Royce & Associates LP Acquires Shares of 104,487 Telephone and Data Systems, Inc. $TDS

Royce & Associates LP acquired a new stake in shares of Telephone and Data Systems, Inc. (NYSE:TDS) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 104,487 shares of the Wireless communications provider’s stock, valued at approximately $4,284,000.

Other institutional investors have also bought and sold shares of the company. Salomon & Ludwin LLC lifted its position in Telephone and Data Systems by 51.3% during the fourth quarter. Salomon & Ludwin LLC now owns 681 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 231 shares during the last quarter. Bessemer Group Inc. lifted its position in Telephone and Data Systems by 65.6% during the third quarter. Bessemer Group Inc. now owns 699 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 277 shares during the last quarter. Jones Financial Companies Lllp lifted its position in Telephone and Data Systems by 121.3% during the third quarter. Jones Financial Companies Lllp now owns 830 shares of the Wireless communications provider’s stock valued at $31,000 after purchasing an additional 455 shares during the last quarter. JPL Wealth Management LLC bought a new position in Telephone and Data Systems during the third quarter valued at $33,000. Finally, EverSource Wealth Advisors LLC lifted its position in Telephone and Data Systems by 191.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,311 shares of the Wireless communications provider’s stock valued at $47,000 after purchasing an additional 861 shares during the last quarter. Institutional investors own 80.00% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on TDS shares. Citigroup increased their price objective on shares of Telephone and Data Systems from $51.00 to $56.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Wall Street Zen upgraded shares of Telephone and Data Systems from a “sell” rating to a “hold” rating in a research report on Saturday. Weiss Ratings upgraded shares of Telephone and Data Systems from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, February 24th. Finally, Raymond James Financial lowered shares of Telephone and Data Systems from an “outperform” rating to a “market perform” rating in a research report on Monday, May 11th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $53.33.

Telephone and Data Systems Trading Down 0.4%

Shares of TDS opened at $39.15 on Friday. Telephone and Data Systems, Inc. has a twelve month low of $32.60 and a twelve month high of $49.12. The company has a market cap of $4.46 billion, a P/E ratio of 73.86 and a beta of 0.33. The company has a current ratio of 3.43, a quick ratio of 3.42 and a debt-to-equity ratio of 0.16. The company’s fifty day simple moving average is $43.37 and its 200-day simple moving average is $42.57.

Telephone and Data Systems (NYSE:TDS) last announced its earnings results on Friday, May 8th. The Wireless communications provider reported $1.11 earnings per share for the quarter, beating the consensus estimate of ($0.87) by $1.98. Telephone and Data Systems had a net margin of 6.15% and a return on equity of 5.54%. The business had revenue of $309.45 million for the quarter, compared to the consensus estimate of $313.28 million. During the same quarter in the prior year, the firm posted ($0.09) earnings per share. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, analysts expect that Telephone and Data Systems, Inc. will post 0.94 EPS for the current year.

Telephone and Data Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be paid a $0.04 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $0.16 annualized dividend and a dividend yield of 0.4%. Telephone and Data Systems’s dividend payout ratio is currently 30.19%.

Telephone and Data Systems Company Profile

Telephone and Data Systems, Inc (NYSE: TDS) is a diversified telecommunications company headquartered in Chicago, Illinois. Through its subsidiaries, the company provides a broad array of communications services, including wireless voice and data, wireline broadband and voice, cable television, and managed IT and cloud solutions. Its two primary operating units—TDS Telecom and U.S. Cellular—serve residential, business and wholesale customers across the United States.

TDS Telecom focuses on delivering broadband internet, digital voice, video and data communications services in primarily rural and suburban markets.