Cooper Investors PTY Ltd. Buys 16,424 Shares of Telephone and Data Systems, Inc. $TDS

Cooper Investors PTY Ltd. boosted its stake in Telephone and Data Systems, Inc. (NYSE:TDS) by 8.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 212,845 shares of the Wireless communications provider’s stock after purchasing an additional 16,424 shares during the period. Telephone and Data Systems comprises 3.6% of Cooper Investors PTY Ltd.’s investment portfolio, making the stock its 11th largest position. Cooper Investors PTY Ltd. owned 0.19% of Telephone and Data Systems worth $7,877,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Captrust Financial Advisors grew its holdings in shares of Telephone and Data Systems by 3.8% in the fourth quarter. Captrust Financial Advisors now owns 6,026 shares of the Wireless communications provider’s stock worth $247,000 after purchasing an additional 220 shares during the last quarter. Salomon & Ludwin LLC raised its holdings in Telephone and Data Systems by 51.3% during the 4th quarter. Salomon & Ludwin LLC now owns 681 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 231 shares during the last quarter. CIBC Asset Management Inc raised its holdings in Telephone and Data Systems by 2.4% during the 4th quarter. CIBC Asset Management Inc now owns 9,804 shares of the Wireless communications provider’s stock valued at $402,000 after buying an additional 232 shares during the last quarter. Maryland State Retirement & Pension System boosted its position in Telephone and Data Systems by 1.6% during the 4th quarter. Maryland State Retirement & Pension System now owns 14,362 shares of the Wireless communications provider’s stock valued at $589,000 after buying an additional 233 shares during the period. Finally, HighTower Advisors LLC boosted its position in Telephone and Data Systems by 4.3% during the 4th quarter. HighTower Advisors LLC now owns 5,866 shares of the Wireless communications provider’s stock valued at $241,000 after buying an additional 240 shares during the period. Institutional investors own 80.00% of the company’s stock.

Telephone and Data Systems Price Performance

TDS stock opened at $35.79 on Wednesday. The firm has a 50 day moving average price of $36.80 and a 200-day moving average price of $41.61. Telephone and Data Systems, Inc. has a 52-week low of $32.94 and a 52-week high of $49.12. The firm has a market capitalization of $4.07 billion, a price-to-earnings ratio of 67.52 and a beta of 0.32. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.42 and a current ratio of 3.43.

Telephone and Data Systems (NYSE:TDS) last posted its quarterly earnings results on Friday, May 8th. The Wireless communications provider reported $1.11 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $313.27 million. During the same quarter in the prior year, the business posted ($0.09) EPS. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. Equities research analysts forecast that Telephone and Data Systems, Inc. will post 0.94 EPS for the current fiscal year.

Telephone and Data Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Tuesday, June 16th. Telephone and Data Systems’s payout ratio is 30.19%.

Wall Street Analysts Forecast Growth

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

Telephone and Data Systems 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.