Telephone and Data Systems, Inc. $TDS Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its holdings in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 1.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,482,147 shares of the Wireless communications provider’s stock after purchasing an additional 90,097 shares during the period. Dimensional Fund Advisors LP owned about 0.06% of Telephone and Data Systems worth $272,898,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. SG Americas Securities LLC boosted its holdings in shares of Telephone and Data Systems by 343.6% in the 4th quarter. SG Americas Securities LLC now owns 39,597 shares of the Wireless communications provider’s stock valued at $1,623,000 after buying an additional 30,670 shares during the period. Assenagon Asset Management S.A. raised its stake in Telephone and Data Systems by 208.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 301,529 shares of the Wireless communications provider’s stock worth $12,363,000 after acquiring an additional 203,856 shares during the period. Hennion & Walsh Asset Management Inc. raised its stake in Telephone and Data Systems by 225.4% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 24,790 shares of the Wireless communications provider’s stock worth $1,016,000 after acquiring an additional 17,172 shares during the period. 140 Summer Partners LP lifted its holdings in Telephone and Data Systems by 5.3% in the fourth quarter. 140 Summer Partners LP now owns 1,315,306 shares of the Wireless communications provider’s stock worth $53,928,000 after acquiring an additional 66,148 shares during the last quarter. Finally, Horizon Investments LLC lifted its holdings in Telephone and Data Systems by 186.7% in the fourth quarter. Horizon Investments LLC now owns 39,891 shares of the Wireless communications provider’s stock worth $1,636,000 after acquiring an additional 25,975 shares during the last quarter. 80.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TDS. Raymond James Financial lowered Telephone and Data Systems from an “outperform” rating to a “market perform” rating in a report on Monday, May 11th. Weiss Ratings downgraded Telephone and Data Systems from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 18th. Finally, Wall Street Zen raised Telephone and Data Systems from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $53.33.

Telephone and Data Systems Stock Up 0.1%

Telephone and Data Systems stock opened at $33.86 on Thursday. Telephone and Data Systems, Inc. has a 52 week low of $33.37 and a 52 week high of $49.12. The stock has a market cap of $3.85 billion, a price-to-earnings ratio of 63.89 and a beta of 0.30. The company’s 50-day moving average price is $37.99 and its two-hundred day moving average price is $42.09. The company has a current ratio of 3.43, a quick ratio of 3.42 and a debt-to-equity ratio of 0.16.

Telephone and Data Systems (NYSE:TDS) last issued its quarterly earnings results on Friday, May 8th. The Wireless communications provider reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.87) by $1.98. The company had revenue of $309.45 million during the quarter, compared to analyst estimates of $313.27 million. Telephone and Data Systems had a net margin of 6.15% and a return on equity of 5.54%. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.09) EPS. On average, analysts expect that Telephone and Data Systems, Inc. will post 0.94 EPS for the current fiscal year.

Telephone and Data Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Tuesday, June 16th. Telephone and Data Systems’s dividend payout ratio is 30.19%.

About Telephone and Data Systems

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.