D. E. Shaw & Co. Inc. Purchases 106,450 Shares of Telephone & Data Systems, Inc. (NYSE:TDS)

D. E. Shaw & Co. Inc. boosted its position in shares of Telephone & Data Systems, Inc. (NYSE:TDS) by 24.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 533,300 shares of the Wireless communications provider’s stock after acquiring an additional 106,450 shares during the period. D. E. Shaw & Co. Inc. owned 0.47% of Telephone & Data Systems worth $16,212,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Krane Funds Advisors LLC bought a new stake in shares of Telephone & Data Systems during the second quarter valued at approximately $26,000. Resources Investment Advisors LLC. bought a new stake in shares of Telephone & Data Systems during the second quarter valued at approximately $46,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Telephone & Data Systems during the second quarter valued at approximately $99,000. NumerixS Investment Technologies Inc raised its position in shares of Telephone & Data Systems by 166.7% during the first quarter. NumerixS Investment Technologies Inc now owns 4,000 shares of the Wireless communications provider’s stock valued at $124,000 after buying an additional 2,500 shares during the last quarter. Finally, Marshall Wace North America L.P. bought a new stake in shares of Telephone & Data Systems during the first quarter valued at approximately $126,000. Institutional investors own 81.86% of the company’s stock.

In related news, Director Prudence E. Carlson sold 3,510 shares of the business’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $24.96, for a total value of $87,609.60. Following the sale, the director now owns 54,722 shares in the company, valued at $1,365,861.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Wade Oosterman purchased 5,000 shares of Telephone & Data Systems stock in a transaction that occurred on Monday, August 19th. The stock was acquired at an average price of $24.88 per share, for a total transaction of $124,400.00. Following the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $124,400. The disclosure for this purchase can be found here. Insiders own 14.33% of the company’s stock.



Several research firms have recently issued reports on TDS. JPMorgan Chase & Co. upgraded shares of Telephone & Data Systems from an “underweight” rating to a “neutral” rating and reduced their price objective for the company from $32.00 to $31.00 in a research report on Monday, August 5th. TheStreet cut shares of Telephone & Data Systems from a “b-” rating to a “c+” rating in a research report on Tuesday, August 20th. ValuEngine cut shares of Telephone & Data Systems from a “buy” rating to a “hold” rating in a research report on Thursday, June 27th. Morgan Stanley upgraded shares of Telephone & Data Systems from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $33.00 to $47.50 in a research report on Tuesday, June 18th. Finally, Zacks Investment Research upgraded shares of Telephone & Data Systems from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research report on Tuesday, July 2nd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $37.70.

Shares of TDS opened at $25.52 on Wednesday. The company’s fifty day moving average is $25.54 and its 200 day moving average is $29.88. Telephone & Data Systems, Inc. has a fifty-two week low of $24.11 and a fifty-two week high of $37.29. The stock has a market capitalization of $2.94 billion, a PE ratio of 21.81 and a beta of 1.10. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.24 and a current ratio of 2.41.

Telephone & Data Systems (NYSE:TDS) last announced its quarterly earnings results on Thursday, August 1st. The Wireless communications provider reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.04). Telephone & Data Systems had a return on equity of 2.89% and a net margin of 2.99%. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the prior year, the firm posted $0.29 EPS. The company’s revenue for the quarter was up .5% on a year-over-year basis. As a group, research analysts forecast that Telephone & Data Systems, Inc. will post 1.13 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be given a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 2.59%. The ex-dividend date is Friday, September 13th. Telephone & Data Systems’s dividend payout ratio is presently 56.41%.

Telephone & Data Systems Company Profile

Telephone and Data Systems, Inc, a telecommunications company, provides wireless, cable and wireline broadband, TV, voice, and hosted and managed services in the United States. It operates through three segments: U.S. Cellular, Wireline, and Cable. The company offers cellular services to postpaid and prepaid customers, including retail consumers, government entities, and small-to-mid-size business customers in industries, such as the construction, retail, agriculture, professional services, and real estate; and national plans with voice, messaging, and data usage options.

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

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