1 week Ago By Defense World Staff
JPMorgan Chase & Co. increased its holdings in Telephone and Data Systems, Inc. (NYSE:TDS – Free Report) by 42.
3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 652,603 shares of the Wireless communications provider’s stock after purchasing an additional 194,136 shares during the quarter. JPMorgan Chase & Co.
owned 0.58% of Telephone and Data Systems worth $22,260,000 at the end of the most recent quarter. Several other institutional investors and hedge funds have also added to or reduced their stakes in TDS.
TCW Group Inc. lifted its position in shares of Telephone and Data Systems by 3.2% during the 3rd quarter.
TCW Group Inc. now owns 566,832 shares of the Wireless communications provider’s stock valued at $13,179,000 after acquiring an additional 17,400 shares during the last quarter. Crossmark Global Holdings Inc.
acquired a new stake in shares of Telephone and Data Systems during the fourth quarter worth $246,000. CWA Asset Management Group LLC purchased a new stake in shares of Telephone and Data Systems during the fourth quarter valued at $710,000. Consolidated Planning Corp boosted its position in shares of Telephone and Data Systems by 35.
4% in the 4th quarter. Consolidated Planning Corp now owns 38,516 shares of the Wireless communications provider’s stock valued at $1,314,000 after purchasing an additional 10,063 shares during the period. Finally, Savant Capital LLC purchased a new position in Telephone and Data Systems in the 4th quarter worth about $203,000.
80.00% of the stock is owned by institutional investors and hedge funds. Telephone and Data Systems Stock PerformanceShares of Telephone and Data Systems stock opened at $36.
67 on Thursday. The stock has a market cap of $4.18 billion, a PE ratio of -6.
79 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 company has a quick ratio of 1.44, a current ratio of 1.59 and a debt-to-equity ratio of 0.
85. The business has a fifty day simple moving average of $36.68 and a 200-day simple moving average of $33.
11. Telephone and Data Systems (NYSE:TDS – Get Free Report) last released its earnings results on Friday, February 21st. The Wireless communications provider reported ($0.
09) earnings per share for the quarter, beating the consensus estimate of ($0.32) by $0.23.
The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.23 billion.
Telephone and Data Systems had a positive return on equity of 1.12% and a negative net margin of 10.72%.
On average, 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 DividendThe business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a dividend of $0.04 per share.
This represents a $0.16 annualized dividend and a dividend yield of 0.44%.
The ex-dividend date of this dividend was Monday, March 17th. Telephone and Data Systems’s dividend payout ratio is currently -18.60%.
Analyst Upgrades and DowngradesSeparately, JPMorgan Chase & Co. raised their target price on shares of Telephone and Data Systems from $53.00 to $56.
00 and gave the stock an “overweight” rating in a report on Monday, February 24th.Read Our Latest Research Report on TDSAbout Telephone and Data Systems (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.Read MoreFive stocks we like better than Telephone and Data SystemsWhat is a Secondary Public Offering? What Investors Need to KnowQuantum Computing: The $6.5 Billion Opportunity You Can’t IgnoreEV Stocks and How to Profit from Them Are Tariffs Threatening Disney’s Comeback Story?3 Must-Buy Warren Buffett Stocks for Volatile TimesIs Alphabet a Generational Buying Opportunity at These Levels?.
