Inceptionr LLC Has $341,000 Position in Telephone and Data Systems, Inc. (NYSE:TDS)

Inceptionr LLC cut its stake in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 14.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,985 shares of the Wireless communications provider’s stock after selling 1,740 shares during the quarter. Inceptionr LLC’s holdings in Telephone and Data Systems were worth $341,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Versant Capital Management Inc lifted its holdings in Telephone and Data Systems by 14.5% during the 4th quarter. Versant Capital Management Inc now owns 2,395 shares of the Wireless communications provider’s stock worth $82,000 after buying an additional 303 shares during the period. GAMMA Investing LLC raised its position in shares of Telephone and Data Systems by 8.3% in the 4th quarter. GAMMA Investing LLC now owns 5,742 shares of the Wireless communications provider’s stock worth $196,000 after acquiring an additional 440 shares in the last quarter. Aigen Investment Management LP raised its position in shares of Telephone and Data Systems by 5.3% in the 3rd quarter. Aigen Investment Management LP now owns 13,589 shares of the Wireless communications provider’s stock worth $316,000 after acquiring an additional 685 shares in the last quarter. Quarry LP raised its position in shares of Telephone and Data Systems by 35.5% in the 3rd quarter. Quarry LP now owns 2,643 shares of the Wireless communications provider’s stock worth $61,000 after acquiring an additional 692 shares in the last quarter. Finally, Independence Bank of Kentucky bought a new position in shares of Telephone and Data Systems in the 4th quarter worth about $41,000. 80.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Telephone and Data Systems Stock Performance

TDS stock opened at $35.51 on Monday. The stock has a 50-day moving average price of $35.87 and a 200-day moving average price of $30.92. Telephone and Data Systems, Inc. has a 1-year low of $14.04 and a 1-year high of $41.21. The company has a current ratio of 1.59, a quick ratio of 1.44 and a debt-to-equity ratio of 0.85. The firm has a market cap of $4.05 billion, a PE ratio of -6.58 and a beta of 0.75.

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, 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 analyst estimates of $1.23 billion. As a group, equities research analysts expect that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current year.

Telephone and Data Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend is Monday, March 17th. Telephone and Data Systems’s payout ratio is -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.