Stifel Financial Corp Has $1.49 Million Stake in Telephone and Data Systems, Inc. (NYSE:TDS)

Stifel Financial Corp lessened its position in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 9.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 53,793 shares of the Wireless communications provider’s stock after selling 5,295 shares during the period. Stifel Financial Corp’s holdings in Telephone and Data Systems were worth $1,492,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of TDS. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Telephone and Data Systems by 11.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,795 shares of the Wireless communications provider’s stock worth $105,000 after buying an additional 387 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Telephone and Data Systems by 2.1% in the first quarter. Envestnet Asset Management Inc. now owns 4,094 shares of the Wireless communications provider’s stock worth $108,000 after buying an additional 84 shares during the period. Sei Investments Co. boosted its position in shares of Telephone and Data Systems by 13.9% in the second quarter. Sei Investments Co. now owns 4,868 shares of the Wireless communications provider’s stock worth $135,000 after buying an additional 594 shares during the period. LS Investment Advisors LLC boosted its position in shares of Telephone and Data Systems by 20.0% in the second quarter. LS Investment Advisors LLC now owns 7,451 shares of the Wireless communications provider’s stock worth $207,000 after buying an additional 1,242 shares during the period. Finally, Wedge Capital Management L L P NC purchased a new stake in shares of Telephone and Data Systems in the second quarter worth about $209,000. 82.47% of the stock is owned by hedge funds and other institutional investors.

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Shares of Telephone and Data Systems, Inc. (NYSE:TDS) traded up 0.60% during mid-day trading on Friday, hitting $28.48. The stock had a trading volume of 309,158 shares. The stock has a market cap of $3.15 billion, a price-to-earnings ratio of 58.24 and a beta of 1.02. Telephone and Data Systems, Inc. has a one year low of $24.12 and a one year high of $32.98. The firm has a 50 day moving average of $27.99 and a 200 day moving average of $28.00.

Telephone and Data Systems (NYSE:TDS) last announced its earnings results on Friday, August 4th. The Wireless communications provider reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.04). Telephone and Data Systems had a return on equity of 1.15% and a net margin of 1.09%. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the previous year, the company earned $0.25 EPS. The business’s revenue for the quarter was down 3.7% on a year-over-year basis. On average, analysts forecast that Telephone and Data Systems, Inc. will post $0.45 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend was Thursday, September 14th. Telephone and Data Systems’s payout ratio is 129.17%.

Several brokerages have recently weighed in on TDS. Zacks Investment Research downgraded Telephone and Data Systems from a “buy” rating to a “hold” rating in a research report on Tuesday. BidaskClub upgraded Telephone and Data Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Five equities research analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and a consensus target price of $32.00.

Telephone and Data Systems Company Profile

Telephone and Data Systems, Inc is a diversified telecommunications company. The Company is engaged in conducting its Wireless operations through its subsidiary, United States Cellular Corporation (U.S. Cellular), as well as providing its wireline services, cable services, and hosted and managed services (HMS), through its subsidiary, TDS Telecommunications Corporation (TDS Telecom).

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

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