TCW Group Inc. Acquires 5,300 Shares of Telephone and Data Systems, Inc. (NYSE:TDS)

TCW Group Inc. grew its holdings in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 0.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 572,132 shares of the Wireless communications provider’s stock after buying an additional 5,300 shares during the period. TCW Group Inc. owned approximately 0.51% of Telephone and Data Systems worth $19,515,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Silver Point Capital L.P. bought a new stake in shares of Telephone and Data Systems in the 3rd quarter valued at $29,062,000. Loomis Sayles & Co. L P boosted its position in shares of 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. boosted its position in shares of 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. Charles Schwab Investment Management Inc. boosted its position in shares of 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. Finally, Point72 Asset Management L.P. boosted its position in shares of Telephone and Data Systems by 26.9% during the 3rd quarter. Point72 Asset Management L.P. now owns 470,018 shares of the Wireless communications provider’s stock worth $10,928,000 after purchasing an additional 99,520 shares in the last quarter. Institutional investors and hedge funds own 80.00% of the company’s stock.

Telephone and Data Systems Trading Down 4.1 %

TDS opened at $38.00 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.59 and a quick ratio of 1.44. Telephone and Data Systems, Inc. has a fifty-two week low of $13.92 and a fifty-two week high of $41.21. The firm has a market capitalization of $4.29 billion, a PE ratio of -7.04 and a beta of 0.80. The company’s 50-day moving average is $35.59 and its 200 day moving average is $29.73.

Telephone and Data Systems (NYSE:TDS) last posted 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 negative net margin of 10.72% and a positive return on equity of 1.12%. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.23 billion. As a group, research analysts predict that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current fiscal year.

Telephone and Data Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.04 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.42%. Telephone and Data Systems’s dividend payout ratio is presently -18.60%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of 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. Raymond James raised shares of Telephone and Data Systems from a “market perform” rating to an “outperform” rating and set a $51.00 price objective on the stock in a research report on Thursday, November 7th.

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.