Gabelli Funds LLC Buys 20,721 Shares of Telephone and Data Systems, Inc. (NYSE:TDS)

Gabelli Funds LLC boosted its position in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 1.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,899,767 shares of the Wireless communications provider’s stock after purchasing an additional 20,721 shares during the period. Gabelli Funds LLC’s holdings in Telephone and Data Systems were worth $64,801,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Crossmark Global Holdings Inc. purchased a new position in shares of Telephone and Data Systems in the 4th quarter worth about $246,000. CWA Asset Management Group LLC bought a new stake in Telephone and Data Systems in the fourth quarter valued at $710,000. Consolidated Planning Corp boosted its position in Telephone and Data Systems by 35.4% during the 4th quarter. Consolidated Planning Corp now owns 38,516 shares of the Wireless communications provider’s stock valued at $1,314,000 after acquiring an additional 10,063 shares in the last quarter. Savant Capital LLC bought a new position in Telephone and Data Systems in the fourth quarter worth $203,000. Finally, XTX Topco Ltd purchased a new position in Telephone and Data Systems during the 3rd quarter valued at about $363,000. Hedge funds and other institutional investors own 80.00% of the company’s stock.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. increased their price target on shares of Telephone and Data Systems from $53.00 to $56.00 and gave the company an “overweight” rating in a report on Monday, February 24th.

Telephone and Data Systems Trading Up 2.5 %

Shares of Telephone and Data Systems stock opened at $36.57 on Tuesday. The company has a fifty day moving average of $36.68 and a 200 day moving average of $33.44. 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 fifty-two week low of $14.04 and a fifty-two week high of $41.21. The company has a market capitalization of $4.17 billion, a P/E ratio of -6.77 and a beta of 0.62.

Telephone and Data Systems (NYSE:TDS) last released its quarterly earnings results on Friday, February 21st. The Wireless communications provider reported ($0.09) earnings per share for the quarter, beating 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 business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.23 billion. On average, sell-side analysts anticipate that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current fiscal year.

Telephone and Data Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date was Monday, March 17th. Telephone and Data Systems’s dividend payout ratio is currently -18.60%.

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.