Dimensional Fund Advisors LP Purchases 162,319 Shares of Telephone and Data Systems, Inc. (TDS)

Dimensional Fund Advisors LP lifted its position in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 2.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,459,690 shares of the Wireless communications provider’s stock after acquiring an additional 162,319 shares during the quarter. Dimensional Fund Advisors LP owned approximately 6.74% of Telephone and Data Systems worth $208,051,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TDS. Tiedemann Wealth Management LLC acquired a new position in Telephone and Data Systems during the 3rd quarter worth about $128,000. Schwab Charles Investment Management Inc. lifted its holdings in Telephone and Data Systems by 3.7% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 622,462 shares of the Wireless communications provider’s stock worth $17,361,000 after buying an additional 22,050 shares during the period. Commonwealth Bank of Australia lifted its holdings in Telephone and Data Systems by 19.2% during the 3rd quarter. Commonwealth Bank of Australia now owns 34,700 shares of the Wireless communications provider’s stock worth $965,000 after buying an additional 5,600 shares during the period. Wells Fargo & Company MN lifted its holdings in Telephone and Data Systems by 433.0% during the 3rd quarter. Wells Fargo & Company MN now owns 461,308 shares of the Wireless communications provider’s stock worth $12,865,000 after buying an additional 374,763 shares during the period. Finally, Citadel Advisors LLC lifted its holdings in Telephone and Data Systems by 15.1% during the 3rd quarter. Citadel Advisors LLC now owns 210,305 shares of the Wireless communications provider’s stock worth $5,866,000 after buying an additional 27,558 shares during the period. 83.79% of the stock is currently owned by institutional investors.

Several research analysts have commented on TDS shares. Drexel Hamilton raised Telephone and Data Systems from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Zacks Investment Research raised Telephone and Data Systems from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a report on Monday, November 13th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $29.00.

Shares of Telephone and Data Systems, Inc. (TDS) traded up $0.13 during trading hours on Monday, hitting $26.59. The stock had a trading volume of 389,000 shares, compared to its average volume of 682,461. The firm has a market cap of $2,951.49, a P/E ratio of 59.09 and a beta of 0.98. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.42 and a quick ratio of 2.29. Telephone and Data Systems, Inc. has a 12 month low of $24.57 and a 12 month high of $32.97.

Telephone and Data Systems (NYSE:TDS) last announced its quarterly earnings data on Wednesday, November 8th. The Wireless communications provider reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.09). The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.26 billion. Telephone and Data Systems had a negative net margin of 2.77% and a positive return on equity of 1.08%. The firm’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.11 earnings per share. research analysts predict that Telephone and Data Systems, Inc. will post -1.27 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Friday, December 15th will be paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend is Thursday, December 14th. Telephone and Data Systems’s dividend payout ratio is -48.82%.

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Telephone and Data Systems Profile

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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