GABELLI & Co INVESTMENT ADVISERS INC. Sells 43,428 Shares of Telephone and Data Systems, Inc. $TDS

GABELLI & Co INVESTMENT ADVISERS INC. lowered its stake in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 79.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,000 shares of the Wireless communications provider’s stock after selling 43,428 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC.’s holdings in Telephone and Data Systems were worth $451,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of TDS. Royal Bank of Canada raised its position in shares of Telephone and Data Systems by 25.8% during the first quarter. Royal Bank of Canada now owns 42,165 shares of the Wireless communications provider’s stock valued at $1,633,000 after buying an additional 8,640 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Telephone and Data Systems by 21.3% during the first quarter. AQR Capital Management LLC now owns 67,125 shares of the Wireless communications provider’s stock valued at $2,574,000 after buying an additional 11,769 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Telephone and Data Systems by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 58,721 shares of the Wireless communications provider’s stock valued at $2,275,000 after buying an additional 2,572 shares during the last quarter. United Services Automobile Association bought a new stake in shares of Telephone and Data Systems during the first quarter valued at approximately $248,000. Finally, Russell Investments Group Ltd. raised its position in shares of Telephone and Data Systems by 358.3% during the second quarter. Russell Investments Group Ltd. now owns 27,043 shares of the Wireless communications provider’s stock valued at $962,000 after buying an additional 21,142 shares during the last quarter. Institutional investors own 80.00% of the company’s stock.

Telephone and Data Systems Trading Up 0.1%

Shares of TDS opened at $40.53 on Monday. The company’s fifty day moving average is $44.08 and its 200 day moving average is $42.50. Telephone and Data Systems, Inc. has a fifty-two week low of $32.60 and a fifty-two week high of $49.12. The stock has a market capitalization of $4.61 billion, a PE ratio of 76.48 and a beta of 0.33. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.42 and a current ratio of 3.43.

Telephone and Data Systems (NYSE:TDS) last posted its quarterly earnings data on Friday, May 8th. The Wireless communications provider reported $1.11 EPS for the quarter, topping the consensus estimate of ($0.87) by $1.98. The company had revenue of $309.45 million during the quarter, compared to analyst estimates of $313.28 million. Telephone and Data Systems had a net margin of 6.15% and a return on equity of 5.54%. Telephone and Data Systems’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.09) earnings per share. Sell-side analysts expect that Telephone and Data Systems, Inc. will post 0.94 earnings per share for the current fiscal year.

Telephone and Data Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, March 16th. Telephone and Data Systems’s payout ratio is presently 30.19%.

Analysts Set New Price Targets

Several brokerages recently weighed in on TDS. Weiss Ratings upgraded shares of Telephone and Data Systems from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, February 24th. Citigroup boosted their price target on shares of Telephone and Data Systems from $51.00 to $56.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Raymond James Financial cut shares of Telephone and Data Systems from an “outperform” rating to a “market perform” rating in a research report on Monday, May 11th. Finally, Wall Street Zen cut shares of Telephone and Data Systems from a “hold” rating to a “sell” rating in a research report on Sunday. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Telephone and Data Systems has a consensus rating of “Hold” and an average price target of $53.33.

About Telephone and Data Systems

Telephone and Data Systems, Inc (NYSE: TDS) is a diversified telecommunications company headquartered in Chicago, Illinois. Through its subsidiaries, the company provides a broad array of communications services, including wireless voice and data, wireline broadband and voice, cable television, and managed IT and cloud solutions. Its two primary operating units—TDS Telecom and U.S. Cellular—serve residential, business and wholesale customers across the United States.

TDS Telecom focuses on delivering broadband internet, digital voice, video and data communications services in primarily rural and suburban markets.