Semanteon Capital Management LP Invests $292,000 in Telephone and Data Systems, Inc. (NYSE:TDS)

Semanteon Capital Management LP purchased a new stake in shares of Telephone and Data Systems, Inc. (NYSE:TDS) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 15,911 shares of the Wireless communications provider’s stock, valued at approximately $292,000.

Several other hedge funds have also bought and sold shares of the stock. Anchor Investment Management LLC purchased a new position in shares of Telephone and Data Systems during the 4th quarter valued at approximately $46,000. GAMMA Investing LLC purchased a new position in Telephone and Data Systems in the fourth quarter valued at $93,000. Neo Ivy Capital Management acquired a new position in shares of Telephone and Data Systems in the third quarter worth about $109,000. Waldron Private Wealth LLC purchased a new stake in shares of Telephone and Data Systems during the 3rd quarter worth about $201,000. Finally, PNC Financial Services Group Inc. grew its position in shares of Telephone and Data Systems by 104.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 19,043 shares of the Wireless communications provider’s stock valued at $349,000 after acquiring an additional 9,730 shares during the period. Hedge funds and other institutional investors own 80.00% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Telephone and Data Systems Trading Up 1.5 %

Shares of NYSE:TDS opened at $15.78 on Friday. The business’s 50 day moving average price is $15.48 and its 200-day moving average price is $17.49. The company has a current ratio of 1.40, a quick ratio of 1.23 and a debt-to-equity ratio of 0.83. Telephone and Data Systems, Inc. has a 1 year low of $6.43 and a 1 year high of $21.75.

Telephone and Data Systems (NYSE:TDS) last posted its quarterly earnings data 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. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.28 billion. Telephone and Data Systems had a negative net margin of 9.69% and a positive return on equity of 0.21%. The company’s revenue was down 3.2% compared to the same quarter last year. During the same period last year, the firm posted ($0.38) earnings per share. Research analysts anticipate that Telephone and Data Systems, Inc. will post -1 earnings per share for the current year.

Telephone and Data Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 4.82%. This is a boost from Telephone and Data Systems’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, March 14th. Telephone and Data Systems’s payout ratio is presently -15.05%.

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.