Guggenheim Capital LLC Acquires 9,193 Shares of Telephone and Data Systems, Inc. (NYSE:TDS)

Guggenheim Capital LLC boosted its holdings in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 27.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,280 shares of the Wireless communications provider’s stock after purchasing an additional 9,193 shares during the period. Guggenheim Capital LLC’s holdings in Telephone and Data Systems were worth $1,476,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its position in shares of Telephone and Data Systems by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,291,071 shares of the Wireless communications provider’s stock worth $53,278,000 after buying an additional 43,470 shares during the period. World Investment Advisors LLC acquired a new stake in shares of Telephone and Data Systems in the 3rd quarter valued at $294,000. Franklin Resources Inc. grew its holdings in shares of Telephone and Data Systems by 2.5% in the 3rd quarter. Franklin Resources Inc. now owns 78,508 shares of the Wireless communications provider’s stock worth $1,855,000 after purchasing an additional 1,938 shares during the last quarter. Versant Capital Management Inc lifted its holdings in Telephone and Data Systems by 14.5% during the 4th quarter. Versant Capital Management Inc now owns 2,395 shares of the Wireless communications provider’s stock valued at $82,000 after purchasing an additional 303 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in Telephone and Data Systems by 8.3% in the fourth quarter. GAMMA Investing LLC now owns 5,742 shares of the Wireless communications provider’s stock valued at $196,000 after buying an additional 440 shares in the last quarter. 80.00% of the stock is owned by institutional investors and hedge funds.

Telephone and Data Systems Price Performance

Shares of TDS stock opened at $35.09 on Tuesday. 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, Inc. has a 52-week low of $14.04 and a 52-week high of $41.21. The firm’s 50 day moving average price is $36.57 and its two-hundred day moving average price is $33.89. The stock has a market cap of $4.00 billion, a PE ratio of -6.50 and a beta of 0.62.

Telephone and Data Systems (NYSE:TDS) last announced its quarterly earnings results 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 company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. As a group, analysts forecast that Telephone and Data Systems, Inc. will post -0.31 EPS for the current year.

Telephone and Data Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a $0.04 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.46%. Telephone and Data Systems’s payout ratio is -18.60%.

Analyst Ratings Changes

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

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.