fourth quarter valued at about $41,000. Federated Hermes Inc. acquired a new position in shares of Telephone and Data Systems in the 4th quarter worth approximately $56,000. SBI Securities Co. Ltd. bought a new stake in shares of Telephone and Data Systems in the 4th quarter valued at approximately $74,000. Versant Capital Management Inc raised its position in shares of Telephone and Data Systems by 14.5% during the 4th quarter. Versant Capital Management Inc now owns 2,395 shares of the Wireless communications provider's stock valued at $82,000 after acquiring an additional 303 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in 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 purchasing an additional 1,156 shares during the period. 80.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. increased 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 report on Monday, February 24th.

Telephone and Data Systems Stock Performance

Shares of NYSE TDS traded down $0.43 during mid-day trading on Friday, hitting $36.07. The company had a trading volume of 140,037 shares, compared to its average volume of 1,086,502. Telephone and Data Systems, Inc. has a 12 month low of $14.04 and a 12 month high of $41.21. The stock has a market cap of $4.11 billion, a price-to-earnings ratio of -6.66 and a beta of 0.62. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.59 and a quick ratio of 1.44. The firm's 50 day simple moving average is $36.36 and its two-hundred day simple moving average is $34.00.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last posted its earnings results on Friday, February 21st. The Wireless communications provider reported ($0.09) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.32) by $0.23. The company had revenue of $1.24 billion for the quarter, compared to analysts' expectations 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%. As a group, equities research 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 company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend was Monday, March 17th. Telephone and Data Systems's dividend payout ratio (DPR) is -18.60%.

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.