Jupiter Asset Management Ltd. Boosts Stake in Telephone and Data Systems, Inc. (NYSE:TDS)

Jupiter Asset Management Ltd. raised its position in Telephone and Data Systems, Inc. (NYSE:TDS) by 7.7% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 756,160 shares of the Wireless communications provider’s stock after purchasing an additional 54,115 shares during the period. Jupiter Asset Management Ltd.’s holdings in Telephone and Data Systems were worth $12,114,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TDS. Principal Securities Inc. purchased a new stake in Telephone and Data Systems in the 4th quarter valued at about $25,000. Quarry LP purchased a new stake in Telephone and Data Systems in the 4th quarter valued at about $60,000. GAMMA Investing LLC purchased a new stake in Telephone and Data Systems in the 4th quarter valued at about $93,000. Quadrant Capital Group LLC grew its position in shares of Telephone and Data Systems by 14.0% during the 4th quarter. Quadrant Capital Group LLC now owns 5,062 shares of the Wireless communications provider’s stock valued at $93,000 after acquiring an additional 622 shares during the period. Finally, Quest Partners LLC bought a new position in shares of Telephone and Data Systems during the 4th quarter valued at approximately $116,000. Hedge funds and other institutional investors own 80.00% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on TDS. JPMorgan Chase & Co. reduced their target price on shares of Telephone and Data Systems from $36.00 to $34.00 and set an “overweight” rating for the company in a research report on Wednesday, May 29th. StockNews.com raised shares of Telephone and Data Systems from a “sell” rating to a “hold” rating in a research report on Monday, May 6th.

Telephone and Data Systems Stock Performance

Shares of Telephone and Data Systems stock traded down $0.55 on Friday, reaching $21.35. 745,653 shares of the company traded hands, compared to its average volume of 1,110,390. Telephone and Data Systems, Inc. has a 52 week low of $7.64 and a 52 week high of $23.35. The company has a 50 day moving average of $20.30 and a 200 day moving average of $17.92. The firm has a market capitalization of $2.41 billion, a PE ratio of -4.38 and a beta of 0.84. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.58 and a quick ratio of 1.40.

Telephone and Data Systems (NYSE:TDS) last released its quarterly earnings data on Friday, May 3rd. The Wireless communications provider reported $0.10 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.15. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.26 billion. Telephone and Data Systems had a negative net margin of 9.36% and a positive return on equity of 0.62%. Telephone and Data Systems’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same period last year, the firm earned ($0.08) EPS. Equities analysts forecast that Telephone and Data Systems, Inc. will post -0.33 earnings per share for the current year.

Telephone and Data Systems Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend was Friday, June 14th. Telephone and Data Systems’s dividend payout ratio (DPR) is presently -3.29%.

Telephone and Data Systems Company Profile

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.