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

Segall Bryant & Hamill LLC bought a new stake in Telephone and Data Systems, Inc. (NYSE:TDS) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 30,084 shares of the Wireless communications provider’s stock, valued at approximately $1,026,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Versant Capital Management Inc raised its holdings in Telephone and Data Systems by 14.5% in the 4th quarter. Versant Capital Management Inc now owns 2,395 shares of the Wireless communications provider’s stock valued at $82,000 after acquiring an additional 303 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Telephone and Data Systems by 8.3% in the fourth quarter. GAMMA Investing LLC now owns 5,742 shares of the Wireless communications provider’s stock valued at $196,000 after purchasing an additional 440 shares in the last quarter. Quarry LP lifted its position in Telephone and Data Systems by 35.5% in the third quarter. Quarry LP now owns 2,643 shares of the Wireless communications provider’s stock worth $61,000 after purchasing an additional 692 shares during the period. Farther Finance Advisors LLC boosted its stake in 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 worth $92,000 after buying an additional 1,156 shares in the last quarter. Finally, Independence Bank of Kentucky bought a new stake in Telephone and Data Systems in the 4th quarter valued at $41,000. 80.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Telephone and Data Systems Trading Down 0.6 %

Shares of TDS opened at $38.54 on Friday. 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 cap of $4.39 billion, a PE ratio of -7.14 and a beta of 0.75. Telephone and Data Systems, Inc. has a 1 year low of $14.04 and a 1 year high of $41.21. The stock has a 50 day simple moving average of $36.48 and a 200-day simple moving average of $32.16.

Telephone and Data Systems (NYSE:TDS) last released its quarterly earnings data on Friday, February 21st. The Wireless communications provider reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.32) by $0.23. Telephone and Data Systems had a positive return on equity of 1.12% and a negative net margin of 10.72%. The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.23 billion. On average, sell-side analysts predict that Telephone and Data Systems, Inc. will post -0.31 EPS for the current fiscal year.

Telephone and Data Systems Announces Dividend

The company 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. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.16 dividend on an annualized basis and a yield of 0.42%. Telephone and Data Systems’s dividend payout ratio (DPR) is presently -18.60%.

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.