Invesco LLC Makes New $230,000 Investment in Telephone and Data Systems, Inc. (NYSE:TDS)

Invesco LLC purchased a new stake in shares of Telephone and Data Systems, Inc. (NYSE:TDS) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 6,747 shares of the Wireless communications provider’s stock, valued at approximately $230,000.

Several other institutional investors have also recently made changes to their positions in TDS. KBC Group NV boosted its stake in shares of Telephone and Data Systems by 70.6% during the 4th quarter. KBC Group NV now owns 4,853 shares of the Wireless communications provider’s stock worth $166,000 after acquiring an additional 2,008 shares during the last quarter. Blue Trust Inc. lifted its position in Telephone and Data Systems by 235.7% during the fourth quarter. Blue Trust Inc. now owns 6,871 shares of the Wireless communications provider’s stock valued at $234,000 after purchasing an additional 4,824 shares in the last quarter. First Citizens Bank & Trust Co. bought a new stake in Telephone and Data Systems during the fourth quarter valued at about $203,000. Crossmark Global Holdings Inc. purchased a new stake in Telephone and Data Systems in the fourth quarter worth about $246,000. Finally, Ballentine Partners LLC bought a new position in shares of Telephone and Data Systems in the fourth quarter worth about $257,000. Institutional investors own 80.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on TDS shares. Raymond James upgraded Telephone and Data Systems from a “market perform” rating to an “outperform” rating and set a $51.00 price objective for the company in a research note on Thursday, November 7th. JPMorgan Chase & Co. lifted their price target 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.

Telephone and Data Systems Price Performance

Shares of NYSE TDS traded up $0.40 during mid-day trading on Wednesday, reaching $36.13. The company’s stock had a trading volume of 82,145 shares, compared to its average volume of 732,553. The stock has a fifty day moving average of $34.21 and a two-hundred day moving average of $27.66. The firm has a market capitalization of $4.08 billion, a PE ratio of -6.73 and a beta of 0.81. Telephone and Data Systems, Inc. has a 52 week low of $13.69 and a 52 week high of $36.66. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.59 and a quick ratio of 1.44.

Telephone and Data Systems (NYSE:TDS) last announced its quarterly earnings data on Friday, November 1st. The Wireless communications provider reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.19. 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 $1.22 billion during the quarter, compared to analyst estimates of $1.24 billion. During the same period last year, the firm posted ($0.16) EPS. The company’s revenue was down 4.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Telephone and Data Systems, Inc. will post -0.31 EPS for the current fiscal year.

Telephone and Data Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.44%. The ex-dividend date was Monday, December 16th. Telephone and Data Systems’s payout ratio is currently -2.96%.

Telephone and Data Systems 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.