Telephone and Data Systems, Inc. (TDS) Stake Boosted by Vanguard Group Inc.

Vanguard Group Inc. increased its stake in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 2.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,668,119 shares of the Wireless communications provider’s stock after buying an additional 246,308 shares during the period. Vanguard Group Inc. owned 0.09% of Telephone and Data Systems worth $256,302,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. Menta Capital LLC bought a new stake in Telephone and Data Systems during the first quarter valued at $1,495,000. Marshall Wace North America L.P. bought a new stake in Telephone and Data Systems during the first quarter valued at $2,621,000. MARSHALL WACE ASIA Ltd bought a new stake in Telephone and Data Systems during the first quarter valued at $2,621,000. Thrivent Financial For Lutherans boosted its stake in Telephone and Data Systems by 11.8% in the first quarter. Thrivent Financial For Lutherans now owns 17,785 shares of the Wireless communications provider’s stock valued at $471,000 after buying an additional 1,880 shares during the last quarter. Finally, Teacher Retirement System of Texas boosted its stake in Telephone and Data Systems by 2.4% in the first quarter. Teacher Retirement System of Texas now owns 7,923 shares of the Wireless communications provider’s stock valued at $210,000 after buying an additional 183 shares during the last quarter. Institutional investors and hedge funds own 81.15% of the company’s stock.

Shares of Telephone and Data Systems, Inc. (NYSE TDS) opened at 27.66 on Monday. The company has a market cap of $3.05 billion, a PE ratio of 42.49 and a beta of 1.05. Telephone and Data Systems, Inc. has a 1-year low of $24.12 and a 1-year high of $32.97. The company has a 50 day moving average of $27.91 and a 200 day moving average of $28.18.

Telephone and Data Systems (NYSE:TDS) last announced its quarterly earnings results on Friday, May 5th. The Wireless communications provider reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.32. Telephone and Data Systems had a net margin of 1.43% and a return on equity of 1.41%. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same quarter in the prior year, the business earned $0.07 EPS. Telephone and Data Systems’s quarterly revenue was down 1.3% on a year-over-year basis. Equities analysts expect that Telephone and Data Systems, Inc. will post $0.43 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Friday, June 16th were paid a $0.155 dividend. The ex-dividend date was Wednesday, June 14th. This represents a $0.62 dividend on an annualized basis and a yield of 2.24%. Telephone and Data Systems’s dividend payout ratio (DPR) is currently 96.88%.

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Separately, BidaskClub cut shares of Telephone and Data Systems from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd.

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).

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

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