Illinois Municipal Retirement Fund Decreases Stock Holdings in Telephone and Data Systems, Inc. (NYSE:TDS)

Illinois Municipal Retirement Fund trimmed its holdings in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 2.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 51,941 shares of the Wireless communications provider’s stock after selling 1,421 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Telephone and Data Systems were worth $1,772,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in TDS. Versant Capital Management Inc raised its position in Telephone and Data Systems by 14.5% during the fourth quarter. Versant Capital Management Inc now owns 2,395 shares of the Wireless communications provider’s stock valued at $82,000 after purchasing an additional 303 shares during the period. GAMMA Investing LLC raised its holdings in Telephone and Data Systems by 8.3% during the 4th quarter. GAMMA Investing LLC now owns 5,742 shares of the Wireless communications provider’s stock valued at $196,000 after buying an additional 440 shares during the period. Aigen Investment Management LP raised its holdings in Telephone and Data Systems by 5.3% during the 3rd quarter. Aigen Investment Management LP now owns 13,589 shares of the Wireless communications provider’s stock valued at $316,000 after buying an additional 685 shares during the period. Quarry LP raised its holdings in Telephone and Data Systems by 35.5% during the 3rd quarter. Quarry LP now owns 2,643 shares of the Wireless communications provider’s stock valued at $61,000 after buying an additional 692 shares during the period. Finally, Innealta Capital LLC raised its holdings in Telephone and Data Systems by 8.0% during the 3rd quarter. Innealta Capital LLC now owns 11,313 shares of the Wireless communications provider’s stock valued at $263,000 after buying an additional 835 shares during the period. 80.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TDS has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased their target price on shares of Telephone and Data Systems from $53.00 to $56.00 and gave the company an “overweight” rating in a research note on Monday, February 24th. 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 Trading Up 1.5 %

TDS stock opened at $36.08 on Friday. The company has a market capitalization of $4.08 billion, a PE ratio of -6.68 and a beta of 0.80. Telephone and Data Systems, Inc. has a 12 month low of $14.04 and a 12 month high of $41.21. The firm’s 50-day moving average is $35.82 and its 200 day moving average is $30.28. 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 (NYSE:TDS) last issued its earnings results on Friday, February 21st. The Wireless communications provider reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.23. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates 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%. On average, research analysts anticipate that Telephone and Data Systems, Inc. will post -0.31 EPS for the current year.

Telephone and Data Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.04 per share. The ex-dividend date is Monday, March 17th. This represents a $0.16 annualized dividend and a yield of 0.44%. Telephone and Data Systems’s payout ratio is currently -18.60%.

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.