Sterling Capital Management LLC Buys 2,835 Shares of Telephone and Data Systems, Inc. (NYSE:TDS)

Sterling Capital Management LLC raised its stake in Telephone and Data Systems, Inc. (NYSE:TDS) by 33.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,238 shares of the Wireless communications provider’s stock after acquiring an additional 2,835 shares during the quarter. Sterling Capital Management LLC’s holdings in Telephone and Data Systems were worth $383,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of TDS. Norges Bank bought a new position in shares of Telephone and Data Systems during the fourth quarter worth approximately $23,776,000. American Century Companies Inc. lifted its holdings in shares of Telephone and Data Systems by 6.7% during the fourth quarter. American Century Companies Inc. now owns 3,229,568 shares of the Wireless communications provider’s stock worth $110,161,000 after buying an additional 203,897 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Telephone and Data Systems by 42.3% in the fourth quarter. JPMorgan Chase & Co. now owns 652,603 shares of the Wireless communications provider’s stock valued at $22,260,000 after acquiring an additional 194,136 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Telephone and Data Systems in the fourth quarter valued at about $5,619,000. Finally, New Age Alpha Advisors LLC bought a new position in Telephone and Data Systems during the fourth quarter worth about $3,718,000. 80.00% of the stock is currently owned by institutional investors and hedge funds.

Telephone and Data Systems Price Performance

Shares of NYSE TDS opened at $36.47 on Friday. The stock has a market capitalization of $4.16 billion, a PE ratio of -6.75 and a beta of 0.62. 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 debt-to-equity ratio of 0.85, a current ratio of 1.59 and a quick ratio of 1.44. The business has a fifty day moving average price of $36.63 and a two-hundred day moving average price of $33.73.

Telephone and Data Systems (NYSE:TDS) last posted its quarterly earnings data on Friday, February 21st. The Wireless communications provider reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.32) by $0.23. The business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations 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%. As a group, equities analysts predict 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 firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.44%. The ex-dividend date was Monday, March 17th. Telephone and Data Systems’s payout ratio is presently -18.60%.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. increased 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 report 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.