GAMMA Investing LLC Buys Shares of 4,858 Telephone and Data Systems, Inc. (NYSE:TDS)

GAMMA Investing LLC bought a new stake in shares of Telephone and Data Systems, Inc. (NYSE:TDS) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,858 shares of the Wireless communications provider’s stock, valued at approximately $93,000.

A number of other institutional investors and hedge funds have also bought and sold shares of TDS. Louisiana State Employees Retirement System bought a new position in shares of Telephone and Data Systems in the 4th quarter worth $905,000. FMR LLC raised its position in shares of Telephone and Data Systems by 6.8% in the 3rd quarter. FMR LLC now owns 1,116,774 shares of the Wireless communications provider’s stock worth $20,448,000 after acquiring an additional 70,832 shares in the last quarter. Barclays PLC raised its position in shares of Telephone and Data Systems by 134.2% in the 3rd quarter. Barclays PLC now owns 237,254 shares of the Wireless communications provider’s stock worth $4,344,000 after acquiring an additional 135,970 shares in the last quarter. Loomis Sayles & Co. L P bought a new position in shares of Telephone and Data Systems in the 3rd quarter worth $4,952,000. Finally, Deutsche Bank AG raised its position in shares of Telephone and Data Systems by 15.6% in the 3rd quarter. Deutsche Bank AG now owns 48,419 shares of the Wireless communications provider’s stock worth $887,000 after acquiring an additional 6,543 shares in the last quarter. 80.00% of the stock is owned by institutional investors.

Telephone and Data Systems Stock Up 1.6 %

Shares of NYSE:TDS opened at $16.04 on Tuesday. The business’s 50-day moving average is $15.52 and its 200 day moving average is $17.47. Telephone and Data Systems, Inc. has a 1 year low of $6.43 and a 1 year high of $21.75. The company has a quick ratio of 1.23, a current ratio of 1.40 and a debt-to-equity ratio of 0.83.

Telephone and Data Systems (NYSE:TDS) last announced its earnings results on Friday, February 16th. The Wireless communications provider reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.01. Telephone and Data Systems had a positive return on equity of 0.21% and a negative net margin of 9.69%. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period in the prior year, the company posted ($0.38) EPS. The firm’s quarterly revenue was down 3.2% compared to the same quarter last year. On average, analysts anticipate that Telephone and Data Systems, Inc. will post -1 earnings per share for the current fiscal year.

Telephone and Data Systems Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 4.74%. The ex-dividend date was Thursday, March 14th. This is an increase from Telephone and Data Systems’s previous quarterly dividend of $0.19. Telephone and Data Systems’s payout ratio is presently -15.05%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Telephone and Data Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, March 26th.

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.