Wells Fargo & Company MN Has $4.08 Million Holdings in Telephone and Data Systems, Inc. (NYSE:TDS)

Wells Fargo & Company MN reduced its holdings in Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 30.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 119,606 shares of the Wireless communications provider's stock after selling 52,555 shares during the quarter. Wells Fargo & Company MN owned about 0.11% of Telephone and Data Systems worth $4,080,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in the business. Independence Bank of Kentucky acquired a new position in Telephone and Data Systems during the 4th quarter valued at $41,000. SBI Securities Co. Ltd. bought a new position in Telephone and Data Systems during the fourth quarter valued at about $74,000. Versant Capital Management Inc raised its holdings in Telephone and Data Systems by 14.5% in 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. 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 acquiring an additional 1,156 shares during the period. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Telephone and Data Systems by 139.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,749 shares of the Wireless communications provider's stock worth $128,000 after purchasing an additional 2,186 shares in the last quarter. 80.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. raised their target price 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 Price Performance

Shares of TDS stock traded up $0.12 during trading hours on Friday, hitting $36.62. The company had a trading volume of 873,733 shares, compared to its average volume of 1,090,098. Telephone and Data Systems, Inc. has a 12 month low of $14.04 and a 12 month high of $41.21. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.44 and a current ratio of 1.59. The firm's fifty day moving average is $36.28 and its 200 day moving average is $34.09. The firm has a market capitalization of $4.17 billion, a price-to-earnings ratio of -6.78 and a beta of 0.62.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last released its quarterly earnings data on Friday, February 21st. The Wireless communications provider reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.32) by $0.23. 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 $1.24 billion during the quarter, compared to analyst estimates of $1.23 billion. On average, sell-side analysts predict that Telephone and Data Systems, Inc. will post -0.31 EPS for the current fiscal year.

Telephone and Data Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend 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 currently -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.