Telephone and Data Systems, Inc. (NYSE:TDS) Stock Holdings Increased by Mariner LLC

Mariner LLC lifted its holdings in shares of Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 34.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,190 shares of the Wireless communications provider's stock after purchasing an additional 7,758 shares during the quarter. Mariner LLC's holdings in Telephone and Data Systems were worth $1,030,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of TDS. Independence Bank of Kentucky purchased a new position in shares of Telephone and Data Systems in the fourth quarter valued at $41,000. Federated Hermes Inc. bought a new position in Telephone and Data Systems during the 4th quarter worth approximately $56,000. SBI Securities Co. Ltd. bought a new stake in Telephone and Data Systems during the fourth quarter valued at $74,000. Versant Capital Management Inc raised its holdings in shares of Telephone and Data Systems by 14.5% during the fourth quarter. Versant Capital Management Inc now owns 2,395 shares of the Wireless communications provider's stock worth $82,000 after purchasing an additional 303 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in shares of Telephone and Data Systems by 74.5% in the 4th quarter. Farther Finance Advisors LLC now owns 2,707 shares of the Wireless communications provider's stock worth $92,000 after buying an additional 1,156 shares during the last quarter. 80.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. increased their price target on 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 Stock Performance

Shares of TDS traded down $3.97 during midday trading on Friday, hitting $33.67. 1,228,967 shares of the stock traded hands, compared to its average volume of 947,142. The business's 50 day moving average price is $36.21 and its two-hundred day moving average price is $34.49. The firm has a market capitalization of $3.84 billion, a PE ratio of -6.21 and a beta of 0.62. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.44 and a current ratio of 1.59. Telephone and Data Systems, Inc. has a 1-year low of $14.04 and a 1-year high of $41.21.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last posted its earnings results on Friday, May 2nd. The Wireless communications provider reported ($0.09) EPS for the quarter, missing the consensus estimate 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 firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter last year, the company posted $0.10 EPS. Telephone and Data Systems's revenue for the quarter was down 8.6% on a year-over-year basis. Equities research analysts predict that Telephone and Data Systems, Inc. will post -0.31 EPS for the current fiscal year.

Telephone and Data Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date of this dividend was Monday, March 17th. Telephone and Data Systems's payout ratio is currently -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.