Sentinel Dome Partners LLC Invests $4.92 Million in Telephone and Data Systems, Inc. $TDS

Sentinel Dome Partners LLC acquired a new stake in shares of Telephone and Data Systems, Inc. (NYSE:TDS) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 120,000 shares of the Wireless communications provider’s stock, valued at approximately $4,920,000. Telephone and Data Systems makes up 3.3% of Sentinel Dome Partners LLC’s investment portfolio, making the stock its 9th largest position.

Other institutional investors and hedge funds have also modified their holdings of the company. Salomon & Ludwin LLC increased its stake in Telephone and Data Systems by 51.3% during the 4th quarter. Salomon & Ludwin LLC now owns 681 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 231 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in Telephone and Data Systems by 121.3% during the 3rd quarter. Jones Financial Companies Lllp now owns 830 shares of the Wireless communications provider’s stock worth $31,000 after buying an additional 455 shares during the period. JPL Wealth Management LLC bought a new position in Telephone and Data Systems in the third quarter valued at approximately $33,000. Caitong International Asset Management Co. Ltd lifted its stake in Telephone and Data Systems by 2,779.5% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,123 shares of the Wireless communications provider’s stock valued at $46,000 after buying an additional 1,084 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Telephone and Data Systems by 191.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,311 shares of the Wireless communications provider’s stock valued at $47,000 after buying an additional 861 shares during the period. 80.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on TDS. 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Telephone and Data Systems in a report on Friday, June 5th. Wall Street Zen raised Telephone and Data Systems from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. Finally, Citigroup boosted their price target on Telephone and Data Systems from $51.00 to $56.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Telephone and Data Systems presently has an average rating of “Hold” and an average price target of $53.33.

Telephone and Data Systems Stock Down 0.2%

Shares of TDS stock opened at $39.52 on Friday. The firm’s fifty day moving average price is $42.22 and its two-hundred day moving average price is $42.66. The company has a current ratio of 3.43, a quick ratio of 3.42 and a debt-to-equity ratio of 0.16. Telephone and Data Systems, Inc. has a 1 year low of $32.60 and a 1 year high of $49.12. The firm has a market capitalization of $4.50 billion, a P/E ratio of 74.57 and a beta of 0.28.

Telephone and Data Systems (NYSE:TDS) last announced its quarterly earnings data 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. The company had revenue of $309.45 million during the quarter, compared to analysts’ expectations of $313.27 million. Telephone and Data Systems had a return on equity of 5.54% and a net margin of 6.15%.Telephone and Data Systems’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter last year, the company earned ($0.09) EPS. On average, equities analysts predict that Telephone and Data Systems, Inc. will post 0.94 EPS for the current fiscal year.

Telephone and Data Systems Dividend Announcement

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

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.