MetLife Investment Management LLC Acquires 2,545 Shares of Telephone and Data Systems, Inc. (NYSE:TDS)

MetLife Investment Management LLC lifted its holdings in Telephone and Data Systems, Inc. (NYSE:TDS) by 4.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 59,241 shares of the Wireless communications provider’s stock after acquiring an additional 2,545 shares during the period. MetLife Investment Management LLC owned 0.05% of Telephone and Data Systems worth $2,021,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in TDS. Norges Bank bought a new position in shares of Telephone and Data Systems in the 4th quarter valued at about $23,776,000. American Century Companies Inc. lifted its holdings in shares of Telephone and Data Systems by 6.7% in the 4th quarter. American Century Companies Inc. now owns 3,229,568 shares of the Wireless communications provider’s stock valued at $110,161,000 after acquiring an additional 203,897 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Telephone and Data Systems by 42.3% in the 4th quarter. JPMorgan Chase & Co. now owns 652,603 shares of the Wireless communications provider’s stock valued at $22,260,000 after acquiring an additional 194,136 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Telephone and Data Systems in the 4th quarter valued at about $5,619,000. Finally, Barclays PLC lifted its holdings in shares of Telephone and Data Systems by 23.1% in the 4th quarter. Barclays PLC now owns 675,713 shares of the Wireless communications provider’s stock valued at $23,049,000 after acquiring an additional 126,993 shares during the last quarter. Institutional investors own 80.00% of the company’s stock.

Telephone and Data Systems Stock Up 2.6 %

Shares of NYSE:TDS opened at $37.60 on Tuesday. Telephone and Data Systems, Inc. has a 1 year low of $14.04 and a 1 year high of $41.21. The business has a 50 day simple moving average of $36.25 and a two-hundred day simple moving average of $34.35. The firm has a market capitalization of $4.29 billion, a PE ratio of -6.96 and a beta of 0.62. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.59 and a quick ratio of 1.44.

Telephone and Data Systems (NYSE:TDS) last posted its quarterly earnings results on Friday, February 21st. The Wireless communications provider reported ($0.09) earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $1.23 billion. On average, equities analysts predict that Telephone and Data Systems, Inc. will post -0.31 EPS for the current year.

Telephone and Data Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.43%. The ex-dividend date was Monday, March 17th. Telephone and Data Systems’s dividend payout ratio is presently -18.60%.

Analyst Upgrades and Downgrades

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

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.