ProShare Advisors LLC Boosts Holdings in Telephone and Data Systems, Inc. (NYSE:TDS)

ProShare Advisors LLC boosted its holdings in shares of Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 44.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 29,706 shares of the Wireless communications provider's stock after purchasing an additional 9,150 shares during the quarter. ProShare Advisors LLC's holdings in Telephone and Data Systems were worth $1,013,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Independence Bank of Kentucky bought a new stake in Telephone and Data Systems during the fourth quarter worth approximately $41,000. Federated Hermes Inc. bought a new position in Telephone and Data Systems in the fourth quarter worth approximately $56,000. SBI Securities Co. Ltd. purchased a new position in shares of Telephone and Data Systems during the fourth quarter valued at $74,000. Farther Finance Advisors LLC boosted its stake in shares of Telephone and Data Systems by 74.5% during the fourth quarter. Farther Finance Advisors LLC now owns 2,707 shares of the Wireless communications provider's stock valued at $92,000 after purchasing an additional 1,156 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Telephone and Data Systems by 139.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,749 shares of the Wireless communications provider's stock valued at $128,000 after purchasing an additional 2,186 shares in the last quarter. Institutional investors own 80.00% of the company's stock.

Telephone and Data Systems Price Performance

NYSE:TDS traded down $0.26 during trading hours on Wednesday, reaching $34.78. 86,633 shares of the company were exchanged, compared to its average volume of 1,047,875. Telephone and Data Systems, Inc. has a twelve month low of $16.64 and a twelve month high of $41.21. 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's 50-day moving average is $35.84 and its 200-day moving average is $35.21. The firm has a market cap of $3.96 billion, a PE ratio of -6.45 and a beta of 0.57.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The Wireless communications provider reported ($0.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.18 billion. During the same quarter last year, the company earned $0.10 earnings per share. Telephone and Data Systems's revenue for the quarter was down 8.6% on a year-over-year basis. On average, sell-side analysts anticipate that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current fiscal year.

Telephone and Data Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date is Monday, June 16th. Telephone and Data Systems's dividend payout ratio (DPR) is presently -15.24%.

Analysts Set New Price Targets

TDS has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their target price 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. Raymond James restated an "outperform" rating and issued a $47.00 price objective (down previously from $51.00) on shares of Telephone and Data Systems in a research report on Monday, May 5th.

Telephone and Data Systems 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.