Guggenheim Capital LLC Cuts Holdings in Telephone and Data Systems, Inc. (NYSE:TDS)

Guggenheim Capital LLC lessened its position in shares of Telephone and Data Systems, Inc. (NYSE:TDS – Get Rating) by 12.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 95,090 shares of the Wireless communications provider’s stock after selling 13,176 shares during the period. Guggenheim Capital LLC owned approximately 0.08% of Telephone and Data Systems worth $1,322,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TDS. EMC Capital Management grew its holdings in shares of Telephone and Data Systems by 51.1% during the 2nd quarter. EMC Capital Management now owns 3,172 shares of the Wireless communications provider’s stock worth $50,000 after purchasing an additional 1,073 shares during the period. Covestor Ltd lifted its position in Telephone and Data Systems by 56.2% during the first quarter. Covestor Ltd now owns 3,954 shares of the Wireless communications provider’s stock valued at $75,000 after buying an additional 1,422 shares in the last quarter. Lazard Asset Management LLC grew its stake in Telephone and Data Systems by 122.9% during the second quarter. Lazard Asset Management LLC now owns 5,316 shares of the Wireless communications provider’s stock worth $83,000 after buying an additional 2,931 shares during the period. US Bancorp DE increased its position in shares of Telephone and Data Systems by 19.2% in the second quarter. US Bancorp DE now owns 6,091 shares of the Wireless communications provider’s stock worth $97,000 after acquiring an additional 979 shares in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Telephone and Data Systems in the second quarter worth $118,000. 83.68% of the stock is currently owned by institutional investors and hedge funds.

Telephone and Data Systems Price Performance

TDS stock opened at $11.95 on Monday. The stock’s 50 day moving average is $12.04 and its two-hundred day moving average is $13.09. Telephone and Data Systems, Inc. has a 52-week low of $9.65 and a 52-week high of $21.00. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.16 and a current ratio of 1.34.

Telephone and Data Systems (NYSE:TDS – Get Rating) last issued its quarterly earnings results on Friday, February 17th. The Wireless communications provider reported ($0.38) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.38). The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.39 billion. Telephone and Data Systems had a net margin of 1.15% and a return on equity of 1.10%. During the same quarter in the previous year, the firm earned $0.11 earnings per share. On average, analysts predict that Telephone and Data Systems, Inc. will post -0.23 EPS for the current fiscal year.

Telephone and Data Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Wednesday, March 15th will be paid a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a yield of 6.19%. This is an increase from Telephone and Data Systems’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Tuesday, March 14th. Telephone and Data Systems’s dividend payout ratio (DPR) is -899.89%.

Analyst Ratings Changes

A number of brokerages recently weighed in on TDS. Morgan Stanley decreased their price target on shares of Telephone and Data Systems from $22.00 to $16.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 7th. StockNews.com downgraded Telephone and Data Systems from a “hold” rating to a “sell” rating in a report on Saturday, February 25th. JPMorgan Chase & Co. upgraded Telephone and Data Systems from an “underweight” rating to a “neutral” rating and decreased their price target for the stock from $21.00 to $14.00 in a report on Tuesday, November 8th. TheStreet lowered shares of Telephone and Data Systems from a “c-” rating to a “d+” rating in a research note on Thursday, December 1st. Finally, Raymond James downgraded shares of Telephone and Data Systems from a “strong-buy” rating to a “market perform” rating in a research note on Monday, November 7th. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the company. Based on data from MarketBeat.com, Telephone and Data Systems presently has an average rating of “Hold” and a consensus target price of $15.00.

Telephone and Data Systems Profile

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Telephone & Data Systems, Inc engages in the provision of wire line and cable broadband, video and voice services. It operates through the following segments: U.S. Cellular, Telephone and Data Systems (TDS) Telecom’s Wireline and Cable. The U.S. Cellular segment provides service to postpaid and prepaid customers from a variety of demographic segments.