Loomis Sayles & Co. L P Increases Position in Telephone and Data Systems, Inc. (NYSE:TDS)

Loomis Sayles & Co. L P boosted its holdings in Telephone and Data Systems, Inc. (NYSE:TDS) by 35.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 523,150 shares of the Wireless communications provider’s stock after purchasing an additional 136,419 shares during the period. Loomis Sayles & Co. L P owned about 0.46% of Telephone and Data Systems worth $12,163,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its stake in shares of Telephone and Data Systems by 9.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,018,541 shares of the Wireless communications provider’s stock valued at $124,761,000 after buying an additional 507,512 shares during the last quarter. Millennium Management LLC boosted its stake in Telephone and Data Systems by 34.0% during the 2nd quarter. Millennium Management LLC now owns 1,950,298 shares of the Wireless communications provider’s stock valued at $40,430,000 after acquiring an additional 495,189 shares during the last quarter. Point72 Asset Management L.P. bought a new position in Telephone and Data Systems during the 2nd quarter valued at $7,680,000. Vanguard Group Inc. grew its holdings in Telephone and Data Systems by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 12,569,591 shares of the Wireless communications provider’s stock worth $201,365,000 after acquiring an additional 320,976 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of Telephone and Data Systems by 8.4% in the 2nd quarter. American Century Companies Inc. now owns 2,655,980 shares of the Wireless communications provider’s stock worth $55,058,000 after purchasing an additional 206,819 shares during the last quarter. Institutional investors and hedge funds own 80.00% of the company’s stock.

Telephone and Data Systems Price Performance

Telephone and Data Systems stock opened at $34.35 on Wednesday. Telephone and Data Systems, Inc. has a 1 year low of $13.69 and a 1 year high of $34.57. The firm’s 50-day moving average is $27.44 and its 200-day moving average is $23.24. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.44 and a current ratio of 1.59.

Telephone and Data Systems (NYSE:TDS) last issued its earnings results on Friday, November 1st. The Wireless communications provider reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.19. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Telephone and Data Systems had a negative net margin of 10.72% and a positive return on equity of 1.12%. Telephone and Data Systems’s revenue was down 4.2% on a year-over-year basis. During the same quarter last year, the company posted ($0.16) earnings per share. As a group, research analysts forecast that Telephone and Data Systems, Inc. will post -0.36 earnings per share for the current year.

Telephone and Data Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.47%. Telephone and Data Systems’s dividend payout ratio is currently -2.96%.

Wall Street Analyst Weigh In

A number of research firms recently commented on TDS. Raymond James upgraded Telephone and Data Systems from a “market perform” rating to an “outperform” rating and set a $51.00 price target for the company in a research note on Thursday, November 7th. JPMorgan Chase & Co. lifted their target price on Telephone and Data Systems from $39.00 to $40.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th.

Telephone and Data Systems 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.