Public Sector Pension Investment Board Acquires 47,124 Shares of Telephone and Data Systems, Inc. $TDS

Public Sector Pension Investment Board raised its holdings in Telephone and Data Systems, Inc. (NYSE:TDS) by 14.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 383,363 shares of the Wireless communications provider’s stock after buying an additional 47,124 shares during the quarter. Public Sector Pension Investment Board’s holdings in Telephone and Data Systems were worth $15,043,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Bessemer Group Inc. raised its holdings in shares of Telephone and Data Systems by 65.6% during the third quarter. Bessemer Group Inc. now owns 699 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 277 shares in the last quarter. Jones Financial Companies Lllp increased its position in Telephone and Data Systems by 121.3% during the 3rd quarter. Jones Financial Companies Lllp now owns 830 shares of the Wireless communications provider’s stock valued at $31,000 after purchasing an additional 455 shares during the period. Assetmark Inc. raised its holdings in Telephone and Data Systems by 53.1% in the 2nd quarter. Assetmark Inc. now owns 1,297 shares of the Wireless communications provider’s stock worth $46,000 after purchasing an additional 450 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Telephone and Data Systems by 191.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,311 shares of the Wireless communications provider’s stock worth $47,000 after purchasing an additional 861 shares during the period. Finally, Osaic Holdings Inc. boosted its stake in shares of Telephone and Data Systems by 36.8% during the 2nd quarter. Osaic Holdings Inc. now owns 2,965 shares of the Wireless communications provider’s stock valued at $106,000 after purchasing an additional 797 shares in the last quarter. 80.00% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Citigroup increased their price target on shares of Telephone and Data Systems from $45.00 to $51.00 and gave the stock a “buy” rating in a research note on Wednesday, January 7th. Zacks Research lowered Telephone and Data Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 1st. Wall Street Zen cut Telephone and Data Systems from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Telephone and Data Systems in a research note on Monday, December 29th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $51.67.

Telephone and Data Systems Price Performance

TDS stock opened at $47.62 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.88 and a current ratio of 1.89. The firm has a 50 day moving average price of $42.32 and a 200-day moving average price of $40.04. Telephone and Data Systems, Inc. has a 52-week low of $31.07 and a 52-week high of $47.77. The firm has a market capitalization of $5.48 billion, a price-to-earnings ratio of -44.09 and a beta of 0.32.

Telephone and Data Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Monday, December 15th were paid a dividend of $0.04 per share. The ex-dividend date was Monday, December 15th. This represents a $0.16 dividend on an annualized basis and a yield of 0.3%. Telephone and Data Systems’s payout ratio is presently -14.81%.

Telephone and Data Systems Company Profile

Telephone and Data Systems, Inc (NYSE: TDS) is a diversified telecommunications company headquartered in Chicago, Illinois. Through its subsidiaries, the company provides a broad array of communications services, including wireless voice and data, wireline broadband and voice, cable television, and managed IT and cloud solutions. Its two primary operating units—TDS Telecom and U.S. Cellular—serve residential, business and wholesale customers across the United States.

TDS Telecom focuses on delivering broadband internet, digital voice, video and data communications services in primarily rural and suburban markets.