Telephone and Data Systems, Inc. (NYSE:TDS) Shares Bought by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P lifted its holdings in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 6.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 558,653 shares of the Wireless communications provider’s stock after buying an additional 35,503 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Telephone and Data Systems were worth $19,055,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Independence Bank of Kentucky acquired a new stake in Telephone and Data Systems during the 4th quarter worth approximately $41,000. Quarry LP raised its stake in shares of Telephone and Data Systems by 35.5% during the third quarter. Quarry LP now owns 2,643 shares of the Wireless communications provider’s stock worth $61,000 after purchasing an additional 692 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Telephone and Data Systems during the fourth quarter worth $74,000. Versant Capital Management Inc grew its position in 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 valued at $82,000 after buying an additional 303 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its stake in Telephone and Data Systems by 74.5% in the 4th quarter. Farther Finance Advisors LLC now owns 2,707 shares of the Wireless communications provider’s stock valued at $92,000 after buying an additional 1,156 shares during the period. Hedge funds and other institutional investors own 80.00% of the company’s stock.

Telephone and Data Systems Stock Performance

Shares of TDS stock opened at $38.54 on Friday. 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 has a 50 day simple moving average of $36.48 and a 200-day simple moving average of $32.16. The company has a market cap of $4.39 billion, a price-to-earnings ratio of -7.14 and a beta of 0.75. Telephone and Data Systems, Inc. has a 12-month low of $14.04 and a 12-month high of $41.21.

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

Telephone and Data Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.42%. The ex-dividend date is Monday, March 17th. Telephone and Data Systems’s dividend payout ratio (DPR) is -18.60%.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. raised their target price 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.