Y Intercept Hong Kong Ltd Sells 16,276 Shares of Telephone and Data Systems, Inc. (NYSE:TDS)

Y Intercept Hong Kong Ltd lessened its position in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 47.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,817 shares of the Wireless communications provider’s stock after selling 16,276 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Telephone and Data Systems were worth $414,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. grew its holdings in Telephone and Data Systems by 4,082.9% in the second quarter. Blue Trust Inc. now owns 1,715 shares of the Wireless communications provider’s stock worth $36,000 after purchasing an additional 1,674 shares during the last quarter. Quarry LP purchased a new position in Telephone and Data Systems during the 2nd quarter worth $40,000. CWM LLC increased its position in Telephone and Data Systems by 57.0% during the 2nd quarter. CWM LLC now owns 3,939 shares of the Wireless communications provider’s stock valued at $82,000 after buying an additional 1,430 shares in the last quarter. Neo Ivy Capital Management purchased a new stake in Telephone and Data Systems in the second quarter valued at about $88,000. Finally, Nisa Investment Advisors LLC boosted its holdings in Telephone and Data Systems by 14.0% in the second quarter. Nisa Investment Advisors LLC now owns 5,146 shares of the Wireless communications provider’s stock worth $107,000 after acquiring an additional 630 shares in the last quarter. Hedge funds and other institutional investors own 80.00% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TDS shares. JPMorgan Chase & Co. upped their price objective on shares of Telephone and Data Systems from $39.00 to $40.00 and gave the company an “overweight” rating in a report 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 price target for the company in a report on Thursday, November 7th.

Telephone and Data Systems Stock Down 1.8 %

Shares of TDS stock opened at $34.55 on Tuesday. Telephone and Data Systems, Inc. has a fifty-two week low of $13.69 and a fifty-two week high of $35.39. The firm has a market capitalization of $3.90 billion, a PE ratio of -6.40 and a beta of 0.81. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.44 and a current ratio of 1.59. The stock’s 50-day simple moving average is $30.49 and its 200-day simple moving average is $24.70.

Telephone and Data Systems (NYSE:TDS) last issued its quarterly earnings results on Friday, November 1st. The Wireless communications provider reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.19. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.24 billion. Telephone and Data Systems had a negative net margin of 10.72% and a positive return on equity of 1.12%. Telephone and Data Systems’s quarterly revenue was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.16) EPS. Equities analysts expect that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current year.

Telephone and Data Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.46%. Telephone and Data Systems’s payout ratio is currently -2.96%.

Telephone and Data Systems Company 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.