T3 Companies LLC bought a new position in shares of Telephone and Data Systems, Inc. (NYSE:TDS – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 17,436 shares of the Wireless communications provider’s stock, valued at approximately $715,000. Telephone and Data Systems comprises 0.9% of T3 Companies LLC’s investment portfolio, making the stock its 23rd largest position.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bessemer Group Inc. grew its holdings in Telephone and Data Systems by 65.6% during the 3rd quarter. Bessemer Group Inc. now owns 699 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 277 shares during the last quarter. Salomon & Ludwin LLC raised its stake in shares of Telephone and Data Systems by 51.3% in the fourth quarter. Salomon & Ludwin LLC now owns 681 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 231 shares during the last quarter. Jones Financial Companies Lllp raised its stake 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 worth $31,000 after acquiring an additional 455 shares during the last quarter. JPL Wealth Management LLC acquired a new position in shares of Telephone and Data Systems during the third quarter worth approximately $33,000. Finally, EverSource Wealth Advisors LLC lifted 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 purchasing an additional 861 shares in the last quarter. 80.00% of the stock is currently owned by institutional investors and hedge funds.
Telephone and Data Systems Price Performance
TDS opened at $39.93 on Thursday. The stock has a market cap of $4.54 billion, a P/E ratio of 75.33 and a beta of 0.28. Telephone and Data Systems, Inc. has a 12 month low of $32.60 and a 12 month high of $49.12. 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 company has a fifty day simple moving average of $42.91 and a 200 day simple moving average of $42.66.
Telephone and Data Systems Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be given a $0.04 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $0.16 annualized dividend and a dividend yield of 0.4%. Telephone and Data Systems’s payout ratio is currently 30.19%.
Analyst Ratings Changes
TDS has been the subject of a number of research reports. 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. Citigroup lifted their target price on Telephone and Data Systems from $51.00 to $56.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Telephone and Data Systems in a research report on Friday, June 5th. Finally, Wall Street Zen raised Telephone and Data Systems from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $53.33.
Read Our Latest Analysis on TDS
Telephone and Data Systems 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.
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