Jacobs Levy Equity Management Inc. Acquires New Position in Telephone and Data Systems, Inc. (NYSE:TDS)

Jacobs Levy Equity Management Inc. purchased a new stake in shares of Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 16,222 shares of the Wireless communications provider's stock, valued at approximately $553,000.

Other institutional investors have also added to or reduced their stakes in the company. Independence Bank of Kentucky bought a new position in Telephone and Data Systems in the 4th quarter worth $41,000. Federated Hermes Inc. bought a new position in Telephone and Data Systems in the 4th quarter worth $56,000. SBI Securities Co. Ltd. bought a new position in Telephone and Data Systems in the 4th quarter worth $74,000. Farther Finance Advisors LLC raised its holdings in Telephone and Data Systems by 74.5% in the 4th quarter. Farther Finance Advisors LLC now owns 2,707 shares of the Wireless communications provider's stock worth $92,000 after purchasing an additional 1,156 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in Telephone and Data Systems by 139.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,749 shares of the Wireless communications provider's stock worth $128,000 after purchasing an additional 2,186 shares in the last quarter. 80.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of 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. Raymond James reiterated an "outperform" rating and issued a $47.00 price target (down from $51.00) on shares of Telephone and Data Systems in a research note on Monday, May 5th.

Telephone and Data Systems Stock Down 0.9%

Shares of Telephone and Data Systems stock traded down $0.29 during trading on Friday, hitting $33.54. The company's stock had a trading volume of 836,982 shares, compared to its average volume of 1,048,771. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.44 and a current ratio of 1.59. The company has a fifty day simple moving average of $35.89 and a two-hundred day simple moving average of $35.16. The company has a market capitalization of $3.82 billion, a PE ratio of -6.21 and a beta of 0.57. Telephone and Data Systems, Inc. has a 52 week low of $16.64 and a 52 week high of $41.21.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The Wireless communications provider reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.07). 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 $1.15 billion for the quarter, compared to analysts' expectations of $1.18 billion. During the same period last year, the company posted $0.10 earnings per share. The business's revenue for the quarter was down 8.6% compared to the same quarter last year. Equities research analysts predict that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current year.

Telephone and Data Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.48%. The ex-dividend date is Monday, June 16th. Telephone and Data Systems's dividend payout ratio (DPR) is -15.24%.

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.