Public Employees Retirement System of Ohio Buys 8,750 Shares of Telephone & Data Systems, Inc. (TDS)

Public Employees Retirement System of Ohio increased its stake in Telephone & Data Systems, Inc. (NYSE:TDS) by 9.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 102,105 shares of the Wireless communications provider’s stock after acquiring an additional 8,750 shares during the period. Public Employees Retirement System of Ohio owned about 0.09% of Telephone & Data Systems worth $2,800,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Arizona State Retirement System lifted its stake in shares of Telephone & Data Systems by 3.1% in the 2nd quarter. Arizona State Retirement System now owns 64,452 shares of the Wireless communications provider’s stock valued at $1,767,000 after acquiring an additional 1,920 shares during the last quarter. Macquarie Group Ltd. lifted its stake in shares of Telephone & Data Systems by 38.9% in the 2nd quarter. Macquarie Group Ltd. now owns 7,500 shares of the Wireless communications provider’s stock valued at $206,000 after acquiring an additional 2,100 shares during the last quarter. Kiwi Wealth Investments Limited Partnership lifted its stake in shares of Telephone & Data Systems by 4.1% in the 1st quarter. Kiwi Wealth Investments Limited Partnership now owns 57,590 shares of the Wireless communications provider’s stock valued at $1,614,000 after acquiring an additional 2,256 shares during the last quarter. Intrepid Capital Management Inc. lifted its stake in shares of Telephone & Data Systems by 4.2% in the 2nd quarter. Intrepid Capital Management Inc. now owns 60,114 shares of the Wireless communications provider’s stock valued at $1,648,000 after acquiring an additional 2,440 shares during the last quarter. Finally, OppenheimerFunds Inc. lifted its stake in shares of Telephone & Data Systems by 5.7% in the 2nd quarter. OppenheimerFunds Inc. now owns 55,212 shares of the Wireless communications provider’s stock valued at $1,514,000 after acquiring an additional 2,993 shares during the last quarter. 81.73% of the stock is owned by institutional investors.

In related news, SVP Joseph R. Hanley sold 7,960 shares of the business’s stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $29.50, for a total transaction of $234,820.00. Following the transaction, the senior vice president now owns 13,752 shares in the company, valued at approximately $405,684. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Douglas W. Chambers sold 16,400 shares of the business’s stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $30.59, for a total value of $501,676.00. Following the transaction, the vice president now owns 12,473 shares in the company, valued at approximately $381,549.07. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 204,597 shares of company stock worth $6,192,444. 16.27% of the stock is owned by company insiders.

Shares of NYSE:TDS opened at $31.57 on Monday. Telephone & Data Systems, Inc. has a 1 year low of $23.54 and a 1 year high of $31.73. The stock has a market cap of $3.41 billion, a P/E ratio of 59.57 and a beta of 0.83. The company has a current ratio of 2.96, a quick ratio of 2.75 and a debt-to-equity ratio of 0.47.

Telephone & Data Systems (NYSE:TDS) last announced its quarterly earnings results on Friday, August 3rd. The Wireless communications provider reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.06. Telephone & Data Systems had a return on equity of 1.98% and a net margin of 3.53%. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the previous year, the business earned $0.09 EPS. Telephone & Data Systems’s revenue was up .6% compared to the same quarter last year. On average, analysts expect that Telephone & Data Systems, Inc. will post 0.68 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Friday, September 14th were issued a dividend of $0.16 per share. The ex-dividend date was Thursday, September 13th. This represents a $0.64 dividend on an annualized basis and a yield of 2.03%. Telephone & Data Systems’s dividend payout ratio is presently 120.75%.

A number of research firms have recently weighed in on TDS. ValuEngine raised Telephone & Data Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, October 3rd. Citigroup boosted their target price on Telephone & Data Systems from $37.00 to $39.00 and gave the company a “buy” rating in a research note on Wednesday, August 8th. Zacks Investment Research lowered Telephone & Data Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, July 24th. Finally, JPMorgan Chase & Co. lowered Telephone & Data Systems from a “neutral” rating to an “underweight” rating and set a $34.00 target price for the company. in a research note on Wednesday, July 11th. Two investment analysts have rated the stock with a sell rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $34.67.

Telephone & Data Systems Company Profile

Telephone and Data Systems, Inc, a telecommunications company, provides wireless, wireline, cable, and hosted and managed services in the United States. The company offers cellular services, such as postpaid national plans and prepaid service plans with voice, messaging, and data usage options; and business rate plans.

Featured Story: Closed-End Mutual Funds

Want to see what other hedge funds are holding TDS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Telephone & Data Systems, Inc. (NYSE:TDS).

Institutional Ownership by Quarter for Telephone & Data Systems (NYSE:TDS)

Receive News & Ratings for Telephone & Data Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telephone & Data Systems and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply