140 Summer Partners LP Raises Position in Telephone and Data Systems, Inc. $TDS

140 Summer Partners LP raised its holdings in Telephone and Data Systems, Inc. (NYSE:TDS) by 5.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,315,306 shares of the Wireless communications provider’s stock after acquiring an additional 66,148 shares during the period. Telephone and Data Systems makes up 4.0% of 140 Summer Partners LP’s investment portfolio, making the stock its 15th largest position. 140 Summer Partners LP’s holdings in Telephone and Data Systems were worth $53,928,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Carronade Capital Management LP increased its position in shares of Telephone and Data Systems by 8.5% during the 3rd quarter. Carronade Capital Management LP now owns 3,680,500 shares of the Wireless communications provider’s stock valued at $144,423,000 after purchasing an additional 288,000 shares during the last quarter. Segall Bryant & Hamill LLC lifted its position in Telephone and Data Systems by 244.2% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 45,152 shares of the Wireless communications provider’s stock worth $1,772,000 after buying an additional 32,035 shares during the last quarter. SG Americas Securities LLC boosted its stake in Telephone and Data Systems by 343.6% in the fourth quarter. SG Americas Securities LLC now owns 39,597 shares of the Wireless communications provider’s stock worth $1,623,000 after buying an additional 30,670 shares in the last quarter. Oaktree Capital Management LP bought a new position in Telephone and Data Systems during the third quarter valued at approximately $144,732,000. Finally, Assenagon Asset Management S.A. grew its position in Telephone and Data Systems by 208.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 301,529 shares of the Wireless communications provider’s stock valued at $12,363,000 after acquiring an additional 203,856 shares during the last quarter. Institutional investors own 80.00% of the company’s stock.

Telephone and Data Systems Trading Down 1.4%

Shares of NYSE:TDS opened at $39.26 on Wednesday. The stock’s fifty day moving average price is $42.57 and its 200-day moving average price is $42.69. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.43 and a quick ratio of 3.42. The company has a market cap of $4.47 billion, a P/E ratio of 74.07 and a beta of 0.28. Telephone and Data Systems, Inc. has a 1 year low of $32.60 and a 1 year high of $49.12.

Telephone and Data Systems (NYSE:TDS) last released its quarterly earnings data on Friday, May 8th. The Wireless communications provider reported $1.11 earnings per share for the quarter, beating the consensus estimate of ($0.87) by $1.98. Telephone and Data Systems had a net margin of 6.15% and a return on equity of 5.54%. The firm had revenue of $309.45 million during the quarter, compared to analysts’ expectations of $313.28 million. During the same period in the previous year, the company earned ($0.09) earnings per share. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. Sell-side analysts expect that Telephone and Data Systems, Inc. will post 0.94 earnings per share for the current year.

Telephone and Data Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be paid a dividend of $0.04 per share. The ex-dividend date is Tuesday, June 16th. This represents a $0.16 dividend on an annualized basis and a yield of 0.4%. Telephone and Data Systems’s dividend payout ratio (DPR) is presently 30.19%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on TDS shares. Wall Street Zen upgraded shares of Telephone and Data Systems from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. Raymond James Financial cut shares of Telephone and Data Systems from an “outperform” rating to a “market perform” rating in a research report on Monday, May 11th. Weiss Ratings restated a “hold (c)” rating on shares of Telephone and Data Systems in a report on Friday, June 5th. Finally, Citigroup lifted their price objective on Telephone and Data Systems from $51.00 to $56.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $53.33.

Telephone and Data Systems Company Profile

Telephone and Data Systems, Inc (NYSE: TDS) is a diversified telecommunications company headquartered in Chicago, Illinois. Through its subsidiaries, the company provides a broad array of communications services, including wireless voice and data, wireline broadband and voice, cable television, and managed IT and cloud solutions. Its two primary operating units—TDS Telecom and U.S. Cellular—serve residential, business and wholesale customers across the United States.

TDS Telecom focuses on delivering broadband internet, digital voice, video and data communications services in primarily rural and suburban markets.