Legal & General Group Plc Boosts Holdings in Telephone & Data Systems, Inc. (TDS)

Legal & General Group Plc raised its position in Telephone & Data Systems, Inc. (NYSE:TDS) by 4.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 170,138 shares of the Wireless communications provider’s stock after acquiring an additional 7,090 shares during the quarter. Legal & General Group Plc owned approximately 0.15% of Telephone & Data Systems worth $4,745,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. State Street Corp lifted its stake in shares of Telephone & Data Systems by 38.3% in the second quarter. State Street Corp now owns 9,044,177 shares of the Wireless communications provider’s stock worth $250,974,000 after buying an additional 2,505,860 shares in the last quarter. AJO LP lifted its stake in shares of Telephone & Data Systems by 432.0% in the second quarter. AJO LP now owns 1,687,465 shares of the Wireless communications provider’s stock worth $46,827,000 after buying an additional 1,370,297 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Telephone & Data Systems by 16.1% in the second quarter. Dimensional Fund Advisors LP now owns 7,297,371 shares of the Wireless communications provider’s stock worth $202,503,000 after buying an additional 1,012,673 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Telephone & Data Systems by 4.0% in the second quarter. BlackRock Inc. now owns 17,438,950 shares of the Wireless communications provider’s stock worth $483,932,000 after buying an additional 665,746 shares in the last quarter. Finally, Prudential Financial Inc. lifted its stake in shares of Telephone & Data Systems by 38.4% in the third quarter. Prudential Financial Inc. now owns 1,393,793 shares of the Wireless communications provider’s stock worth $38,873,000 after buying an additional 386,480 shares in the last quarter. Institutional investors own 83.75% of the company’s stock.

A number of brokerages recently weighed in on TDS. Zacks Investment Research cut shares of Telephone & Data Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, October 24th. Drexel Hamilton raised shares of Telephone & Data Systems from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $29.00.

Telephone & Data Systems, Inc. (NYSE TDS) traded up $0.35 during mid-day trading on Thursday, reaching $26.89. 608,817 shares of the company’s stock traded hands, compared to its average volume of 616,127. Telephone & Data Systems, Inc. has a fifty-two week low of $24.57 and a fifty-two week high of $32.97. The company has a quick ratio of 2.29, a current ratio of 2.42 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $3,121.32, a price-to-earnings ratio of -21.17, a P/E/G ratio of 8.93 and a beta of 0.97.

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

The company also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Friday, December 15th were issued a $0.155 dividend. The ex-dividend date was Thursday, December 14th. This represents a $0.62 annualized dividend and a dividend yield of 2.31%. Telephone & Data Systems’s dividend payout ratio (DPR) is presently -48.82%.

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Telephone & 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 & Data Systems (NYSE:TDS)

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