GAM Holding AG Invests $1.44 Million in Telephone & Data Systems, Inc. (TDS)

GAM Holding AG bought a new stake in Telephone & Data Systems, Inc. (NYSE:TDS) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 47,465 shares of the Wireless communications provider’s stock, valued at approximately $1,444,000.

Several other institutional investors have also recently bought and sold shares of the company. Oakbrook Investments LLC lifted its stake in Telephone & Data Systems by 20.0% during the third quarter. Oakbrook Investments LLC now owns 9,620 shares of the Wireless communications provider’s stock worth $293,000 after purchasing an additional 1,600 shares during the last quarter. Arizona State Retirement System lifted its stake in shares of Telephone & Data Systems by 3.1% in the 2nd quarter. Arizona State Retirement System now owns 64,452 shares of the Wireless communications provider’s stock valued at $1,767,000 after acquiring an additional 1,920 shares during the last quarter. Hsbc Holdings PLC lifted its stake in shares of Telephone & Data Systems by 6.2% in the 3rd quarter. Hsbc Holdings PLC now owns 35,181 shares of the Wireless communications provider’s stock valued at $1,071,000 after acquiring an additional 2,049 shares during the last quarter. Macquarie Group Ltd. lifted its stake in shares of Telephone & Data Systems by 38.9% in the 2nd quarter. Macquarie Group Ltd. now owns 7,500 shares of the Wireless communications provider’s stock valued at $206,000 after acquiring an additional 2,100 shares during the last quarter. Finally, Pinnacle Associates Ltd. lifted its stake in shares of Telephone & Data Systems by 0.7% in the 3rd quarter. Pinnacle Associates Ltd. now owns 325,778 shares of the Wireless communications provider’s stock valued at $9,913,000 after acquiring an additional 2,225 shares during the last quarter. 81.71% of the stock is currently owned by institutional investors.

A number of research analysts have recently commented on the company. B. Riley reiterated a “buy” rating and issued a $42.00 price target on shares of Telephone & Data Systems in a research note on Thursday, November 1st. Zacks Investment Research upgraded Telephone & Data Systems from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a research note on Wednesday, October 10th. ValuEngine raised Telephone & Data Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, October 3rd. Finally, Raymond James raised their target price on Telephone & Data Systems from $31.00 to $36.00 and gave the stock a “buy” rating in a research report on Tuesday, November 6th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $37.20.

Shares of NYSE:TDS opened at $35.25 on Friday. The firm has a market cap of $3.96 billion, a P/E ratio of 66.51 and a beta of 0.79. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.80 and a quick ratio of 2.65. Telephone & Data Systems, Inc. has a 12-month low of $23.54 and a 12-month high of $36.52.

Telephone & Data Systems (NYSE:TDS) last announced its earnings results on Friday, November 2nd. The Wireless communications provider reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.16. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. Telephone & Data Systems had a return on equity of 2.43% and a net margin of 7.96%. Telephone & Data Systems’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period last year, the company earned $0.08 EPS. Analysts expect that Telephone & Data Systems, Inc. will post 1.18 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 14th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend is Thursday, December 13th. Telephone & Data Systems’s dividend payout ratio is currently 120.75%.

In related news, VP Douglas W. Chambers sold 16,455 shares of the firm’s stock in a transaction on Tuesday, November 6th. The stock was sold at an average price of $34.33, for a total transaction of $564,900.15. Following the completion of the transaction, the vice president now directly owns 12,828 shares of the company’s stock, valued at approximately $440,385.24. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Douglas W. Chambers sold 16,400 shares of the firm’s stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $30.59, for a total value of $501,676.00. Following the transaction, the vice president now directly owns 12,473 shares of the company’s stock, valued at $381,549.07. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 189,895 shares of company stock valued at $6,643,100. 17.30% of the stock is owned by corporate insiders.

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Telephone & Data Systems Company Profile

Telephone and Data Systems, Inc, a telecommunications company, provides wireless, wireline, cable, and hosted and managed services in the United States. The company offers cellular services, such as postpaid national plans and prepaid service plans with voice, messaging, and data usage options; and business rate plans.

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

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