Telephone and Data Systems, Inc. (NYSE:TDS) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets trimmed its position in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 35.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,464 shares of the Wireless communications provider’s stock after selling 9,509 shares during the period. BNP Paribas Financial Markets’ holdings in Telephone and Data Systems were worth $596,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ballentine Partners LLC acquired a new stake in Telephone and Data Systems in the 4th quarter valued at $257,000. Crossmark Global Holdings Inc. bought a new position in Telephone and Data Systems in the fourth quarter worth about $246,000. First Citizens Bank & Trust Co. acquired a new stake in shares of Telephone and Data Systems in the fourth quarter valued at approximately $203,000. Blue Trust Inc. increased its stake in shares of Telephone and Data Systems by 235.7% in the fourth quarter. Blue Trust Inc. now owns 6,871 shares of the Wireless communications provider’s stock valued at $234,000 after purchasing an additional 4,824 shares during the period. Finally, KBC Group NV increased its stake in shares of Telephone and Data Systems by 70.6% during the fourth quarter. KBC Group NV now owns 4,853 shares of the Wireless communications provider’s stock valued at $166,000 after acquiring an additional 2,008 shares during the period. 80.00% of the stock is currently owned by institutional investors and hedge funds.

Telephone and Data Systems Stock Down 0.9%

Telephone and Data Systems stock opened at $33.54 on Friday. The company has a market capitalization of $3.82 billion, a P/E ratio of -6.21 and a beta of 0.57. The firm’s fifty day simple moving average is $35.89 and its 200-day simple moving average is $35.16. The company has a current ratio of 1.59, a quick ratio of 1.44 and a debt-to-equity ratio of 0.85. Telephone and Data Systems, Inc. has a 1-year low of $16.64 and a 1-year high of $41.21.

Telephone and Data Systems (NYSE:TDS) last announced its earnings results on Friday, May 2nd. The Wireless communications provider reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.07). The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.18 billion. Telephone and Data Systems had a positive return on equity of 1.12% and a negative net margin of 10.72%. The business’s revenue was down 8.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.10 EPS. Sell-side analysts forecast that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current fiscal year.

Telephone and Data Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a $0.04 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.16 annualized dividend and a yield of 0.48%. Telephone and Data Systems’s dividend payout ratio is -15.24%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TDS. Raymond James restated an “outperform” rating and set a $47.00 target price (down from $51.00) on shares of Telephone and Data Systems in a report on Monday, May 5th. JPMorgan Chase & Co. lifted their target price on shares of Telephone and Data Systems from $53.00 to $56.00 and gave the company an “overweight” rating in a research note on Monday, February 24th.

Telephone and Data Systems 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.