Public Sector Pension Investment Board Boosts Stake in Telephone and Data Systems, Inc. $TDS

Public Sector Pension Investment Board boosted its holdings in Telephone and Data Systems, Inc. (NYSE:TDS) by 14.0% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 383,363 shares of the Wireless communications provider’s stock after acquiring an additional 47,124 shares during the quarter. Public Sector Pension Investment Board owned 0.33% of Telephone and Data Systems worth $15,043,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of TDS. Bessemer Group Inc. increased its position in shares of Telephone and Data Systems by 65.6% in the third quarter. Bessemer Group Inc. now owns 699 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 277 shares during the last quarter. Jones Financial Companies Lllp grew its stake in Telephone and Data Systems by 121.3% in the 3rd quarter. Jones Financial Companies Lllp now owns 830 shares of the Wireless communications provider’s stock worth $31,000 after buying an additional 455 shares in the last quarter. Assetmark Inc. grew its stake in Telephone and Data Systems by 53.1% in the 2nd quarter. Assetmark Inc. now owns 1,297 shares of the Wireless communications provider’s stock worth $46,000 after buying an additional 450 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Telephone and Data Systems by 191.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,311 shares of the Wireless communications provider’s stock worth $47,000 after buying an additional 861 shares during the last quarter. Finally, Osaic Holdings Inc. raised its position in shares of Telephone and Data Systems by 36.8% during the 2nd quarter. Osaic Holdings Inc. now owns 2,965 shares of the Wireless communications provider’s stock valued at $106,000 after buying an additional 797 shares in the last quarter. Institutional investors own 80.00% of the company’s stock.

Telephone and Data Systems Trading Up 1.7%

NYSE TDS opened at $47.62 on Friday. Telephone and Data Systems, Inc. has a 1-year low of $31.07 and a 1-year high of $47.77. The company has a current ratio of 1.89, a quick ratio of 1.88 and a debt-to-equity ratio of 0.20. The stock has a 50-day moving average of $42.32 and a 200-day moving average of $40.04. The firm has a market cap of $5.48 billion, a PE ratio of -44.09 and a beta of 0.32.

Telephone and Data Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Monday, December 15th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Monday, December 15th. Telephone and Data Systems’s dividend payout ratio (DPR) is -14.81%.

Analyst Ratings Changes

Several research analysts recently issued reports on TDS shares. Wall Street Zen lowered shares of Telephone and Data Systems from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. Weiss Ratings reiterated a “sell (d)” rating on shares of Telephone and Data Systems in a report on Monday, December 29th. Zacks Research lowered Telephone and Data Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 1st. Finally, Citigroup boosted their target price on Telephone and Data Systems from $45.00 to $51.00 and gave the stock a “buy” rating in a research report on Wednesday, January 7th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $51.67.

Telephone and Data Systems Company Profile

Telephone and Data Systems, Inc (NYSE: TDS) is a diversified telecommunications company headquartered in Chicago, Illinois. Through its subsidiaries, the company provides a broad array of communications services, including wireless voice and data, wireline broadband and voice, cable television, and managed IT and cloud solutions. Its two primary operating units—TDS Telecom and U.S. Cellular—serve residential, business and wholesale customers across the United States.

TDS Telecom focuses on delivering broadband internet, digital voice, video and data communications services in primarily rural and suburban markets.