Callan Family Office LLC Buys New Stake in Telephone and Data Systems, Inc. (NYSE:TDS)

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

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TDS. State Street Corp boosted its stake in shares of Telephone and Data Systems by 1.6% in the third quarter. State Street Corp now owns 4,039,070 shares of the Wireless communications provider’s stock worth $93,908,000 after buying an additional 65,432 shares during the last quarter. Geode Capital Management LLC boosted its position in Telephone and Data Systems by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,291,071 shares of the Wireless communications provider’s stock worth $53,278,000 after purchasing an additional 43,470 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Telephone and Data Systems by 7.6% in 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. Silver Point Capital L.P. acquired a new stake in shares of Telephone and Data Systems during the 3rd quarter worth approximately $29,062,000. Finally, FMR LLC increased its holdings in shares of Telephone and Data Systems by 0.3% during the 3rd quarter. FMR LLC now owns 1,152,579 shares of the Wireless communications provider’s stock valued at $26,797,000 after purchasing an additional 3,002 shares in the last quarter. 80.00% of the stock is owned by institutional investors and hedge funds.

Telephone and Data Systems Price Performance

Shares of Telephone and Data Systems stock opened at $32.23 on Tuesday. The firm has a market cap of $3.67 billion, a PE ratio of -5.97 and a beta of 0.75. The business has a 50-day moving average price of $35.84 and a 200 day moving average price of $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. Telephone and Data Systems, Inc. has a twelve month low of $14.04 and a twelve month high of $41.21.

Telephone and Data Systems (NYSE:TDS) last posted its quarterly earnings data on Friday, February 21st. The Wireless communications provider reported ($0.09) EPS for the quarter, beating 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 business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Sell-side analysts predict that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current fiscal year.

Telephone and Data Systems Dividend Announcement

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

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. increased their price target on shares of 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.