Headlands Technologies LLC Acquires 4,581 Shares of Telephone and Data Systems, Inc. (NYSE:TDS)

Headlands Technologies LLC increased its position in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 328.9% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 5,974 shares of the Wireless communications provider’s stock after purchasing an additional 4,581 shares during the period. Headlands Technologies LLC’s holdings in Telephone and Data Systems were worth $124,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TDS. Dimensional Fund Advisors LP increased its stake in shares of Telephone and Data Systems by 19.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,785,251 shares of the Wireless communications provider’s stock valued at $87,810,000 after buying an additional 774,892 shares during the period. Vanguard Group Inc. increased its stake in shares of Telephone and Data Systems by 4.8% during 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 period. Norges Bank purchased a new position in shares of Telephone and Data Systems during the fourth quarter valued at $8,205,000. Bridgeway Capital Management LLC increased its stake in shares of Telephone and Data Systems by 17.1% during the first quarter. Bridgeway Capital Management LLC now owns 1,246,195 shares of the Wireless communications provider’s stock valued at $19,964,000 after buying an additional 181,790 shares during the period. Finally, ProShare Advisors LLC increased its stake 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 buying an additional 127,114 shares during the period. Hedge funds and other institutional investors own 80.00% of the company’s stock.

Telephone and Data Systems Price Performance

TDS opened at $23.55 on Monday. The business’s 50-day moving average is $21.57 and its two-hundred day moving average is $19.04. Telephone and Data Systems, Inc. has a 1 year low of $13.69 and a 1 year high of $24.92. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.51 and a quick ratio of 1.37. The firm has a market capitalization of $2.66 billion, a PE ratio of -4.84 and a beta of 0.81.

Telephone and Data Systems (NYSE:TDS) last posted its earnings results on Friday, August 2nd. The Wireless communications provider reported ($0.13) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.13). Telephone and Data Systems had a positive return on equity of 0.73% and a negative net margin of 9.31%. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same quarter in the previous year, the firm earned ($0.17) earnings per share. The firm’s quarterly revenue was down 2.3% compared to the same quarter last year. Research analysts anticipate that Telephone and Data Systems, Inc. will post -0.43 earnings per share for the current fiscal year.

Telephone and Data Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be paid a $0.04 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.16 annualized dividend and a yield of 0.68%. Telephone and Data Systems’s dividend payout ratio (DPR) is presently -3.29%.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. cut their price target on Telephone and Data Systems from $36.00 to $34.00 and set an “overweight” rating on the stock in a research note 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.