6,954 Shares in Telephone and Data Systems, Inc. (NYSE:TDS) Acquired by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC acquired a new position in shares of Telephone and Data Systems, Inc. (NYSE:TDS) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 6,954 shares of the Wireless communications provider’s stock, valued at approximately $237,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP purchased a new position in Telephone and Data Systems during the second quarter worth approximately $40,000. Versant Capital Management Inc increased its stake in Telephone and Data Systems by 14.5% during the fourth quarter. Versant Capital Management Inc now owns 2,395 shares of the Wireless communications provider’s stock worth $82,000 after acquiring an additional 303 shares during the last quarter. CWM LLC increased its stake in Telephone and Data Systems by 26.8% during the third quarter. CWM LLC now owns 4,995 shares of the Wireless communications provider’s stock worth $116,000 after acquiring an additional 1,056 shares during the last quarter. GAMMA Investing LLC increased its stake in Telephone and Data Systems by 10.2% during the third quarter. GAMMA Investing LLC now owns 5,302 shares of the Wireless communications provider’s stock worth $123,000 after acquiring an additional 490 shares during the last quarter. Finally, Harbour Capital Advisors LLC acquired a new stake in Telephone and Data Systems during the fourth quarter worth $291,000. Hedge funds and other institutional investors own 80.00% of the company’s stock.

Telephone and Data Systems Trading Up 1.5 %

Shares of NYSE TDS opened at $34.83 on Thursday. Telephone and Data Systems, Inc. has a twelve month low of $13.69 and a twelve month high of $35.39. The company has a current ratio of 1.59, a quick ratio of 1.44 and a debt-to-equity ratio of 0.85. The stock has a fifty day simple moving average of $33.51 and a 200-day simple moving average of $26.75. The stock has a market capitalization of $3.94 billion, a PE ratio of -6.45 and a beta of 0.81.

Telephone and Data Systems (NYSE:TDS) last issued its quarterly earnings data on Friday, November 1st. The Wireless communications provider reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.19. Telephone and Data Systems had a positive return on equity of 1.12% and a negative net margin of 10.72%. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same period in the previous year, the firm posted ($0.16) earnings per share. The company’s revenue was down 4.2% on a year-over-year basis. On average, equities analysts forecast that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current year.

Telephone and Data Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a $0.04 dividend. The ex-dividend date was Monday, December 16th. 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 presently -2.96%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Raymond James raised Telephone and Data Systems from a “market perform” rating to an “outperform” rating and set a $51.00 target price for the company in a research note on Thursday, November 7th. JPMorgan Chase & Co. raised their target price on Telephone and Data Systems from $39.00 to $40.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th.

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.