LPL Financial LLC acquired a new position in Telephone and Data Systems, Inc. (NYSE:TDS – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 69,514 shares of the Wireless communications provider’s stock, valued at approximately $2,371,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of TDS. Versant Capital Management Inc increased its holdings in Telephone and Data Systems by 14.5% in the 4th quarter. Versant Capital Management Inc now owns 2,395 shares of the Wireless communications provider’s stock worth $82,000 after buying an additional 303 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Telephone and Data Systems by 8.3% in the 4th quarter. GAMMA Investing LLC now owns 5,742 shares of the Wireless communications provider’s stock valued at $196,000 after acquiring an additional 440 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of Telephone and Data Systems by 74.5% in the fourth quarter. Farther Finance Advisors LLC now owns 2,707 shares of the Wireless communications provider’s stock worth $92,000 after acquiring an additional 1,156 shares during the period. Independence Bank of Kentucky purchased a new position in shares of Telephone and Data Systems during the fourth quarter worth $41,000. Finally, Swiss National Bank raised its holdings in shares of Telephone and Data Systems by 0.8% during the fourth quarter. Swiss National Bank now owns 198,100 shares of the Wireless communications provider’s stock worth $6,757,000 after purchasing an additional 1,500 shares during the last quarter. Institutional investors and hedge funds own 80.00% of the company’s stock.
Wall Street Analyst Weigh In
Separately, JPMorgan Chase & Co. upped their price target on shares of Telephone and Data Systems from $53.00 to $56.00 and gave the company an “overweight” rating in a report on Monday, February 24th.
View Our Latest Stock Analysis on Telephone and Data Systems
Telephone and Data Systems Trading Up 0.6 %
Telephone and Data Systems stock opened at $35.66 on Monday. The firm has a market cap of $4.07 billion, a PE ratio of -6.60 and a beta of 0.62. Telephone and Data Systems, Inc. has a 12 month low of $14.04 and a 12 month high of $41.21. The stock’s 50 day simple moving average is $36.68 and its two-hundred day simple moving average is $33.35. The company has a current ratio of 1.59, a quick ratio of 1.44 and a debt-to-equity ratio of 0.85.
Telephone and Data Systems (NYSE:TDS – Get Free Report) last announced its quarterly earnings results on Friday, February 21st. The Wireless communications provider reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.23. Telephone and Data Systems had a negative net margin of 10.72% and a positive return on equity of 1.12%. The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.23 billion. Analysts anticipate that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current year.
Telephone and Data Systems Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a $0.04 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.16 annualized dividend and a dividend yield of 0.45%. Telephone and Data Systems’s dividend payout ratio is presently -18.60%.
Telephone and Data Systems Profile
(Free Report)
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.
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