Charles Schwab Investment Management Inc. Has $34.04 Million Stock Holdings in Telephone and Data Systems, Inc. (NYSE:TDS)

Charles Schwab Investment Management Inc. boosted its position in Telephone and Data Systems, Inc. (NYSE:TDS) by 7.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,463,863 shares of the Wireless communications provider’s stock after buying an additional 103,114 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Telephone and Data Systems were worth $34,035,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Trust Inc. increased its position in shares of Telephone and Data Systems by 4,082.9% during the 2nd quarter. Blue Trust Inc. now owns 1,715 shares of the Wireless communications provider’s stock worth $36,000 after purchasing an additional 1,674 shares during the last quarter. Quarry LP acquired a new position in shares of Telephone and Data Systems during the 2nd quarter worth approximately $40,000. CWM LLC increased its position in shares of Telephone and Data Systems by 57.0% during the 2nd quarter. CWM LLC now owns 3,939 shares of the Wireless communications provider’s stock worth $82,000 after purchasing an additional 1,430 shares during the last quarter. Neo Ivy Capital Management acquired a new position in shares of Telephone and Data Systems during the 2nd quarter worth approximately $88,000. Finally, GAMMA Investing LLC increased its holdings in shares of Telephone and Data Systems by 13.8% during the 2nd quarter. GAMMA Investing LLC now owns 4,812 shares of the Wireless communications provider’s stock worth $100,000 after acquiring an additional 585 shares during the last quarter. Institutional investors and hedge funds own 80.00% of the company’s stock.

Telephone and Data Systems Stock Performance

TDS opened at $34.38 on Wednesday. The business has a fifty day simple moving average of $28.54 and a 200 day simple moving average of $23.71. The company has a market capitalization of $3.88 billion, a PE ratio of -6.37 and a beta of 0.81. Telephone and Data Systems, Inc. has a 1 year low of $13.69 and a 1 year high of $34.76. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.59 and a quick ratio of 1.44.

Telephone and Data Systems (NYSE:TDS) last released its earnings results 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. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.24 billion. Telephone and Data Systems had a positive return on equity of 1.12% and a negative net margin of 10.72%. The company’s revenue was down 4.2% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.16) EPS. Research analysts expect that Telephone and Data Systems, Inc. will post -0.31 EPS for the current year.

Telephone and Data Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a dividend of $0.04 per share. The ex-dividend date is Monday, December 16th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.47%. Telephone and Data Systems’s payout ratio is -2.96%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on Telephone and Data Systems from $39.00 to $40.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Raymond James raised Telephone and Data Systems from a “market perform” rating to an “outperform” rating and set a $51.00 target price on the stock in a report on Thursday, November 7th.

Telephone and Data Systems 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.