Telephone and Data Systems, Inc. (NYSE:TDS) Holdings Cut by GABELLI & Co INVESTMENT ADVISERS INC.

GABELLI & Co INVESTMENT ADVISERS INC. trimmed its holdings in shares of Telephone and Data Systems, Inc. (NYSE:TDSFree Report) by 20.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 28,000 shares of the Wireless communications provider’s stock after selling 7,000 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC.’s holdings in Telephone and Data Systems were worth $513,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in shares of Telephone and Data Systems by 11.3% in the first quarter. JPMorgan Chase & Co. now owns 254,198 shares of the Wireless communications provider’s stock valued at $4,800,000 after buying an additional 25,890 shares in the last quarter. Citigroup Inc. raised its stake in shares of Telephone and Data Systems by 5.8% in the first quarter. Citigroup Inc. now owns 98,497 shares of the Wireless communications provider’s stock worth $1,860,000 after acquiring an additional 5,396 shares during the last quarter. Natixis Advisors L.P. lifted its position in shares of Telephone and Data Systems by 7.0% during the first quarter. Natixis Advisors L.P. now owns 71,806 shares of the Wireless communications provider’s stock worth $1,356,000 after purchasing an additional 4,717 shares in the last quarter. MetLife Investment Management LLC increased its holdings in shares of Telephone and Data Systems by 53.9% in the first quarter. MetLife Investment Management LLC now owns 53,418 shares of the Wireless communications provider’s stock valued at $1,009,000 after purchasing an additional 18,700 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in Telephone and Data Systems by 5.3% during the 1st quarter. Rhumbline Advisers now owns 340,146 shares of the Wireless communications provider’s stock worth $6,422,000 after buying an additional 17,202 shares in the last quarter. 95.40% of the stock is currently owned by institutional investors and hedge funds.

Telephone and Data Systems Trading Down 2.3 %

TDS opened at $18.78 on Tuesday. The firm has a 50 day simple moving average of $18.63 and a 200 day simple moving average of $17.67. Telephone and Data Systems, Inc. has a fifty-two week low of $6.43 and a fifty-two week high of $21.75. The company has a market cap of $2.12 billion, a price-to-earnings ratio of -23.77 and a beta of 0.85. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.27 and a quick ratio of 1.13.

Telephone and Data Systems (NYSE:TDSGet Free Report) last issued its earnings results on Friday, November 3rd. The Wireless communications provider reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.05). Telephone and Data Systems had a negative net margin of 0.38% and a negative return on equity of 0.36%. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the previous year, the firm posted ($0.22) EPS. The business’s revenue was down 8.2% on a year-over-year basis. On average, sell-side analysts anticipate that Telephone and Data Systems, Inc. will post -0.57 earnings per share for the current year.

Telephone and Data Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were issued a $0.185 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.74 dividend on an annualized basis and a yield of 3.94%. Telephone and Data Systems’s dividend payout ratio is presently -93.67%.

Analysts Set New Price Targets

Separately, StockNews.com raised Telephone and Data Systems from a “sell” rating to a “hold” rating in a research note on Monday, November 6th.

View Our Latest Report on TDS

Telephone and Data Systems Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Telephone and Data Systems (NYSE:TDS)

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