United Capital Financial Advisors LLC Takes Position in Telephone and Data Systems, Inc. (NYSE:TDS)

United Capital Financial Advisors LLC acquired a new position in Telephone and Data Systems, Inc. (NYSE:TDS) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 5,890 shares of the Wireless communications provider’s stock, valued at approximately $201,000.

Several other hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new position in Telephone and Data Systems in the 4th quarter worth about $23,776,000. American Century Companies Inc. grew 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 worth $110,161,000 after buying an additional 203,897 shares in the last quarter. JPMorgan Chase & Co. increased its position in Telephone and Data Systems by 42.3% in the 4th 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. bought a new stake in Telephone and Data Systems during the 4th quarter valued at $5,619,000. Finally, Barclays PLC raised its stake in Telephone and Data Systems by 23.1% during the 4th quarter. Barclays PLC now owns 675,713 shares of the Wireless communications provider’s stock valued at $23,049,000 after acquiring an additional 126,993 shares in the last quarter. 80.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Telephone and Data Systems Trading Down 0.3 %

Telephone and Data Systems stock opened at $34.89 on Wednesday. Telephone and Data Systems, Inc. has a 12-month low of $14.04 and a 12-month 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 stock has a market capitalization of $3.98 billion, a PE ratio of -6.46 and a beta of 0.62. The firm has a 50 day simple moving average of $36.50 and a 200-day simple moving average of $33.90.

Telephone and Data Systems (NYSE:TDS) last issued its quarterly 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 for the quarter, compared to analysts’ expectations of $1.23 billion. As a group, equities research analysts expect that Telephone and Data Systems, Inc. will post -0.31 EPS for the current fiscal year.

Telephone and Data Systems Dividend Announcement

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