15,053 Shares in Telephone and Data Systems, Inc. (NYSE:TDS) Bought by Duality Advisers LP

Posted by Defense World Staff on May 9th, 2023

Duality Advisers LP bought a new position in Telephone and Data Systems, Inc. (NYSE:TDS – Get Rating) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 15,053 shares of the Wireless communications provider’s stock, valued at approximately $158,000.

A number of other large investors also recently added to or reduced their stakes in the business. State Street Corp increased its position in shares of Telephone and Data Systems by 24.1% in the third quarter. State Street Corp now owns 20,495,659 shares of the Wireless communications provider’s stock valued at $284,890,000 after acquiring an additional 3,981,000 shares during the period. Vanguard Group Inc. raised its holdings in shares of Telephone and Data Systems by 1.5% during the third quarter. Vanguard Group Inc. now owns 11,889,657 shares of the Wireless communications provider’s stock valued at $165,266,000 after purchasing an additional 180,301 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Telephone and Data Systems by 0.9% during the third quarter. Dimensional Fund Advisors LP now owns 6,953,873 shares of the Wireless communications provider’s stock valued at $96,662,000 after purchasing an additional 59,685 shares during the last quarter. Private Management Group Inc. raised its holdings in shares of Telephone and Data Systems by 17.8% during the fourth quarter. Private Management Group Inc. now owns 3,297,974 shares of the Wireless communications provider’s stock valued at $34,596,000 after purchasing an additional 497,664 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Telephone and Data Systems by 24.9% during the first quarter. Invesco Ltd. now owns 1,983,980 shares of the Wireless communications provider’s stock valued at $37,456,000 after purchasing an additional 395,166 shares during the last quarter. Hedge funds and other institutional investors own 83.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. StockNews.com initiated coverage on shares of Telephone and Data Systems in a report on Thursday, March 16th. They set a “sell” rating for the company. Morgan Stanley dropped their price target on shares of Telephone and Data Systems from $22.00 to $16.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 7th. One equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $15.00.

Telephone and Data Systems Trading Down 6.1 %

Shares of TDS opened at $7.45 on Tuesday. Telephone and Data Systems, Inc. has a twelve month low of $6.73 and a twelve month high of $18.90. The company’s fifty day simple moving average is $10.49 and its 200-day simple moving average is $11.41. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.55 and a quick ratio of 1.33.

Telephone and Data Systems (NYSE:TDS – Get Rating) last posted its earnings results on Thursday, May 4th. The Wireless communications provider reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.14). Telephone and Data Systems had a net margin of 0.17% and a return on equity of 0.16%. The business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same period last year, the business posted $0.37 EPS. On average, equities research analysts expect that Telephone and Data Systems, Inc. will post -0.29 earnings per share for the current year.

Telephone and Data Systems Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 31st. Shareholders of record on Wednesday, March 15th were issued a $0.185 dividend. The ex-dividend date was Tuesday, March 14th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 9.93%. This is a boost from Telephone and Data Systems’s previous quarterly dividend of $0.18. Telephone and Data Systems’s dividend payout ratio (DPR) is currently -139.62%.

Telephone and Data Systems Company Profile

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Telephone & Data Systems, Inc is a diversified telecommunications company, which engages in the provision of communications services, retail wireless connections, broadband, video, and voice connections. It operates through the following segments: UScellular, TDS Telecom, and Corporate, Eliminations, and Other.