CWA Asset Management Group LLC Makes New $710,000 Investment in Telephone and Data Systems, Inc. (NYSE:TDS)

CWA Asset Management Group LLC bought a new stake in shares of Telephone and Data Systems, Inc. (NYSE:TDS) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 20,820 shares of the Wireless communications provider’s stock, valued at approximately $710,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Silver Point Capital L.P. bought a new stake in Telephone and Data Systems during the 3rd quarter valued at approximately $29,062,000. Dimensional Fund Advisors LP lifted its stake in shares of Telephone and Data Systems by 9.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,018,541 shares of the Wireless communications provider’s stock valued at $124,761,000 after purchasing an additional 507,512 shares during the period. Millennium Management LLC boosted its position in shares of Telephone and Data Systems by 34.0% during the second quarter. Millennium Management LLC now owns 1,950,298 shares of the Wireless communications provider’s stock valued at $40,430,000 after purchasing an additional 495,189 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in Telephone and Data Systems in the second quarter worth $7,680,000. Finally, American Century Companies Inc. raised its holdings in Telephone and Data Systems by 8.4% in the second quarter. American Century Companies Inc. now owns 2,655,980 shares of the Wireless communications provider’s stock worth $55,058,000 after purchasing an additional 206,819 shares in the last quarter. Hedge funds and other institutional investors own 80.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on TDS shares. Raymond James raised shares of 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 research report on Thursday, November 7th. JPMorgan Chase & Co. upped their price objective on shares of Telephone and Data Systems from $39.00 to $40.00 and gave the stock an “overweight” rating in a report on Monday, November 4th.

Telephone and Data Systems Trading Down 1.6 %

Telephone and Data Systems stock opened at $32.72 on Wednesday. Telephone and Data Systems, Inc. has a 12 month low of $13.69 and a 12 month high of $35.39. The company has a market capitalization of $3.70 billion, a price-to-earnings ratio of -6.06 and a beta of 0.81. The business’s fifty day simple moving average is $32.90 and its two-hundred day simple moving average is $26.11. The company has a current ratio of 1.59, a quick ratio of 1.44 and a debt-to-equity ratio of 0.85.

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

Telephone and Data Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.49%. The ex-dividend date was Monday, December 16th. Telephone and Data Systems’s dividend payout ratio (DPR) is currently -2.96%.

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.