Segall Bryant & Hamill LLC Makes New $1.03 Million Investment in Telephone and Data Systems, Inc. (NYSE:TDS)

Segall Bryant & Hamill LLC 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 and Exchange Commission. The fund purchased 30,084 shares of the Wireless communications provider’s stock, valued at approximately $1,026,000.

Other large investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its stake in Telephone and Data Systems by 7.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,463,863 shares of the Wireless communications provider’s stock valued at $34,035,000 after acquiring an additional 103,114 shares during the last quarter. Cerity Partners LLC lifted its stake in shares of Telephone and Data Systems by 19.3% in the 3rd quarter. Cerity Partners LLC now owns 20,078 shares of the Wireless communications provider’s stock valued at $467,000 after purchasing an additional 3,255 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Telephone and Data Systems by 7.5% in the third quarter. The Manufacturers Life Insurance Company now owns 54,845 shares of the Wireless communications provider’s stock worth $1,275,000 after purchasing an additional 3,824 shares in the last quarter. FMR LLC boosted its holdings in Telephone and Data Systems by 0.3% in the third 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 in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Telephone and Data Systems during the third quarter worth $1,574,000. Institutional investors own 80.00% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. upped their price target on Telephone and Data Systems from $53.00 to $56.00 and gave the stock an “overweight” rating in a research note on Monday, February 24th.

Telephone and Data Systems Price Performance

Shares of Telephone and Data Systems stock opened at $38.54 on Friday. Telephone and Data Systems, Inc. has a 1-year low of $14.04 and a 1-year high of $41.21. The firm has a fifty day simple moving average of $36.48 and a 200-day simple moving average of $32.16. The company has a current ratio of 1.59, a quick ratio of 1.44 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $4.39 billion, a price-to-earnings ratio of -7.14 and a beta of 0.75.

Telephone and Data Systems (NYSE:TDS) last released its quarterly earnings results on Friday, February 21st. The Wireless communications provider reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.32) by $0.23. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Telephone and Data Systems had a negative net margin of 10.72% and a positive return on equity of 1.12%. On average, sell-side analysts expect 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 will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.42%. The ex-dividend date is Monday, March 17th. Telephone and Data Systems’s dividend payout ratio is currently -18.60%.

Telephone and Data Systems Company 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.