37,400 Shares in Telephone and Data Systems, Inc. $TDS Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Telephone and Data Systems, Inc. (NYSE:TDS) in the 4th quarter, Holdings Channel.com reports. The firm acquired 37,400 shares of the Wireless communications provider’s stock, valued at approximately $1,533,000.

Several other institutional investors and hedge funds have also bought and sold shares of TDS. Royal Bank of Canada lifted its position in Telephone and Data Systems by 25.8% during the first quarter. Royal Bank of Canada now owns 42,165 shares of the Wireless communications provider’s stock worth $1,633,000 after purchasing an additional 8,640 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Telephone and Data Systems by 21.3% in the first quarter. AQR Capital Management LLC now owns 67,125 shares of the Wireless communications provider’s stock worth $2,574,000 after acquiring an additional 11,769 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Telephone and Data Systems by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 58,721 shares of the Wireless communications provider’s stock worth $2,275,000 after acquiring an additional 2,572 shares during the last quarter. United Services Automobile Association bought a new position in shares of Telephone and Data Systems in the first quarter worth about $248,000. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Telephone and Data Systems by 358.3% in the second quarter. Russell Investments Group Ltd. now owns 27,043 shares of the Wireless communications provider’s stock worth $962,000 after acquiring an additional 21,142 shares during the last quarter. Institutional investors own 80.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Citigroup increased their target price on shares of Telephone and Data Systems from $51.00 to $56.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. Wall Street Zen raised shares of Telephone and Data Systems from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings raised shares of Telephone and Data Systems from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, February 24th. Finally, Raymond James Financial cut shares of Telephone and Data Systems from an “outperform” rating to a “market perform” rating in a report on Monday. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Telephone and Data Systems currently has a consensus rating of “Hold” and a consensus target price of $53.33.

Telephone and Data Systems Stock Performance

Telephone and Data Systems stock opened at $40.53 on Friday. The business has a 50 day moving average of $44.08 and a 200-day moving average of $42.48. Telephone and Data Systems, Inc. has a 1 year low of $32.60 and a 1 year high of $49.12. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.43 and a quick ratio of 2.09. The company has a market capitalization of $4.61 billion, a P/E ratio of 76.48 and a beta of 0.33.

Telephone and Data Systems (NYSE:TDS) last released its quarterly earnings data on Friday, May 8th. The Wireless communications provider reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.87) by $1.98. Telephone and Data Systems had a return on equity of 5.54% and a net margin of 6.15%.The company had revenue of $309.45 million during the quarter, compared to the consensus estimate of $313.28 million. During the same quarter in the prior year, the firm posted ($0.09) earnings per share. The firm’s revenue was up 6.5% compared to the same quarter last year. On average, equities research analysts predict that Telephone and Data Systems, Inc. will post 0.94 earnings per share for the current year.

Telephone and Data Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Monday, March 16th. Telephone and Data Systems’s dividend payout ratio is currently 30.19%.

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.