272 Capital LP Lowers Holdings in Telephone and Data Systems, Inc. (NYSE:TDS)

272 Capital LP decreased its holdings in Telephone and Data Systems, Inc. (NYSE:TDS) by 25.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 86,862 shares of the Wireless communications provider’s stock after selling 30,274 shares during the quarter. 272 Capital LP owned 0.08% of Telephone and Data Systems worth $2,020,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of TDS. Blue Trust Inc. raised its holdings in shares of Telephone and Data Systems by 4,082.9% during the second quarter. Blue Trust Inc. now owns 1,715 shares of the Wireless communications provider’s stock valued at $36,000 after acquiring an additional 1,674 shares during the last quarter. Quarry LP acquired a new position in shares of Telephone and Data Systems during the second quarter valued at approximately $40,000. CWM LLC raised its holdings in shares of Telephone and Data Systems by 57.0% during the second quarter. CWM LLC now owns 3,939 shares of the Wireless communications provider’s stock valued at $82,000 after acquiring an additional 1,430 shares during the last quarter. Neo Ivy Capital Management acquired a new position in shares of Telephone and Data Systems during the second quarter valued at approximately $88,000. Finally, Nisa Investment Advisors LLC raised its holdings in shares of Telephone and Data Systems by 14.0% during the second quarter. Nisa Investment Advisors LLC now owns 5,146 shares of the Wireless communications provider’s stock valued at $107,000 after acquiring an additional 630 shares during the last quarter. Institutional investors and hedge funds own 80.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TDS. Raymond James raised Telephone and Data Systems from a “market perform” rating to an “outperform” rating and set a $51.00 price target for the company in a report on Thursday, November 7th. JPMorgan Chase & Co. increased their price target on Telephone and Data Systems from $39.00 to $40.00 and gave the company an “overweight” rating in a report on Monday, November 4th.

Telephone and Data Systems Stock Up 2.6 %

TDS opened at $34.97 on Friday. Telephone and Data Systems, Inc. has a 52 week low of $13.69 and a 52 week high of $35.22. The business has a fifty day simple moving average of $30.02 and a 200-day simple moving average of $24.38. 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) last released its quarterly earnings results on Friday, November 1st. The Wireless communications provider reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.18) by $0.19. 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 $1.22 billion during the quarter, compared to analyst estimates of $1.24 billion. During the same period last year, the business posted ($0.16) earnings per share. The company’s quarterly revenue was down 4.2% on a year-over-year basis. On average, equities analysts predict that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current year.

Telephone and Data Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a $0.04 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.16 dividend on an annualized basis and a yield of 0.46%. Telephone and Data Systems’s dividend payout ratio (DPR) is presently -2.96%.

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.