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

Jacobs Levy Equity Management Inc. acquired a new stake in shares of Telephone and Data Systems, Inc. (NYSE:TDS) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 16,222 shares of the Wireless communications provider’s stock, valued at approximately $553,000.

Several other institutional investors also recently modified their holdings of TDS. Independence Bank of Kentucky purchased a new stake in shares of Telephone and Data Systems during the fourth quarter valued at $41,000. Federated Hermes Inc. purchased a new position in Telephone and Data Systems in the fourth quarter worth about $56,000. SBI Securities Co. Ltd. purchased a new position in Telephone and Data Systems in the fourth quarter worth about $74,000. Farther Finance Advisors LLC boosted its position 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 worth $92,000 after purchasing an additional 1,156 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in Telephone and Data Systems by 139.9% in the fourth 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 during the last quarter. 80.00% of the stock is owned by hedge funds and other institutional investors.

Telephone and Data Systems Trading Up 1.6%

Shares of NYSE:TDS opened at $34.95 on Friday. The stock has a market capitalization of $3.98 billion, a price-to-earnings ratio of -6.47 and a beta of 0.57. 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 stock’s 50-day simple moving average is $35.98 and its two-hundred day simple moving average is $35.01. 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) last posted 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 positive return on equity of 1.12% and a negative net margin of 10.72%. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same period last year, the business earned $0.10 EPS. The firm’s quarterly revenue was down 8.6% compared to the same quarter last year. Analysts expect that Telephone and Data Systems, Inc. will post -0.31 EPS for the current year.

Telephone and Data Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.46%. The ex-dividend date of this dividend was Monday, March 17th. Telephone and Data Systems’s dividend payout ratio (DPR) is currently -15.24%.

Analyst Ratings Changes

Several research analysts have issued reports on TDS shares. JPMorgan Chase & Co. raised their target price on Telephone and Data Systems from $53.00 to $56.00 and gave the stock an “overweight” rating in a research report on Monday, February 24th. Raymond James reissued an “outperform” rating and issued a $47.00 target price (down from $51.00) on shares of Telephone and Data Systems in a research report on Monday, May 5th.

About Telephone and Data Systems

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.