Geode Capital Management LLC Increases Position in Telephone and Data Systems, Inc. $TDS

Geode Capital Management LLC raised its position in Telephone and Data Systems, Inc. (NYSE:TDS) by 2.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,415,553 shares of the Wireless communications provider’s stock after acquiring an additional 66,814 shares during the period. Geode Capital Management LLC’s holdings in Telephone and Data Systems were worth $99,053,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Salomon & Ludwin LLC boosted its holdings in Telephone and Data Systems by 51.3% in the 4th quarter. Salomon & Ludwin LLC now owns 681 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 231 shares during the last quarter. Bessemer Group Inc. boosted its holdings in Telephone and Data Systems by 65.6% in the 3rd 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 during the last quarter. Jones Financial Companies Lllp boosted its holdings in Telephone and Data Systems by 121.3% in the 3rd 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 during the last quarter. JPL Wealth Management LLC acquired a new position in Telephone and Data Systems in the 3rd quarter valued at about $33,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in Telephone and Data Systems by 191.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,311 shares of the Wireless communications provider’s stock valued at $47,000 after purchasing an additional 861 shares during the last quarter. 80.00% of the stock is currently owned by institutional investors and hedge funds.

Telephone and Data Systems Stock Down 1.2%

Telephone and Data Systems stock opened at $39.18 on Friday. Telephone and Data Systems, Inc. has a fifty-two week low of $32.60 and a fifty-two week high of $49.12. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.42 and a current ratio of 3.43. The firm has a 50 day moving average price of $43.08 and a 200 day moving average price of $42.59. The company has a market capitalization of $4.46 billion, a PE ratio of 73.92 and a beta of 0.28.

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

Telephone and Data Systems Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Raymond James Financial lowered shares of Telephone and Data Systems from an “outperform” rating to a “market perform” rating in a report on Monday, May 11th. 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. Citigroup boosted their target price on shares of Telephone and Data Systems from $51.00 to $56.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Finally, Weiss Ratings upgraded shares of Telephone and Data Systems from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, February 24th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $53.33.

About Telephone and Data Systems

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.