Schroder Investment Management Group Purchases New Holdings in Telephone & Data Systems, Inc. (NYSE:TDS)

Schroder Investment Management Group purchased a new stake in shares of Telephone & Data Systems, Inc. (NYSE:TDS) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 12,271 shares of the Wireless communications provider’s stock, valued at approximately $373,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Krane Funds Advisors LLC purchased a new position in Telephone & Data Systems in the second quarter worth about $26,000. Resources Investment Advisors LLC. purchased a new position in Telephone & Data Systems in the second quarter worth about $46,000. Steward Partners Investment Advisory LLC purchased a new position in Telephone & Data Systems in the second quarter worth about $99,000. NumerixS Investment Technologies Inc raised its holdings in Telephone & Data Systems by 166.7% in the first quarter. NumerixS Investment Technologies Inc now owns 4,000 shares of the Wireless communications provider’s stock worth $124,000 after buying an additional 2,500 shares during the last quarter. Finally, Marshall Wace North America L.P. purchased a new position in Telephone & Data Systems in the first quarter worth about $126,000. 81.86% of the stock is owned by institutional investors.

Shares of TDS stock traded up $0.26 during trading hours on Friday, reaching $24.66. The company had a trading volume of 54,551 shares, compared to its average volume of 695,425. The business has a fifty day moving average price of $25.44 and a 200-day moving average price of $29.60. Telephone & Data Systems, Inc. has a one year low of $24.01 and a one year high of $37.29. The firm has a market cap of $2.91 billion, a PE ratio of 21.08 and a beta of 1.08. 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 EPS for the quarter, missing analysts’ consensus estimates 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 company 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 earned $0.29 earnings per share. The business’s revenue was up .5% compared to the same quarter last year. Equities research analysts forecast that Telephone & Data Systems, Inc. will post 1.13 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a $0.165 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.68%. Telephone & Data Systems’s dividend payout ratio is presently 56.41%.

TDS has been the subject of several recent analyst reports. Morgan Stanley raised shares of Telephone & Data Systems from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $33.00 to $47.50 in a report on Tuesday, June 18th. TheStreet cut shares of Telephone & Data Systems from a “b-” rating to a “c+” rating in a report on Tuesday, August 20th. ValuEngine cut shares of Telephone & Data Systems from a “buy” rating to a “hold” rating in a report on Thursday, June 27th. Zacks Investment Research raised shares of Telephone & Data Systems from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a report on Tuesday, July 2nd. Finally, JPMorgan Chase & Co. raised shares of Telephone & Data Systems from an “underweight” rating to a “neutral” rating and decreased their target price for the stock from $32.00 to $31.00 in a report on Monday, August 5th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Telephone & Data Systems presently has an average rating of “Buy” and a consensus target price of $37.70.

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

About Telephone & Data Systems

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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