ProShare Advisors LLC Has $1.01 Million Stock Holdings in Telephone and Data Systems, Inc. (NYSE:TDS)

ProShare Advisors LLC grew its position in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 44.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Independence Bank of Kentucky acquired a new stake in shares of Telephone and Data Systems during the fourth quarter valued at about $41,000. Federated Hermes Inc. acquired a new stake in shares of Telephone and Data Systems during the fourth quarter valued at about $56,000. SBI Securities Co. Ltd. acquired a new stake in shares of Telephone and Data Systems during the fourth quarter valued at about $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 lifted its stake in shares of 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 acquiring an additional 2,186 shares during the period. 80.00% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. lifted 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. Raymond James reaffirmed an “outperform” rating and issued a $47.00 price objective (down from $51.00) on shares of Telephone and Data Systems in a research note on Monday, May 5th.

Telephone and Data Systems Price Performance

Telephone and Data Systems stock opened at $33.86 on Friday. The stock’s 50 day moving average is $35.93 and its 200 day moving average is $35.13. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.59 and a quick ratio of 1.44. The firm has a market cap of $3.86 billion, a P/E ratio of -6.27 and a beta of 0.57. Telephone and Data Systems, Inc. has a one year low of $16.64 and a one year 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 analysts’ consensus estimates of ($0.02) by ($0.07). The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.18 billion. Telephone and Data Systems had a positive return on equity of 1.12% and a negative net margin of 10.72%. Telephone and Data Systems’s revenue was down 8.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.10 earnings per share. As a group, research analysts expect that Telephone and Data Systems, Inc. will post -0.31 EPS for the current year.

Telephone and Data Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.47%. Telephone and Data Systems’s payout ratio is currently -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.