Telephone and Data Systems, Inc. (TDS) Shares Bought by Parametric Portfolio Associates LLC

Parametric Portfolio Associates LLC grew its stake in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 23.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 389,821 shares of the Wireless communications provider’s stock after acquiring an additional 73,809 shares during the period. Parametric Portfolio Associates LLC owned about 0.35% of Telephone and Data Systems worth $10,818,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. BlackRock Inc. raised its stake in shares of Telephone and Data Systems by 4.0% during the second quarter. BlackRock Inc. now owns 17,438,950 shares of the Wireless communications provider’s stock valued at $483,932,000 after acquiring an additional 665,746 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Telephone and Data Systems by 1.0% during the second quarter. Vanguard Group Inc. now owns 9,763,784 shares of the Wireless communications provider’s stock valued at $270,946,000 after acquiring an additional 95,665 shares in the last quarter. Gabelli Funds LLC raised its stake in shares of Telephone and Data Systems by 0.9% during the second quarter. Gabelli Funds LLC now owns 2,889,710 shares of the Wireless communications provider’s stock valued at $80,189,000 after acquiring an additional 26,000 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of Telephone and Data Systems by 23.8% during the first quarter. Teachers Advisors LLC now owns 2,787,371 shares of the Wireless communications provider’s stock valued at $73,893,000 after acquiring an additional 536,603 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in shares of Telephone and Data Systems by 5.8% during the second quarter. First Trust Advisors LP now owns 2,727,953 shares of the Wireless communications provider’s stock valued at $75,701,000 after acquiring an additional 149,539 shares in the last quarter. 82.53% of the stock is owned by hedge funds and other institutional investors.

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TDS has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of Telephone and Data Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. BidaskClub downgraded shares of Telephone and Data Systems from a “hold” rating to a “sell” rating in a research note on Sunday, July 16th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Telephone and Data Systems presently has a consensus rating of “Hold” and a consensus price target of $32.00.

Telephone and Data Systems, Inc. (NYSE TDS) opened at 28.66 on Friday. Telephone and Data Systems, Inc. has a 52 week low of $24.12 and a 52 week high of $32.98. The company has a market cap of $3.17 billion, a P/E ratio of 58.61 and a beta of 1.02. The company has a 50-day moving average of $28.19 and a 200-day moving average of $27.84.

Telephone and Data Systems (NYSE:TDS) last released its earnings results on Friday, August 4th. The Wireless communications provider reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.04). The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.27 billion. Telephone and Data Systems had a return on equity of 1.15% and a net margin of 1.09%. Telephone and Data Systems’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.25 earnings per share. On average, equities research analysts predict that Telephone and Data Systems, Inc. will post $0.45 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were issued a dividend of $0.155 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.62 dividend on an annualized basis and a yield of 2.16%. Telephone and Data Systems’s dividend payout ratio (DPR) is presently 129.17%.

About Telephone and Data Systems

Telephone and Data Systems, Inc is a diversified telecommunications company. The Company is engaged in conducting its Wireless operations through its subsidiary, United States Cellular Corporation (U.S. Cellular), as well as providing its wireline services, cable services, and hosted and managed services (HMS), through its subsidiary, TDS Telecommunications Corporation (TDS Telecom).

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

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