Voya Investment Management LLC Grows Stock Position in Telephone and Data Systems, Inc. (NYSE:TDS)

Voya Investment Management LLC boosted its holdings in Telephone and Data Systems, Inc. (NYSE:TDS) by 1.6% during the fourth quarter, HoldingsChannel reports. The fund owned 52,577 shares of the Wireless communications provider’s stock after buying an additional 808 shares during the period. Voya Investment Management LLC’s holdings in Telephone and Data Systems were worth $1,793,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. World Investment Advisors LLC purchased a new position in shares of Telephone and Data Systems during the 3rd quarter worth $294,000. Franklin Resources Inc. boosted its stake in Telephone and Data Systems by 2.5% during the third quarter. Franklin Resources Inc. now owns 78,508 shares of the Wireless communications provider’s stock worth $1,855,000 after buying an additional 1,938 shares during the period. Versant Capital Management Inc increased its position in shares of Telephone and Data Systems by 14.5% during the fourth quarter. Versant Capital Management Inc now owns 2,395 shares of the Wireless communications provider’s stock valued at $82,000 after acquiring an additional 303 shares during the last quarter. GAMMA Investing LLC raised its stake 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 valued at $196,000 after acquiring an additional 440 shares during the period. Finally, CWA Asset Management Group LLC purchased a new position in shares of Telephone and Data Systems during the 4th quarter worth approximately $710,000. Institutional investors and hedge funds own 80.00% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Telephone and Data Systems Stock Performance

Shares of Telephone and Data Systems stock opened at $34.46 on Monday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.59 and a quick ratio of 1.44. The stock has a market capitalization of $3.93 billion, a price-to-earnings ratio of -6.38 and a beta of 0.62. The business has a 50-day moving average of $36.18 and a 200 day moving average of $34.69. Telephone and Data Systems, Inc. has a 12 month low of $14.52 and a 12 month high of $41.21.

Telephone and Data Systems (NYSE:TDS) last announced its quarterly earnings data on Friday, May 2nd. The Wireless communications provider reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same quarter last year, the firm posted $0.10 EPS. The company’s revenue for the quarter was down 8.6% on a year-over-year basis. As a group, sell-side analysts forecast that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current year.

Telephone and Data Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date was Monday, March 17th. Telephone and Data Systems’s dividend payout ratio is currently -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.