Vident Investment Advisory LLC Raises Stake in Telephone and Data Systems, Inc. (TDS)

Vident Investment Advisory LLC increased its position in Telephone and Data Systems, Inc. (NYSE:TDS) by 17.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,221 shares of the Wireless communications provider’s stock after buying an additional 13,908 shares during the period. Vident Investment Advisory LLC owned 0.09% of Telephone and Data Systems worth $2,655,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Telephone and Data Systems by 11.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,795 shares of the Wireless communications provider’s stock valued at $105,000 after buying an additional 387 shares during the period. Utah Retirement Systems boosted its stake in Telephone and Data Systems by 2.3% during the 2nd quarter. Utah Retirement Systems now owns 17,676 shares of the Wireless communications provider’s stock valued at $491,000 after purchasing an additional 400 shares during the last quarter. US Bancorp DE boosted its stake in Telephone and Data Systems by 4.8% during the 2nd quarter. US Bancorp DE now owns 9,337 shares of the Wireless communications provider’s stock valued at $259,000 after purchasing an additional 429 shares during the last quarter. Arizona State Retirement System boosted its stake in Telephone and Data Systems by 1.3% during the 2nd quarter. Arizona State Retirement System now owns 39,500 shares of the Wireless communications provider’s stock valued at $1,096,000 after purchasing an additional 500 shares during the last quarter. Finally, Sei Investments Co. boosted its stake 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 valued at $135,000 after purchasing an additional 594 shares during the last quarter. Institutional investors own 83.79% of the company’s stock.

Telephone and Data Systems, Inc. (NYSE TDS) traded up $0.40 during mid-day trading on Tuesday, reaching $26.99. The company’s stock had a trading volume of 355,000 shares, compared to its average volume of 681,085. The firm has a market cap of $2,951.49, a P/E ratio of 59.09 and a beta of 0.98. 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 fifty-two week low of $24.57 and a fifty-two week high of $32.97.

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

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Friday, December 15th will be given a dividend of $0.155 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.62 annualized dividend and a dividend yield of 2.30%. Telephone and Data Systems’s dividend payout ratio is currently -48.82%.

A number of equities analysts have issued reports on the company. Zacks Investment Research downgraded Telephone and Data Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, October 24th. Drexel Hamilton upgraded Telephone and Data Systems from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $29.00.

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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).

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

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