WINTON GROUP Ltd Increases Stake in Telephone and Data Systems, Inc. $TDS

WINTON GROUP Ltd boosted its stake in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 1,924.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 165,657 shares of the Wireless communications provider’s stock after acquiring an additional 157,476 shares during the quarter. WINTON GROUP Ltd’s holdings in Telephone and Data Systems were worth $6,792,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Salomon & Ludwin LLC increased its position 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 valued at $28,000 after buying an additional 231 shares in the last quarter. CIBC Asset Management Inc boosted its stake in shares of Telephone and Data Systems by 2.4% in the fourth quarter. CIBC Asset Management Inc now owns 9,804 shares of the Wireless communications provider’s stock worth $402,000 after acquiring an additional 232 shares during the last quarter. HighTower Advisors LLC boosted its stake in Telephone and Data Systems by 4.3% during the fourth quarter. HighTower Advisors LLC now owns 5,866 shares of the Wireless communications provider’s stock worth $241,000 after buying an additional 240 shares during the last quarter. Bessemer Group Inc. boosted its stake in Telephone and Data Systems by 65.6% during the third quarter. Bessemer Group Inc. now owns 699 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 277 shares during the last quarter. Finally, Truist Financial Corp boosted its stake in Telephone and Data Systems by 0.9% during the third quarter. Truist Financial Corp now owns 36,829 shares of the Wireless communications provider’s stock worth $1,445,000 after buying an additional 316 shares during the last quarter. 80.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TDS has been the topic of several recent analyst reports. Weiss Ratings raised Telephone and Data Systems from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, February 24th. Raymond James Financial lowered Telephone and Data Systems from an “outperform” rating to a “market perform” rating in a research note on Monday, May 11th. Citigroup upped their price target on Telephone and Data Systems from $51.00 to $56.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. Finally, Wall Street Zen upgraded Telephone and Data Systems from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Telephone and Data Systems currently has a consensus rating of “Hold” and an average target price of $53.33.

Telephone and Data Systems Trading Down 1.2%

NYSE:TDS opened at $39.18 on Friday. The stock’s 50 day moving average price is $43.08 and its 200 day moving average price is $42.59. The company has a market capitalization of $4.46 billion, a PE ratio of 73.92 and a beta of 0.28. The company has a quick ratio of 3.42, a current ratio of 3.43 and a debt-to-equity ratio of 0.16. Telephone and Data Systems, Inc. has a 52-week low of $32.60 and a 52-week high of $49.12.

Telephone and Data Systems (NYSE:TDS) last released its quarterly earnings results on Friday, May 8th. The Wireless communications provider reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.87) by $1.98. The firm had revenue of $309.45 million for the quarter, compared to the consensus estimate of $313.28 million. Telephone and Data Systems had a return on equity of 5.54% and a net margin of 6.15%.The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the business posted ($0.09) EPS. On average, research analysts anticipate that Telephone and Data Systems, Inc. will post 0.94 EPS for the current year.

Telephone and Data Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Tuesday, June 16th. Telephone and Data Systems’s dividend payout ratio (DPR) 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.