49,300 Shares in Telephone and Data Systems, Inc. (NYSE:TDS) Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new position in shares of Telephone and Data Systems, Inc. (NYSE:TDS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 49,300 shares of the Wireless communications provider’s stock, valued at approximately $905,000.

Several other hedge funds have also bought and sold shares of the business. Meeder Asset Management Inc. boosted its stake in Telephone and Data Systems by 18.4% during the fourth quarter. Meeder Asset Management Inc. now owns 25,007 shares of the Wireless communications provider’s stock worth $459,000 after acquiring an additional 3,884 shares in the last quarter. Diversified Trust Co raised its holdings in Telephone and Data Systems by 4.5% in the fourth quarter. Diversified Trust Co now owns 28,082 shares of the Wireless communications provider’s stock worth $515,000 after buying an additional 1,217 shares during the last quarter. Anchor Investment Management LLC purchased a new position in Telephone and Data Systems in the fourth quarter worth about $46,000. American Century Companies Inc. raised its holdings in Telephone and Data Systems by 9.9% in the third quarter. American Century Companies Inc. now owns 1,579,230 shares of the Wireless communications provider’s stock worth $28,916,000 after buying an additional 142,844 shares during the last quarter. Finally, Neo Ivy Capital Management purchased a new position in Telephone and Data Systems in the third quarter worth about $109,000. Institutional investors own 80.00% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Telephone and Data Systems from a “hold” rating to a “sell” rating in a report on Tuesday, March 26th.

Telephone and Data Systems Stock Down 3.3 %

TDS opened at $15.55 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.40 and a debt-to-equity ratio of 0.83. The firm has a 50 day moving average price of $15.44 and a 200-day moving average price of $17.50. Telephone and Data Systems, Inc. has a twelve month low of $6.43 and a twelve month high of $21.75. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of -3.08 and a beta of 0.81.

Telephone and Data Systems (NYSE:TDS) last released its quarterly earnings data on Friday, February 16th. The Wireless communications provider reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.01. Telephone and Data Systems had a negative net margin of 9.69% and a positive return on equity of 0.21%. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the previous year, the company earned ($0.38) earnings per share. The firm’s quarterly revenue was down 3.2% on a year-over-year basis. Equities research analysts forecast that Telephone and Data Systems, Inc. will post -1 earnings per share for the current year.

Telephone and Data Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 4.89%. This is a boost from Telephone and Data Systems’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, March 14th. Telephone and Data Systems’s payout ratio is presently -15.05%.

Telephone and Data Systems Company 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.