Public Sector Pension Investment Board Trims Holdings in Telephone and Data Systems, Inc. (NYSE:TDS)

Public Sector Pension Investment Board reduced its holdings in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 4.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 206,893 shares of the Wireless communications provider’s stock after selling 10,000 shares during the period. Public Sector Pension Investment Board owned 0.18% of Telephone and Data Systems worth $4,810,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of TDS. Blue Trust Inc. lifted its holdings in shares of Telephone and Data Systems by 4,082.9% during the second quarter. Blue Trust Inc. now owns 1,715 shares of the Wireless communications provider’s stock valued at $36,000 after purchasing an additional 1,674 shares during the last quarter. Quarry LP bought a new position in Telephone and Data Systems during the 2nd quarter valued at approximately $40,000. CWM LLC increased its position in 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 valued at $82,000 after buying an additional 1,430 shares in the last quarter. Neo Ivy Capital Management purchased a new stake in shares of Telephone and Data Systems in the second quarter worth $88,000. Finally, GAMMA Investing LLC grew its stake in shares of Telephone and Data Systems by 13.8% in the second 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. 80.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TDS. JPMorgan Chase & Co. upped their price target on shares of 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. Raymond James upgraded shares of Telephone and Data Systems from a “market perform” rating to an “outperform” rating and set a $51.00 price target on the stock in a report on Thursday, November 7th.

Telephone and Data Systems Trading Up 0.2 %

Telephone and Data Systems stock opened at $34.18 on Monday. Telephone and Data Systems, Inc. has a one year low of $13.69 and a one year high of $34.76. The business’s fifty day moving average is $28.09 and its 200 day moving average is $23.52. The stock has a market capitalization of $3.86 billion, a PE ratio of -6.33 and a beta of 0.77. 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 announced its quarterly earnings results on Friday, November 1st. The Wireless communications provider reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.19. Telephone and Data Systems had a negative net margin of 10.72% and a positive return on equity of 1.12%. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter last year, the firm posted ($0.16) EPS. The business’s quarterly revenue was down 4.2% compared to the same quarter last year. On average, sell-side analysts predict 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. Shareholders of record on Monday, December 16th will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.16 dividend on an annualized basis and a yield of 0.47%. Telephone and Data Systems’s dividend payout ratio is presently -2.96%.

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.