LPL Financial LLC Takes Position in Telephone and Data Systems, Inc. (NYSE:TDS)

LPL Financial LLC bought a new position in Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 69,514 shares of the Wireless communications provider's stock, valued at approximately $2,371,000. LPL Financial LLC owned 0.06% of Telephone and Data Systems at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of TDS. Independence Bank of Kentucky bought a new stake in shares of Telephone and Data Systems in the fourth quarter worth $41,000. SBI Securities Co. Ltd. bought a new position in shares of Telephone and Data Systems during the fourth quarter worth about $74,000. Versant Capital Management Inc grew its stake in Telephone and Data Systems by 14.5% in the fourth quarter. Versant Capital Management Inc now owns 2,395 shares of the Wireless communications provider's stock worth $82,000 after purchasing an additional 303 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in 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 valued at $92,000 after buying an additional 1,156 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in 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 buying an additional 2,186 shares in the last quarter. Institutional investors and hedge funds own 80.00% of the company's stock.

Telephone and Data Systems Stock Performance

Telephone and Data Systems stock traded up $0.31 during mid-day trading on Friday, hitting $36.47. 982,835 shares of the company's stock traded hands, compared to its average volume of 1,086,499. Telephone and Data Systems, Inc. has a one year low of $14.04 and a one year high of $41.21. The company has a market cap of $4.16 billion, a PE ratio of -6.75 and a beta of 0.62. The firm has a 50 day moving average price of $36.63 and a 200 day moving average price of $33.66. The company has a quick ratio of 1.44, a current ratio of 1.59 and a debt-to-equity ratio of 0.85.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last announced its 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. 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 during the quarter, compared to analyst estimates of $1.23 billion. On average, equities analysts forecast that Telephone and Data Systems, Inc. will post -0.31 EPS for the current year.

Telephone and Data Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given 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 (DPR) is presently -18.60%.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. raised their price objective 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 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.