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 - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 30,084 shares of the Wireless communications provider's stock, valued at approximately $1,026,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Independence Bank of Kentucky bought a new stake in shares of Telephone and Data Systems during the fourth quarter worth about $41,000. SBI Securities Co. Ltd. bought a new stake in Telephone and Data Systems during the 4th quarter worth approximately $74,000. Versant Capital Management Inc increased its position 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 during the period. Quarry LP raised its stake in shares of Telephone and Data Systems by 35.5% during the third quarter. Quarry LP now owns 2,643 shares of the Wireless communications provider's stock valued at $61,000 after acquiring an additional 692 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings 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 worth $92,000 after purchasing an additional 1,156 shares during the period. Institutional investors and hedge funds own 80.00% of the company's stock.

Telephone and Data Systems Trading Up 0.5 %

Telephone and Data Systems stock traded up $0.21 during mid-day trading on Tuesday, hitting $38.95. 376,837 shares of the stock were exchanged, compared to its average volume of 929,279. The stock has a market capitalization of $4.44 billion, a price-to-earnings ratio of -7.21 and a beta of 0.75. Telephone and Data Systems, Inc. has a 12 month low of $14.04 and a 12 month high of $41.21. The company has a quick ratio of 1.44, a current ratio of 1.59 and a debt-to-equity ratio of 0.85. The firm's fifty day simple moving average is $36.54 and its two-hundred day simple moving average is $32.41.

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Telephone and Data Systems (NYSE:TDS - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.23 billion. Telephone and Data Systems had a positive return on equity of 1.12% and a negative net margin of 10.72%. Analysts forecast 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 declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend was Monday, March 17th. Telephone and Data Systems's dividend payout ratio (DPR) is currently -18.60%.

Wall Street Analysts Forecast Growth

Separately, 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.

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.