Telephone and Data Systems, Inc. (NYSE:TDS) Shares Sold by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC lessened its position in Telephone and Data Systems, Inc. (NYSE:TDS) by 16.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 991,881 shares of the Wireless communications provider’s stock after selling 191,584 shares during the quarter. Telephone and Data Systems makes up about 0.8% of Bridgeway Capital Management LLC’s portfolio, making the stock its 4th biggest position. Bridgeway Capital Management LLC owned about 0.88% of Telephone and Data Systems worth $33,833,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Independence Bank of Kentucky acquired a new stake in shares of Telephone and Data Systems in the fourth quarter valued at approximately $41,000. Federated Hermes Inc. bought a new position in shares of Telephone and Data Systems in the 4th quarter valued at about $56,000. SBI Securities Co. Ltd. bought a new stake in shares of Telephone and Data Systems in the 4th quarter valued at about $74,000. Farther Finance Advisors LLC lifted its stake in Telephone and Data Systems by 74.5% in the 4th quarter. Farther Finance Advisors LLC now owns 2,707 shares of the Wireless communications provider’s stock valued at $92,000 after purchasing an additional 1,156 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in Telephone and Data Systems by 139.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,749 shares of the Wireless communications provider’s stock worth $128,000 after purchasing an additional 2,186 shares during the period. Institutional investors own 80.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of Telephone and Data Systems from $53.00 to $56.00 and gave the company an “overweight” rating in a report on Monday, February 24th. Raymond James reiterated an “outperform” rating and issued a $47.00 price target (down previously from $51.00) on shares of Telephone and Data Systems in a research note on Monday.

Telephone and Data Systems Trading Down 7.5 %

Shares of Telephone and Data Systems stock opened at $31.74 on Tuesday. The firm’s 50 day moving average is $36.10 and its 200 day moving average is $34.71. The firm has a market capitalization of $3.62 billion, a PE ratio of -5.88 and a beta of 0.62. Telephone and Data Systems, Inc. has a 1 year low of $14.52 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.

Telephone and Data Systems (NYSE:TDS) last posted its earnings results on Friday, May 2nd. The Wireless communications provider reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.07). 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 $1.15 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the prior year, the business posted $0.10 earnings per share. Telephone and Data Systems’s revenue for the quarter was down 8.6% compared to the same quarter last year. Equities research analysts forecast 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 was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.50%. The ex-dividend date was Monday, March 17th. Telephone and Data Systems’s payout ratio is presently -18.60%.

About Telephone and Data Systems

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.