Cooper Investors PTY Ltd. Purchases 16,424 Shares of Telephone and Data Systems, Inc. $TDS

Cooper Investors PTY Ltd. grew its position in Telephone and Data Systems, Inc. (NYSE:TDS) by 8.4% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 212,845 shares of the Wireless communications provider’s stock after purchasing an additional 16,424 shares during the quarter. Telephone and Data Systems accounts for approximately 3.6% of Cooper Investors PTY Ltd.’s investment portfolio, making the stock its 11th biggest holding. Cooper Investors PTY Ltd.’s holdings in Telephone and Data Systems were worth $7,877,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Salomon & Ludwin LLC grew its holdings in shares of Telephone and Data Systems by 51.3% during the fourth quarter. Salomon & Ludwin LLC now owns 681 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 231 shares during the last quarter. JPL Wealth Management LLC purchased a new position in Telephone and Data Systems in the 3rd quarter worth approximately $33,000. Caitong International Asset Management Co. Ltd raised its holdings in Telephone and Data Systems by 2,779.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,123 shares of the Wireless communications provider’s stock worth $46,000 after acquiring an additional 1,084 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Telephone and Data Systems by 29.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,085 shares of the Wireless communications provider’s stock valued at $46,000 after acquiring an additional 245 shares in the last quarter. Finally, Ameliora Wealth Management Ltd. bought a new position in Telephone and Data Systems in the 1st quarter valued at approximately $90,000. Institutional investors own 80.00% of the company’s stock.

Telephone and Data Systems Stock Performance

Shares of TDS opened at $35.79 on Wednesday. The firm has a market capitalization of $4.07 billion, a P/E ratio of 67.52 and a beta of 0.32. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.43 and a quick ratio of 3.42. Telephone and Data Systems, Inc. has a one year low of $32.94 and a one year high of $49.12. The business has a fifty day moving average of $36.80 and a 200 day moving average of $41.61.

Telephone and Data Systems (NYSE:TDS) last announced its earnings results on Friday, May 8th. The Wireless communications provider reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.87) by $1.98. Telephone and Data Systems had a return on equity of 5.54% and a net margin of 6.15%.The business had revenue of $309.45 million for the quarter, compared to analysts’ expectations of $313.27 million. During the same period last year, the firm posted ($0.09) earnings per share. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Telephone and Data Systems, Inc. will post 0.94 EPS for the current year.

Telephone and Data Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Tuesday, June 16th. Telephone and Data Systems’s dividend payout ratio is currently 30.19%.

Analyst Ratings Changes

TDS has been the subject of a number of research analyst reports. Weiss Ratings lowered Telephone and Data Systems from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 18th. Raymond James Financial downgraded Telephone and Data Systems from an “outperform” rating to a “market perform” rating in a report on Monday, May 11th. Finally, Wall Street Zen raised Telephone and Data Systems from a “sell” rating to a “hold” rating in a research report on Saturday, May 30th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus 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.