18,906 Shares in Telephone and Data Systems, Inc. (TDS) Purchased by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. bought a new stake in Telephone and Data Systems, Inc. (NYSE:TDS) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 18,906 shares of the Wireless communications provider’s stock, valued at approximately $527,000.

A number of other institutional investors have also recently made changes to their positions in TDS. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Telephone and Data Systems by 11.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,795 shares of the Wireless communications provider’s stock worth $105,000 after purchasing an additional 387 shares during the last quarter. Sei Investments Co. lifted its holdings in Telephone and Data Systems by 13.9% during the 2nd quarter. Sei Investments Co. now owns 4,868 shares of the Wireless communications provider’s stock worth $135,000 after purchasing an additional 594 shares during the last quarter. LS Investment Advisors LLC lifted its holdings in Telephone and Data Systems by 20.0% during the 2nd quarter. LS Investment Advisors LLC now owns 7,451 shares of the Wireless communications provider’s stock worth $207,000 after purchasing an additional 1,242 shares during the last quarter. Wedge Capital Management L L P NC acquired a new stake in Telephone and Data Systems during the 2nd quarter worth approximately $209,000. Finally, Pacad Investment Ltd. lifted its holdings in Telephone and Data Systems by 1,057.1% during the 2nd quarter. Pacad Investment Ltd. now owns 8,100 shares of the Wireless communications provider’s stock worth $225,000 after purchasing an additional 7,400 shares during the last quarter. 83.79% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently weighed in on the company. Zacks Investment Research cut Telephone and Data Systems from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Drexel Hamilton raised Telephone and Data Systems from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Telephone and Data Systems has an average rating of “Hold” and an average target price of $29.00.

Telephone and Data Systems, Inc. (TDS) traded up $0.28 during trading on Monday, hitting $27.60. The stock had a trading volume of 514,034 shares, compared to its average volume of 685,016. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.42 and a quick ratio of 2.29. Telephone and Data Systems, Inc. has a 12 month low of $24.57 and a 12 month high of $32.97. The firm has a market cap of $3,032.52, a PE ratio of 60.71 and a beta of 0.98.

Telephone and Data Systems (NYSE:TDS) last posted its quarterly earnings results on Wednesday, November 8th. The Wireless communications provider reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.09). The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.26 billion. Telephone and Data Systems had a positive return on equity of 1.08% and a negative net margin of 2.77%. Telephone and Data Systems’s quarterly revenue was down 4.8% on a year-over-year basis. During the same period last year, the firm posted $0.11 EPS. research analysts anticipate that Telephone and Data Systems, Inc. will post -1.27 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Friday, December 15th will be given a dividend of $0.155 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.62 dividend on an annualized basis and a yield of 2.25%. Telephone and Data Systems’s dividend payout ratio is currently -48.82%.

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Telephone and Data Systems 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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