4,858 Shares in Telephone and Data Systems, Inc. (NYSE:TDS) Acquired by GAMMA Investing LLC

GAMMA Investing LLC acquired a new position in Telephone and Data Systems, Inc. (NYSE:TDS) in the 4th quarter, Holdings Channel reports. The firm acquired 4,858 shares of the Wireless communications provider’s stock, valued at approximately $93,000.

Several other hedge funds also recently added to or reduced their stakes in TDS. Anchor Investment Management LLC purchased a new position in Telephone and Data Systems in the fourth quarter worth approximately $46,000. Neo Ivy Capital Management purchased a new position in shares of Telephone and Data Systems during the third quarter worth $109,000. Waldron Private Wealth LLC purchased a new position in shares of Telephone and Data Systems during the third quarter worth $201,000. PNC Financial Services Group Inc. boosted its position in shares of Telephone and Data Systems by 104.5% during the third quarter. PNC Financial Services Group Inc. now owns 19,043 shares of the Wireless communications provider’s stock worth $349,000 after buying an additional 9,730 shares during the period. Finally, SteelPeak Wealth LLC boosted its position in shares of Telephone and Data Systems by 19.3% during the third quarter. SteelPeak Wealth LLC now owns 19,608 shares of the Wireless communications provider’s stock worth $359,000 after buying an additional 3,167 shares during the period. 80.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Telephone and Data Systems Price Performance

NYSE:TDS opened at $16.04 on Tuesday. The stock has a fifty day moving average price of $15.52 and a 200 day moving average price of $17.47. Telephone and Data Systems, Inc. has a 12-month low of $6.43 and a 12-month high of $21.75. The company has a current ratio of 1.40, a quick ratio of 1.23 and a debt-to-equity ratio of 0.83.

Telephone and Data Systems (NYSE:TDS) last released its earnings results on Friday, February 16th. The Wireless communications provider reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.01. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.28 billion. Telephone and Data Systems had a positive return on equity of 0.21% and a negative net margin of 9.69%. Telephone and Data Systems’s revenue was down 3.2% compared to the same quarter last year. During the same period last year, the business posted ($0.38) earnings per share. Equities analysts expect that Telephone and Data Systems, Inc. will post -1 earnings per share for the current fiscal year.

Telephone and Data Systems Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a $0.19 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from Telephone and Data Systems’s previous quarterly dividend of $0.19. This represents a $0.76 dividend on an annualized basis and a yield of 4.74%. Telephone and Data Systems’s dividend payout ratio (DPR) is -15.05%.

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.