Choreo LLC Decreases Holdings in Telephone and Data Systems, Inc. (NYSE:TDS)

Choreo LLC trimmed its holdings in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 30.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,702 shares of the Wireless communications provider’s stock after selling 4,785 shares during the quarter. Choreo LLC’s holdings in Telephone and Data Systems were worth $364,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. State Street Corp raised its position in shares of Telephone and Data Systems by 1.6% during the 3rd quarter. State Street Corp now owns 4,039,070 shares of the Wireless communications provider’s stock valued at $93,908,000 after buying an additional 65,432 shares in the last quarter. Geode Capital Management LLC raised its position in Telephone and Data Systems by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,291,071 shares of the Wireless communications provider’s stock worth $53,278,000 after purchasing an additional 43,470 shares during the period. Charles Schwab Investment Management Inc. raised its position in Telephone and Data Systems by 7.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,463,863 shares of the Wireless communications provider’s stock worth $34,035,000 after purchasing an additional 103,114 shares during the period. Silver Point Capital L.P. purchased a new stake in Telephone and Data Systems in the 3rd quarter worth about $29,062,000. Finally, FMR LLC raised its position in Telephone and Data Systems by 0.3% in the 3rd quarter. FMR LLC now owns 1,152,579 shares of the Wireless communications provider’s stock worth $26,797,000 after purchasing an additional 3,002 shares during the period. 80.00% of the stock is currently owned by hedge funds and other institutional investors.

Telephone and Data Systems Trading Up 1.4 %

Shares of Telephone and Data Systems stock opened at $37.96 on Thursday. Telephone and Data Systems, Inc. has a 1 year low of $13.69 and a 1 year high of $38.30. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.59 and a quick ratio of 1.44. The firm has a fifty day moving average price of $34.81 and a 200 day moving average price of $28.82. The stock has a market cap of $4.29 billion, a PE ratio of -7.03 and a beta of 0.80.

Telephone and Data Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date of this dividend was Monday, December 16th. Telephone and Data Systems’s dividend payout ratio (DPR) is -2.96%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of Telephone and Data Systems from $39.00 to $40.00 and gave the stock an “overweight” rating in a research 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 objective on the stock in a research report on Thursday, November 7th.

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.