Voleon Capital Management LP Purchases Shares of 16,386 Telephone and Data Systems, Inc. (NYSE:TDS)

Voleon Capital Management LP purchased a new stake in shares of Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 16,386 shares of the Wireless communications provider's stock, valued at approximately $559,000.

Several other large investors have also added to or reduced their stakes in TDS. Crossmark Global Holdings Inc. purchased a new stake in shares of Telephone and Data Systems during the 4th quarter worth approximately $246,000. Norges Bank purchased a new stake in shares of Telephone and Data Systems during the fourth quarter worth $23,776,000. CWA Asset Management Group LLC purchased a new position in shares of Telephone and Data Systems in the fourth quarter valued at $710,000. Consolidated Planning Corp boosted its stake in Telephone and Data Systems by 35.4% in the 4th quarter. Consolidated Planning Corp now owns 38,516 shares of the Wireless communications provider's stock worth $1,314,000 after purchasing an additional 10,063 shares during the period. Finally, Savant Capital LLC bought a new stake in Telephone and Data Systems during the 4th quarter worth approximately $203,000. Institutional investors own 80.00% of the company's stock.

Telephone and Data Systems Stock Up 0.2 %

Shares of TDS traded up $0.07 on Wednesday, reaching $34.10. The stock had a trading volume of 149,804 shares, compared to its average volume of 1,093,203. The company has a 50-day simple moving average of $36.07 and a 200-day simple moving average of $34.70. The firm has a market capitalization of $3.89 billion, a price-to-earnings ratio of -6.32 and a beta of 0.57. Telephone and Data Systems, Inc. has a 12-month low of $15.03 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.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last released its quarterly earnings data 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). The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.18 billion. Telephone and Data Systems had a positive return on equity of 1.12% and a negative net margin of 10.72%. Telephone and Data Systems's quarterly revenue was down 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.10 earnings per share. Sell-side analysts predict that Telephone and Data Systems, Inc. will post -0.31 EPS for the current year.

Telephone and Data Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date of this dividend was Monday, March 17th. Telephone and Data Systems's dividend payout ratio is -15.24%.

Analysts Set New Price Targets

TDS has been the subject of a number of recent research reports. Raymond James restated an "outperform" rating and issued a $47.00 target price (down previously from $51.00) on shares of Telephone and Data Systems in a research report on Monday. 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.

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.