CANADA LIFE ASSURANCE Co Has $3.36 Million Stock Position in Telephone and Data Systems, Inc. (NYSE:TDS)

CANADA LIFE ASSURANCE Co reduced its position in Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 21.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 98,489 shares of the Wireless communications provider's stock after selling 26,825 shares during the period. CANADA LIFE ASSURANCE Co owned about 0.09% of Telephone and Data Systems worth $3,360,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of TDS. Norges Bank acquired a new stake in shares of Telephone and Data Systems in the fourth quarter valued at approximately $23,776,000. American Century Companies Inc. lifted its holdings in Telephone and Data Systems by 6.7% during the 4th 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 last quarter. JPMorgan Chase & Co. lifted its holdings in Telephone and Data Systems by 42.3% during the 4th quarter. JPMorgan Chase & Co. now owns 652,603 shares of the Wireless communications provider's stock valued at $22,260,000 after purchasing an additional 194,136 shares during the last quarter. Raymond James Financial Inc. bought a new position in Telephone and Data Systems during the fourth quarter worth $5,619,000. Finally, Barclays PLC increased its holdings in shares of Telephone and Data Systems by 23.1% in the fourth quarter. Barclays PLC now owns 675,713 shares of the Wireless communications provider's stock valued at $23,049,000 after purchasing an additional 126,993 shares during the last quarter. Institutional investors own 80.00% of the company's stock.

Telephone and Data Systems Stock Performance

NYSE:TDS traded up $0.13 during mid-day trading on Thursday, hitting $37.62. 193,671 shares of the stock were exchanged, compared to its average volume of 1,087,261. The firm's 50-day simple moving average is $36.20 and its 200 day simple moving average is $34.40. The stock has a market capitalization of $4.29 billion, a price-to-earnings ratio of -6.98 and a beta of 0.62. Telephone and Data Systems, Inc. has a fifty-two week low of $14.04 and a fifty-two week 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.

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 for the quarter, topping analysts' consensus estimates 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 company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. As a group, equities analysts anticipate that Telephone and Data Systems, Inc. will post -0.31 EPS for the current fiscal year.

Telephone and Data Systems Announces Dividend

The firm also recently announced 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 0.43%. Telephone and Data Systems's payout ratio is presently -18.60%.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. lifted 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 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.