Legal & General Group Plc Boosts Holdings in Telephone & Data Systems, Inc. (TDS)

Legal & General Group Plc raised its stake in Telephone & Data Systems, Inc. (NYSE:TDS) by 0.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 178,719 shares of the Wireless communications provider’s stock after acquiring an additional 1,286 shares during the period. Legal & General Group Plc’s holdings in Telephone & Data Systems were worth $5,439,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC bought a new position in shares of Telephone & Data Systems in the third quarter valued at $100,000. Point72 Hong Kong Ltd bought a new position in shares of Telephone & Data Systems in the second quarter valued at $160,000. Macquarie Group Ltd. increased its holdings in shares of Telephone & Data Systems by 38.9% in the second quarter. Macquarie Group Ltd. now owns 7,500 shares of the Wireless communications provider’s stock valued at $206,000 after buying an additional 2,100 shares in the last quarter. Sei Investments Co. increased its holdings in shares of Telephone & Data Systems by 180.1% in the second quarter. Sei Investments Co. now owns 8,095 shares of the Wireless communications provider’s stock valued at $222,000 after buying an additional 5,205 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Telephone & Data Systems by 169.2% in the second quarter. Tower Research Capital LLC TRC now owns 8,702 shares of the Wireless communications provider’s stock valued at $238,000 after buying an additional 5,469 shares in the last quarter. 81.34% of the stock is currently owned by institutional investors.

In other Telephone & Data Systems news, VP Douglas W. Chambers sold 16,455 shares of Telephone & Data Systems stock in a transaction that occurred on Tuesday, November 6th. The shares were sold at an average price of $34.33, for a total transaction of $564,900.15. Following the transaction, the vice president now directly owns 12,828 shares in the company, valued at approximately $440,385.24. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO James W. Butman sold 37,600 shares of Telephone & Data Systems stock in a transaction that occurred on Friday, November 9th. The stock was sold at an average price of $35.50, for a total transaction of $1,334,800.00. Following the transaction, the chief executive officer now owns 33,380 shares in the company, valued at $1,184,990. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 173,495 shares of company stock worth $6,141,424. Corporate insiders own 16.27% of the company’s stock.

NYSE TDS opened at $36.73 on Friday. Telephone & Data Systems, Inc. has a twelve month low of $23.54 and a twelve month high of $36.99. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.65 and a current ratio of 2.80. The company has a market cap of $4.03 billion, a price-to-earnings ratio of 69.30 and a beta of 0.84.

Telephone & Data Systems (NYSE:TDS) last posted its quarterly earnings data on Friday, November 2nd. The Wireless communications provider reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.16. Telephone & Data Systems had a net margin of 7.96% and a return on equity of 2.43%. The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the previous year, the company posted $0.08 EPS. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. As a group, equities analysts expect that Telephone & Data Systems, Inc. will post 1.18 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 28th. Shareholders of record on Friday, December 14th were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.74%. The ex-dividend date was Thursday, December 13th. Telephone & Data Systems’s payout ratio is 120.75%.

Several research firms have issued reports on TDS. B. Riley reaffirmed a “buy” rating and issued a $42.00 price target on shares of Telephone & Data Systems in a report on Thursday, November 1st. Raymond James upped their price target on Telephone & Data Systems from $31.00 to $36.00 and gave the company a “buy” rating in a report on Tuesday, November 6th. Zacks Investment Research raised Telephone & Data Systems from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a report on Saturday, January 5th. Finally, ValuEngine raised Telephone & Data Systems from a “hold” rating to a “buy” rating in a report on Wednesday, October 3rd. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $37.40.

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About Telephone & Data Systems

Telephone and Data Systems, Inc, a telecommunications company, provides wireless, wireline, cable, and hosted and managed services in the United States. The company offers cellular services, such as postpaid national plans and prepaid service plans with voice, messaging, and data usage options; and business rate plans.

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

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