Inceptionr LLC Sells 1,740 Shares of Telephone and Data Systems, Inc. (NYSE:TDS)

Inceptionr LLC reduced its stake in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 14.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 9,985 shares of the Wireless communications provider’s stock after selling 1,740 shares during the period. Inceptionr LLC’s holdings in Telephone and Data Systems were worth $341,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TDS. Silver Point Capital L.P. bought a new stake in Telephone and Data Systems during the 3rd quarter worth approximately $29,062,000. Raymond James Financial Inc. bought a new stake in Telephone and Data Systems during the 4th quarter worth approximately $5,619,000. Loomis Sayles & Co. L P increased its holdings in Telephone and Data Systems by 35.3% during the 3rd quarter. Loomis Sayles & Co. L P now owns 523,150 shares of the Wireless communications provider’s stock worth $12,163,000 after purchasing an additional 136,419 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Telephone and Data Systems by 66.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 284,906 shares of the Wireless communications provider’s stock worth $6,624,000 after purchasing an additional 113,862 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Telephone and Data Systems by 7.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,463,863 shares of the Wireless communications provider’s stock worth $34,035,000 after purchasing an additional 103,114 shares in the last quarter. 80.00% of the stock is owned by institutional investors.

Telephone and Data Systems Price Performance

Shares of NYSE TDS opened at $35.51 on Monday. Telephone and Data Systems, Inc. has a twelve month low of $14.04 and a twelve month high of $41.21. The stock’s 50 day moving average price is $35.87 and its 200-day moving average price is $30.92. The company has a market capitalization of $4.05 billion, a PE ratio of -6.58 and a beta of 0.75. The company has a quick ratio of 1.44, a current ratio of 1.59 and a debt-to-equity ratio of 0.85.

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

Telephone and Data Systems Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Monday, March 17th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.45%. Telephone and Data Systems’s payout ratio is presently -18.60%.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. boosted their price objective 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.