Legal & General Group Plc Cuts Position in Telephone and Data Systems, Inc. (NYSE:TDS)

Legal & General Group Plc decreased its position in shares of Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 2.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 292,026 shares of the Wireless communications provider's stock after selling 8,228 shares during the quarter. Legal & General Group Plc owned approximately 0.26% of Telephone and Data Systems worth $9,961,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in TDS. American Century Companies Inc. lifted its stake in shares of Telephone and Data Systems by 6.7% during the fourth quarter. American Century Companies Inc. now owns 3,229,568 shares of the Wireless communications provider's stock worth $110,161,000 after buying an additional 203,897 shares during the period. Geode Capital Management LLC raised its stake in shares of Telephone and Data Systems by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,291,071 shares of the Wireless communications provider's stock worth $53,278,000 after buying an additional 43,470 shares during the period. Norges Bank purchased a new position in Telephone and Data Systems in the 4th quarter valued at about $23,776,000. JPMorgan Chase & Co. boosted its stake in shares of Telephone and Data Systems by 42.3% in the fourth quarter. JPMorgan Chase & Co. now owns 652,603 shares of the Wireless communications provider's stock worth $22,260,000 after acquiring an additional 194,136 shares during the last quarter. Finally, TCW Group Inc. grew its holdings in shares of Telephone and Data Systems by 0.9% during the fourth quarter. TCW Group Inc. now owns 572,132 shares of the Wireless communications provider's stock worth $19,515,000 after buying an additional 5,300 shares in the last quarter. Hedge funds and other institutional investors own 80.00% of the company's stock.

Analysts Set New Price Targets

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 report on Monday, February 24th.

Telephone and Data Systems Stock Performance

NYSE TDS traded up $1.15 during trading hours on Wednesday, hitting $36.03. The company had a trading volume of 351,745 shares, compared to its average volume of 941,234. The company has a market cap of $4.11 billion, a PE ratio of -6.67 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. The business has a 50 day moving average of $36.50 and a 200-day moving average of $33.90.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last announced its earnings results on Friday, February 21st. The Wireless communications provider reported ($0.09) EPS for the quarter, beating analysts' consensus estimates of ($0.32) by $0.23. Telephone and Data Systems had a negative net margin of 10.72% and a positive return on equity of 1.12%. The business had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.23 billion. As a group, equities research analysts expect that Telephone and Data Systems, Inc. will post -0.31 EPS for the current year.

Telephone and Data Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a $0.04 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.16 dividend on an annualized basis and a yield of 0.44%. Telephone and Data Systems's dividend payout ratio (DPR) is -18.60%.

Telephone and Data Systems Company 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.