17,436 Shares in Telephone and Data Systems, Inc. $TDS Bought by T3 Companies LLC

T3 Companies LLC acquired a new stake in Telephone and Data Systems, Inc. (NYSE:TDS) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 17,436 shares of the Wireless communications provider’s stock, valued at approximately $715,000. Telephone and Data Systems makes up about 0.9% of T3 Companies LLC’s portfolio, making the stock its 23rd biggest holding.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Salomon & Ludwin LLC increased its holdings in Telephone and Data Systems by 51.3% during the 4th quarter. Salomon & Ludwin LLC now owns 681 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 231 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of Telephone and Data Systems by 65.6% in the third quarter. Bessemer Group Inc. now owns 699 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 277 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Telephone and Data Systems by 121.3% in the third quarter. Jones Financial Companies Lllp now owns 830 shares of the Wireless communications provider’s stock valued at $31,000 after purchasing an additional 455 shares in the last quarter. JPL Wealth Management LLC acquired a new position in shares of Telephone and Data Systems during the third quarter worth about $33,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Telephone and Data Systems by 191.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,311 shares of the Wireless communications provider’s stock worth $47,000 after buying an additional 861 shares during the period. 80.00% of the stock is owned by institutional investors and hedge funds.

Telephone and Data Systems Price Performance

Shares of NYSE TDS opened at $39.93 on Thursday. The company has a quick ratio of 3.42, a current ratio of 3.43 and a debt-to-equity ratio of 0.16. The business’s 50 day moving average price is $42.91 and its two-hundred day moving average price is $42.66. The company has a market cap of $4.54 billion, a PE ratio of 75.33 and a beta of 0.28. Telephone and Data Systems, Inc. has a twelve month low of $32.60 and a twelve month high of $49.12.

Telephone and Data Systems (NYSE:TDS) last released its quarterly earnings data on Friday, May 8th. The Wireless communications provider reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.87) by $1.98. Telephone and Data Systems had a return on equity of 5.54% and a net margin of 6.15%.The company had revenue of $309.45 million during the quarter, compared to analysts’ expectations of $313.28 million. During the same period last year, the firm posted ($0.09) earnings per share. The business’s revenue was up 6.5% on a year-over-year basis. On average, analysts predict that Telephone and Data Systems, Inc. will post 0.94 EPS for the current year.

Telephone and Data Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Tuesday, June 16th. Telephone and Data Systems’s dividend payout ratio is 30.19%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Raymond James Financial lowered Telephone and Data Systems from an “outperform” rating to a “market perform” rating in a research report on Monday, May 11th. Citigroup raised their price target on shares of Telephone and Data Systems from $51.00 to $56.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. Wall Street Zen upgraded shares of Telephone and Data Systems from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Telephone and Data Systems in a research report on Friday, June 5th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Telephone and Data Systems has an average rating of “Hold” and a consensus price target of $53.33.

Telephone and Data Systems Company Profile

Telephone and Data Systems, Inc (NYSE: TDS) is a diversified telecommunications company headquartered in Chicago, Illinois. Through its subsidiaries, the company provides a broad array of communications services, including wireless voice and data, wireline broadband and voice, cable television, and managed IT and cloud solutions. Its two primary operating units—TDS Telecom and U.S. Cellular—serve residential, business and wholesale customers across the United States.

TDS Telecom focuses on delivering broadband internet, digital voice, video and data communications services in primarily rural and suburban markets.