American Century Companies Inc. Has $110.16 Million Holdings in Telephone and Data Systems, Inc. (NYSE:TDS)

American Century Companies Inc. raised its stake in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 6.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 3,229,568 shares of the Wireless communications provider’s stock after purchasing an additional 203,897 shares during the period. American Century Companies Inc. owned approximately 2.86% of Telephone and Data Systems worth $110,161,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Independence Bank of Kentucky purchased a new position in shares of Telephone and Data Systems during the fourth quarter valued at approximately $41,000. Quarry LP lifted its stake in Telephone and Data Systems by 35.5% during the 3rd quarter. Quarry LP now owns 2,643 shares of the Wireless communications provider’s stock valued at $61,000 after acquiring an additional 692 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in Telephone and Data Systems during the 4th quarter worth $74,000. Versant Capital Management Inc grew its stake in shares of Telephone and Data Systems by 14.5% in the 4th quarter. Versant Capital Management Inc now owns 2,395 shares of the Wireless communications provider’s stock worth $82,000 after acquiring an additional 303 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of Telephone and Data Systems by 74.5% in the fourth quarter. Farther Finance Advisors LLC now owns 2,707 shares of the Wireless communications provider’s stock valued at $92,000 after purchasing an additional 1,156 shares during the last quarter. 80.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Telephone and Data Systems Stock Up 2.0 %

TDS stock opened at $36.81 on Monday. The stock has a market cap of $4.20 billion, a P/E ratio of -6.82 and a beta of 0.75. The company has a current ratio of 1.59, a quick ratio of 1.44 and a debt-to-equity ratio of 0.85. The stock’s fifty day simple moving average is $36.14 and its two-hundred day simple moving average is $31.76. Telephone and Data Systems, Inc. has a 1-year low of $14.04 and a 1-year high of $41.21.

Telephone and Data Systems (NYSE:TDS) last posted 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. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.23 billion. Telephone and Data Systems had a negative net margin of 10.72% and a positive return on equity of 1.12%. Analysts expect that Telephone and Data Systems, Inc. will post -0.31 EPS for the current year.

Telephone and Data Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a dividend of $0.04 per share. The ex-dividend date is Monday, March 17th. This represents a $0.16 annualized dividend and a dividend yield of 0.43%. Telephone and Data Systems’s 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.