JPMorgan Chase & Co. Has $22.26 Million Stock Position in Telephone and Data Systems, Inc. (NYSE:TDS)

JPMorgan Chase & Co. increased its stake in shares of Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 42.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 652,603 shares of the Wireless communications provider's stock after purchasing an additional 194,136 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.58% of Telephone and Data Systems worth $22,260,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Independence Bank of Kentucky acquired a new stake in shares of Telephone and Data Systems during the 4th quarter valued at $41,000. SBI Securities Co. Ltd. acquired a new stake in Telephone and Data Systems during the fourth quarter valued at $74,000. Versant Capital Management Inc boosted its position in Telephone and Data Systems by 14.5% during the fourth quarter. Versant Capital Management Inc now owns 2,395 shares of the Wireless communications provider's stock valued at $82,000 after purchasing an additional 303 shares during the last quarter. Farther Finance Advisors LLC grew its stake 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 purchasing an additional 1,156 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its position in Telephone and Data Systems by 139.9% in the 4th 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.

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Telephone and Data Systems Stock Up 1.6 %

Shares of Telephone and Data Systems stock traded up $0.57 during midday trading on Tuesday, reaching $37.11. 45,044 shares of the company's stock traded hands, compared to its average volume of 945,597. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.44 and a current ratio of 1.59. Telephone and Data Systems, Inc. has a 52 week low of $14.04 and a 52 week high of $41.21. The company's 50 day simple moving average is $36.68 and its 200 day simple moving average is $33.44. The company has a market cap of $4.23 billion, a price-to-earnings ratio of -6.87 and a beta of 0.62.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last posted its earnings results on Friday, February 21st. The Wireless communications provider reported ($0.09) EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.23 billion. Equities analysts expect that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current fiscal year.

Telephone and Data Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a $0.04 dividend. The ex-dividend date was Monday, March 17th. This represents a $0.16 annualized dividend and a yield of 0.43%. Telephone and Data Systems's dividend payout ratio (DPR) is currently -18.60%.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. lifted their price target on Telephone and Data Systems from $53.00 to $56.00 and gave the company an "overweight" rating in a report on Monday, February 24th.

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.