108,993 Shares in Telephone and Data Systems, Inc. (NYSE:TDS) Purchased by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC acquired a new position in Telephone and Data Systems, Inc. (NYSE:TDS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 108,993 shares of the Wireless communications provider’s stock, valued at approximately $3,718,000.

Several other large investors also recently bought and sold shares of TDS. Silver Point Capital L.P. purchased a new position in shares of Telephone and Data Systems in the third quarter valued at approximately $29,062,000. Norges Bank acquired a new position in Telephone and Data Systems in the 4th quarter valued at $23,776,000. American Century Companies Inc. lifted its holdings in Telephone and Data Systems by 6.7% in the 4th quarter. American Century Companies Inc. now owns 3,229,568 shares of the Wireless communications provider’s stock valued at $110,161,000 after purchasing an additional 203,897 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Telephone and Data Systems by 42.3% during the 4th quarter. JPMorgan Chase & Co. now owns 652,603 shares of the Wireless communications provider’s stock worth $22,260,000 after purchasing an additional 194,136 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Telephone and Data Systems during the fourth quarter worth $5,619,000. 80.00% of the stock is currently owned by hedge funds and other institutional investors.

Telephone and Data Systems Price Performance

TDS stock opened at $38.54 on Friday. Telephone and Data Systems, Inc. has a 1 year low of $14.04 and a 1 year high of $41.21. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.59 and a quick ratio of 1.44. The firm has a market capitalization of $4.39 billion, a PE ratio of -7.14 and a beta of 0.75. The business has a 50 day simple moving average of $36.48 and a 200-day simple moving average of $32.16.

Telephone and Data Systems (NYSE:TDS) last issued its earnings results on Friday, February 21st. The Wireless communications provider reported ($0.09) earnings per share (EPS) 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 company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Equities research 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend is Monday, March 17th. Telephone and Data Systems’s payout ratio is currently -18.60%.

Wall Street Analysts Forecast Growth

Separately, 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 research note on Monday, February 24th.

Telephone and Data Systems Company 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.