Telephone and Data Systems, Inc. $TDS Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. grew its stake in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 0.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,496,893 shares of the Wireless communications provider’s stock after acquiring an additional 20,882 shares during the period. Vanguard Group Inc. owned about 10.00% of Telephone and Data Systems worth $451,138,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of TDS. Bessemer Group Inc. lifted its position 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 worth $28,000 after purchasing an additional 277 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings 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 worth $31,000 after buying an additional 455 shares during the last quarter. Assetmark Inc. lifted its holdings in Telephone and Data Systems by 53.1% during the 2nd quarter. Assetmark Inc. now owns 1,297 shares of the Wireless communications provider’s stock worth $46,000 after buying an additional 450 shares during the last quarter. EverSource Wealth Advisors LLC grew 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 acquiring an additional 861 shares in the last quarter. Finally, Osaic Holdings Inc. raised its position 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 acquiring an additional 797 shares in the last quarter. Institutional investors own 80.00% of the company’s stock.

Telephone and Data Systems Stock Performance

TDS stock opened at $45.36 on Thursday. The company has a 50-day simple moving average of $43.51 and a 200 day simple moving average of $40.45. The company has a quick ratio of 2.09, a current ratio of 2.10 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $5.22 billion, a P/E ratio of -69.79 and a beta of 0.32. Telephone and Data Systems, Inc. has a fifty-two week low of $31.07 and a fifty-two week high of $47.79.

Telephone and Data Systems (NYSE:TDS) last posted its quarterly earnings data on Friday, February 20th. The Wireless communications provider reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.23. The company had revenue of $330.71 million for the quarter, compared to the consensus estimate of $319.28 million. Telephone and Data Systems had a positive return on equity of 2.12% and a negative net margin of 0.21%.The company’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.10) EPS. Sell-side analysts predict 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 company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be issued a dividend of $0.04 per share. The ex-dividend date is Monday, March 16th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.4%. Telephone and Data Systems’s payout ratio is currently -24.62%.

Analyst Upgrades and Downgrades

TDS has been the subject of several recent research reports. Weiss Ratings upgraded shares of Telephone and Data Systems from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday. Zacks Research downgraded Telephone and Data Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Citigroup upped their target price on Telephone and Data Systems from $51.00 to $56.00 and gave the company a “buy” rating in a report on Monday. Finally, Wall Street Zen upgraded Telephone and Data Systems from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $53.33.

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.