Telephone and Data Systems, Inc. (NYSE:TDS) Shares Sold by J. Goldman & Co LP

J. Goldman & Co LP lessened its holdings in Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 85.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 96,473 shares of the Wireless communications provider's stock after selling 547,343 shares during the period. J. Goldman & Co LP owned 0.09% of Telephone and Data Systems worth $3,291,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Third Point LLC increased its position in Telephone and Data Systems by 108.7% during the fourth quarter. Third Point LLC now owns 6,000,000 shares of the Wireless communications provider's stock worth $204,660,000 after purchasing an additional 3,125,000 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of 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 purchasing an additional 203,897 shares during the period. Gabelli Funds LLC boosted its stake in shares of 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 valued at $64,801,000 after purchasing an additional 20,721 shares during the period. Carronade Capital Management LP bought a new position in Telephone and Data Systems during the 4th quarter valued at $62,845,000. Finally, Ameriprise Financial Inc. boosted its stake in Telephone and Data Systems by 3.8% during the 4th quarter. Ameriprise Financial Inc. now owns 1,257,662 shares of the Wireless communications provider's stock valued at $42,899,000 after acquiring an additional 45,619 shares during the last quarter. Hedge funds and other institutional investors own 80.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on TDS shares. Raymond James restated an "outperform" rating and issued a $47.00 price target (down from $51.00) on shares of Telephone and Data Systems in a research report on Monday, May 5th. 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 report on Monday, February 24th.

Telephone and Data Systems Stock Performance

Shares of TDS stock traded up $0.14 during trading hours on Thursday, reaching $34.15. The stock had a trading volume of 687,216 shares, compared to its average volume of 1,051,347. The firm has a market capitalization of $3.89 billion, a PE ratio of -6.32 and a beta of 0.57. The firm has a 50-day simple moving average of $35.93 and a 200-day simple moving average of $34.90. Telephone and Data Systems, Inc. has a twelve month low of $16.64 and a twelve month high of $41.21. 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 (NYSE:TDS - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The Wireless communications provider reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.07). Telephone and Data Systems had a negative net margin of 10.72% and a positive return on equity of 1.12%. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the prior year, the business earned $0.10 earnings per share. The company's revenue for the quarter was down 8.6% compared to the same quarter last year. As a group, equities 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. Shareholders of record on Monday, March 17th were given a dividend of $0.04 per share. The ex-dividend date was Monday, March 17th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.47%. Telephone and Data Systems's dividend payout ratio (DPR) is -15.24%.

About Telephone and Data Systems

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.