24,208 Shares in Telephone and Data Systems, Inc. (NYSE:TDS) Bought by Bayesian Capital Management LP

Bayesian Capital Management LP bought a new position in Telephone and Data Systems, Inc. (NYSE:TDS) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 24,208 shares of the Wireless communications provider’s stock, valued at approximately $388,000.

Other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its holdings in shares of Telephone and Data Systems by 19.3% during 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 during the period. Vanguard Group Inc. boosted its position in shares of Telephone and Data Systems by 4.8% during the 4th quarter. Vanguard Group Inc. now owns 12,248,615 shares of the Wireless communications provider’s stock valued at $224,762,000 after acquiring an additional 565,371 shares in the last quarter. Segantii Capital Management Ltd acquired a new stake in shares of Telephone and Data Systems during the 4th quarter valued at about $9,144,000. Norges Bank acquired a new stake in shares of Telephone and Data Systems during the 4th quarter valued at about $8,205,000. Finally, ProShare Advisors LLC boosted its position in Telephone and Data Systems by 33.9% in the first quarter. ProShare Advisors LLC now owns 501,901 shares of the Wireless communications provider’s stock valued at $8,040,000 after buying an additional 127,114 shares in the last quarter. Institutional investors own 80.00% of the company’s stock.

Telephone and Data Systems Stock Performance

Shares of NYSE:TDS traded down $0.10 during midday trading on Wednesday, reaching $21.26. The company had a trading volume of 26,947 shares, compared to its average volume of 1,130,700. The company’s 50 day moving average price is $20.38 and its 200 day moving average price is $18.05. The company has a current ratio of 1.58, a quick ratio of 1.40 and a debt-to-equity ratio of 0.84. The stock has a market cap of $2.40 billion, a P/E ratio of -4.38 and a beta of 0.84. Telephone and Data Systems, Inc. has a 52-week low of $7.64 and a 52-week high of $23.35.

Telephone and Data Systems (NYSE:TDS) last released its quarterly earnings data on Friday, May 3rd. The Wireless communications provider reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.15. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.26 billion. Telephone and Data Systems had a positive return on equity of 0.62% and a negative net margin of 9.36%. The business’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.08) earnings per share. As a group, sell-side analysts anticipate that Telephone and Data Systems, Inc. will post -0.33 EPS for the current fiscal year.

Telephone and Data Systems Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.75%. The ex-dividend date was Friday, June 14th. Telephone and Data Systems’s payout ratio is currently -3.29%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TDS. StockNews.com raised 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. reduced their target price on shares of Telephone and Data Systems from $36.00 to $34.00 and set an “overweight” rating for the company in a report on Wednesday, May 29th.

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.