Telephone and Data Systems, Inc. (NYSE:TDS) Stock Holdings Cut by Wells Fargo & Company MN

Wells Fargo & Company MN lessened its position in Telephone and Data Systems, Inc. (NYSE:TDS) by 30.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 119,606 shares of the Wireless communications provider’s stock after selling 52,555 shares during the period. Wells Fargo & Company MN owned approximately 0.11% of Telephone and Data Systems worth $4,080,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Norges Bank bought a new position in shares of Telephone and Data Systems during the 4th quarter valued at about $23,776,000. American Century Companies Inc. increased its holdings in shares of Telephone and Data Systems by 6.7% in the fourth quarter. American Century Companies Inc. now owns 3,229,568 shares of the Wireless communications provider’s stock valued at $110,161,000 after buying an additional 203,897 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Telephone and Data Systems by 42.3% during the 4th quarter. JPMorgan Chase & Co. now owns 652,603 shares of the Wireless communications provider’s stock valued at $22,260,000 after acquiring an additional 194,136 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Telephone and Data Systems during the 4th quarter worth $5,619,000. Finally, New Age Alpha Advisors LLC acquired a new position in shares of Telephone and Data Systems in the 4th quarter worth $3,718,000. Institutional investors and hedge funds own 80.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. increased their price target on Telephone and Data Systems from $53.00 to $56.00 and gave the company an “overweight” rating in a research report on Monday, February 24th.

Telephone and Data Systems Price Performance

TDS opened at $35.09 on Tuesday. The firm has a market capitalization of $4.00 billion, a P/E ratio of -6.50 and a beta of 0.62. The stock has a fifty day moving average of $36.57 and a 200-day moving average of $33.89. The company has a quick ratio of 1.44, a current ratio of 1.59 and a debt-to-equity ratio of 0.85. Telephone and Data Systems, Inc. has a 12-month low of $14.04 and a 12-month high of $41.21.

Telephone and Data Systems (NYSE:TDS) last released its earnings results on Friday, February 21st. The Wireless communications provider reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.32) by $0.23. The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Telephone and Data Systems had a positive return on equity of 1.12% and a negative net margin of 10.72%. Equities analysts forecast that Telephone and Data Systems, Inc. will post -0.31 EPS for the current fiscal year.

Telephone and Data Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date was Monday, March 17th. Telephone and Data Systems’s dividend payout ratio (DPR) is presently -18.60%.

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.