Allianz Asset Management GmbH Invests $2.21 Million in Telephone and Data Systems, Inc. (NYSE:TDS)

Allianz Asset Management GmbH purchased a new stake in shares of Telephone and Data Systems, Inc. (NYSE:TDSFree Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 120,407 shares of the Wireless communications provider’s stock, valued at approximately $2,209,000. Allianz Asset Management GmbH owned approximately 0.11% of Telephone and Data Systems at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of TDS. TCW Group Inc. grew its stake in Telephone and Data Systems by 4.4% during the 4th quarter. TCW Group Inc. now owns 260,153 shares of the Wireless communications provider’s stock valued at $4,774,000 after acquiring an additional 11,000 shares in the last quarter. Franklin Resources Inc. grew its position in Telephone and Data Systems by 4.1% during the fourth quarter. Franklin Resources Inc. now owns 74,215 shares of the Wireless communications provider’s stock valued at $1,362,000 after purchasing an additional 2,892 shares in the last quarter. Quest Partners LLC acquired a new position in Telephone and Data Systems in the 4th quarter valued at approximately $116,000. Dynamic Technology Lab Private Ltd lifted its position in Telephone and Data Systems by 18.9% in the 4th quarter. Dynamic Technology Lab Private Ltd now owns 33,915 shares of the Wireless communications provider’s stock worth $622,000 after buying an additional 5,397 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Telephone and Data Systems during the 4th quarter valued at $8,205,000. 80.00% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on TDS shares. JPMorgan Chase & Co. dropped their price target on shares of Telephone and Data Systems from $36.00 to $34.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 29th. StockNews.com raised Telephone and Data Systems from a “sell” rating to a “hold” rating in a research note on Monday, May 6th.

Get Our Latest Research Report on TDS

Telephone and Data Systems Stock Down 4.1 %

Telephone and Data Systems stock opened at $21.45 on Friday. Telephone and Data Systems, Inc. has a 1-year low of $6.99 and a 1-year high of $23.35. The firm’s fifty day simple moving average is $17.62 and its 200-day simple moving average is $17.57. The company has a current ratio of 1.58, a quick ratio of 1.40 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $2.42 billion, a P/E ratio of -4.40 and a beta of 0.84.

Telephone and Data Systems (NYSE:TDSGet Free Report) last released its quarterly earnings results on Friday, May 3rd. The Wireless communications provider reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.15. Telephone and Data Systems had a negative net margin of 9.36% and a positive return on equity of 0.62%. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter last year, the firm posted ($0.08) earnings per share. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. Sell-side analysts forecast that Telephone and Data Systems, Inc. will post -0.34 earnings per share for the current fiscal year.

Telephone and Data Systems Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.04 per share. The ex-dividend date is Friday, June 14th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.75%. Telephone and Data Systems’s dividend payout ratio (DPR) is presently -15.61%.

Telephone and Data Systems Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Telephone and Data Systems (NYSE:TDS)

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