Quantinno Capital Management LP Makes New $261,000 Investment in Telephone and Data Systems, Inc. (NYSE:TDS)

Quantinno Capital Management LP bought 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 filing with the SEC. The fund bought 7,663 shares of the Wireless communications provider’s stock, valued at approximately $261,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. acquired a new stake in shares of Telephone and Data Systems in the 4th quarter worth approximately $246,000. First Citizens Bank & Trust Co. purchased a new stake in Telephone and Data Systems in the 4th quarter valued at approximately $203,000. Blue Trust Inc. lifted its stake in Telephone and Data Systems by 235.7% in the 4th quarter. Blue Trust Inc. now owns 6,871 shares of the Wireless communications provider’s stock valued at $234,000 after buying an additional 4,824 shares in the last quarter. KBC Group NV lifted its stake in Telephone and Data Systems by 70.6% in the 4th quarter. KBC Group NV now owns 4,853 shares of the Wireless communications provider’s stock valued at $166,000 after buying an additional 2,008 shares in the last quarter. Finally, Invesco LLC purchased a new stake in Telephone and Data Systems in the 4th quarter valued at approximately $230,000. Institutional investors and hedge funds own 80.00% of the company’s stock.

Analyst Upgrades and Downgrades

TDS has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped their target price on 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. Raymond James reaffirmed an “outperform” rating and issued a $47.00 target price (down previously from $51.00) on shares of Telephone and Data Systems in a research note on Monday, May 5th.

Telephone and Data Systems Price Performance

TDS stock opened at $33.54 on Tuesday. Telephone and Data Systems, Inc. has a 1 year low of $16.64 and a 1 year high of $41.21. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.44 and a current ratio of 1.59. The stock’s 50 day moving average price is $35.86 and its 200 day moving average price is $35.21. The firm has a market cap of $3.82 billion, a P/E ratio of -6.21 and a beta of 0.57.

Telephone and Data Systems (NYSE:TDS) last issued its quarterly earnings results on Friday, May 2nd. The Wireless communications provider reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.07). Telephone and Data Systems had a positive return on equity of 1.12% and a negative net margin of 10.72%. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the prior year, the company earned $0.10 EPS. The company’s revenue for the quarter was down 8.6% compared to the same quarter last year. On average, sell-side analysts expect 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 firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend is Monday, June 16th. Telephone and Data Systems’s dividend payout ratio is presently -15.24%.

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.