Mutual of America Capital Management LLC Has $341,000 Holdings in Telephone and Data Systems, Inc. (NYSE:TDS)

Mutual of America Capital Management LLC cut its stake in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 9.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,668 shares of the Wireless communications provider’s stock after selling 1,535 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Telephone and Data Systems were worth $341,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of TDS. Dimensional Fund Advisors LP boosted its stake in Telephone and Data Systems by 9.2% during the second quarter. Dimensional Fund Advisors LP now owns 6,018,541 shares of the Wireless communications provider’s stock worth $124,761,000 after acquiring an additional 507,512 shares in the last quarter. Millennium Management LLC boosted its stake in Telephone and Data Systems by 34.0% during the second quarter. Millennium Management LLC now owns 1,950,298 shares of the Wireless communications provider’s stock worth $40,430,000 after acquiring an additional 495,189 shares in the last quarter. Point72 Asset Management L.P. bought a new position in Telephone and Data Systems during the second quarter worth $7,680,000. Vanguard Group Inc. boosted its stake in Telephone and Data Systems by 2.6% during the first quarter. Vanguard Group Inc. now owns 12,569,591 shares of the Wireless communications provider’s stock worth $201,365,000 after acquiring an additional 320,976 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in Telephone and Data Systems by 8.4% during the second quarter. American Century Companies Inc. now owns 2,655,980 shares of the Wireless communications provider’s stock worth $55,058,000 after acquiring an additional 206,819 shares in the last quarter. 80.00% of the stock is owned by institutional investors.

Telephone and Data Systems Stock Down 0.6 %

Telephone and Data Systems stock opened at $34.12 on Friday. Telephone and Data Systems, Inc. has a 1-year low of $13.69 and a 1-year high of $34.76. The firm has a market capitalization of $3.86 billion, a price-to-earnings ratio of -6.32 and a beta of 0.77. The firm’s fifty day moving average price is $27.87 and its two-hundred day moving average price is $23.39. The company has a current ratio of 1.59, a quick ratio of 1.44 and a debt-to-equity ratio of 0.85.

Telephone and Data Systems (NYSE:TDS) last released its quarterly earnings data on Friday, November 1st. The Wireless communications provider reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.19. Telephone and Data Systems had a negative net margin of 10.72% and a positive return on equity of 1.12%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same period last year, the firm earned ($0.16) earnings per share. The business’s quarterly revenue was down 4.2% compared to the same quarter last year. On average, equities research analysts predict that Telephone and Data Systems, Inc. will post -0.36 earnings per share for the current fiscal year.

Telephone and Data Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date is Monday, December 16th. Telephone and Data Systems’s payout ratio is currently -2.96%.

Analyst Upgrades and Downgrades

TDS has been the topic of several research analyst reports. JPMorgan Chase & Co. increased their target price on shares of Telephone and Data Systems from $39.00 to $40.00 and gave the stock an “overweight” rating in a research note 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 target price on the stock in a research note 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.