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

MetLife Investment Management LLC increased its holdings in Telephone and Data Systems, Inc. (NYSE:TDS) by 4.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 59,241 shares of the Wireless communications provider’s stock after purchasing an additional 2,545 shares during the quarter. MetLife Investment Management LLC’s holdings in Telephone and Data Systems were worth $2,021,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Crossmark Global Holdings Inc. bought a new position in Telephone and Data Systems in the fourth quarter worth approximately $246,000. Norges Bank purchased a new position in Telephone and Data Systems in the fourth quarter worth $23,776,000. CWA Asset Management Group LLC purchased a new stake in shares of Telephone and Data Systems during the fourth quarter valued at $710,000. Consolidated Planning Corp grew its holdings in shares of Telephone and Data Systems by 35.4% during the fourth quarter. Consolidated Planning Corp now owns 38,516 shares of the Wireless communications provider’s stock valued at $1,314,000 after buying an additional 10,063 shares during the last quarter. Finally, Savant Capital LLC purchased a new stake in shares of Telephone and Data Systems during the fourth quarter valued at $203,000. Institutional investors own 80.00% of the company’s stock.

Telephone and Data Systems Stock Performance

Shares of TDS stock opened at $37.60 on Tuesday. Telephone and Data Systems, Inc. has a 52-week low of $14.04 and a 52-week 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 stock has a market cap of $4.29 billion, a PE ratio of -6.96 and a beta of 0.62. The business has a 50-day simple moving average of $36.25 and a 200-day simple moving average of $34.35.

Telephone and Data Systems (NYSE:TDS) last announced 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. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations 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%. On average, equities 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 declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend was Monday, March 17th. Telephone and Data Systems’s dividend payout ratio is currently -18.60%.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. boosted their price objective on shares of 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.