Edgestream Partners L.P. Boosts Stock Position in Telephone and Data Systems, Inc. (NYSE:TDS)

Edgestream Partners L.P. boosted its position in Telephone and Data Systems, Inc. (NYSE:TDS) by 82.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 140,463 shares of the Wireless communications provider’s stock after purchasing an additional 63,516 shares during the quarter. Edgestream Partners L.P.’s holdings in Telephone and Data Systems were worth $2,250,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of TDS. Dimensional Fund Advisors LP boosted its position in shares of Telephone and Data Systems by 19.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,785,251 shares of the Wireless communications provider’s stock worth $87,810,000 after purchasing an additional 774,892 shares in the last quarter. Vanguard Group Inc. raised its stake in Telephone and Data Systems by 4.8% in the fourth quarter. Vanguard Group Inc. now owns 12,248,615 shares of the Wireless communications provider’s stock valued at $224,762,000 after buying an additional 565,371 shares during the last quarter. Segantii Capital Management Ltd acquired a new stake in Telephone and Data Systems in the fourth quarter worth about $9,144,000. Norges Bank purchased a new stake in shares of Telephone and Data Systems during the fourth quarter worth about $8,205,000. Finally, ProShare Advisors LLC increased its holdings in shares of Telephone and Data Systems by 33.9% during the first quarter. ProShare Advisors LLC now owns 501,901 shares of the Wireless communications provider’s stock valued at $8,040,000 after acquiring an additional 127,114 shares in the last quarter. 80.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on TDS shares. StockNews.com upgraded shares of Telephone and Data Systems from a “sell” rating to a “hold” rating in a research note on Monday, May 6th. JPMorgan Chase & Co. lowered their price objective on shares of Telephone and Data Systems from $36.00 to $34.00 and set an “overweight” rating for the company in a research note on Wednesday, May 29th.

Telephone and Data Systems Stock Performance

Shares of NYSE:TDS traded down $0.20 during trading on Tuesday, hitting $21.07. The stock had a trading volume of 109,159 shares, compared to its average volume of 1,142,271. The company has a quick ratio of 1.40, a current ratio of 1.58 and a debt-to-equity ratio of 0.84. Telephone and Data Systems, Inc. has a 12-month low of $7.64 and a 12-month high of $23.35. The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of -4.37 and a beta of 0.84. The stock has a 50-day simple moving average of $20.31 and a two-hundred day simple moving average of $17.94.

Telephone and Data Systems (NYSE:TDS) last posted its quarterly earnings results on Friday, May 3rd. The Wireless communications provider reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.15. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.26 billion. Telephone and Data Systems had a negative net margin of 9.36% and a positive return on equity of 0.62%. Telephone and Data Systems’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period last year, the firm posted ($0.08) EPS. On average, equities research analysts expect that Telephone and Data Systems, Inc. will post -0.33 earnings per share for the current fiscal year.

Telephone and Data Systems Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.16 dividend on an annualized basis and a yield of 0.76%. Telephone and Data Systems’s dividend payout ratio is presently -3.29%.

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.