Callan Family Office LLC Invests $363,000 in Telephone and Data Systems, Inc. (NYSE:TDS)

Callan Family Office LLC acquired a new stake in Telephone and Data Systems, Inc. (NYSE:TDS) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 10,649 shares of the Wireless communications provider’s stock, valued at approximately $363,000.

Several other hedge funds have also recently added to or reduced their stakes in TDS. Independence Bank of Kentucky purchased a new stake in shares of Telephone and Data Systems during the fourth quarter worth $41,000. Quarry LP boosted its position in Telephone and Data Systems by 35.5% during the third quarter. Quarry LP now owns 2,643 shares of the Wireless communications provider’s stock worth $61,000 after acquiring an additional 692 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Telephone and Data Systems during the 4th quarter valued at about $74,000. Versant Capital Management Inc raised its holdings in Telephone and Data Systems by 14.5% in the 4th quarter. Versant Capital Management Inc now owns 2,395 shares of the Wireless communications provider’s stock valued at $82,000 after acquiring an additional 303 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in Telephone and Data Systems by 139.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,749 shares of the Wireless communications provider’s stock valued at $128,000 after acquiring an additional 2,186 shares during the last quarter. 80.00% of the stock is owned by institutional investors and hedge funds.

Telephone and Data Systems Stock Down 9.0 %

NYSE TDS opened at $32.23 on Tuesday. The business’s fifty day simple moving average is $35.84 and its 200-day simple moving average is $31.00. The company has a quick ratio of 1.44, a current ratio of 1.59 and a debt-to-equity ratio of 0.85. The firm has a market cap of $3.67 billion, a PE ratio of -5.97 and a beta of 0.75. Telephone and Data Systems, Inc. has a 52 week low of $14.04 and a 52 week high of $41.21.

Telephone and Data Systems (NYSE:TDS) last announced its quarterly earnings results on Friday, February 21st. The Wireless communications provider reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.23. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. Telephone and Data Systems had a negative net margin of 10.72% and a positive return on equity of 1.12%. As a group, equities analysts anticipate that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current year.

Telephone and Data Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend is Monday, March 17th. Telephone and Data Systems’s dividend payout ratio (DPR) is -18.60%.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. boosted their target price on Telephone and Data Systems from $53.00 to $56.00 and gave the stock an “overweight” rating in a report on Monday, February 24th.

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.