Commonwealth Bank of Australia Has $965,000 Stake in Telephone and Data Systems, Inc. (TDS)

Commonwealth Bank of Australia lifted its position in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 19.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,700 shares of the Wireless communications provider’s stock after purchasing an additional 5,600 shares during the period. Commonwealth Bank of Australia’s holdings in Telephone and Data Systems were worth $965,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of TDS. Prudential Financial Inc. raised its stake in Telephone and Data Systems by 24.6% during the 2nd quarter. Prudential Financial Inc. now owns 1,007,313 shares of the Wireless communications provider’s stock worth $27,953,000 after acquiring an additional 199,030 shares during the period. Virginia Retirement Systems ET AL boosted its position in shares of Telephone and Data Systems by 53.1% in the second quarter. Virginia Retirement Systems ET AL now owns 48,700 shares of the Wireless communications provider’s stock worth $1,351,000 after buying an additional 16,900 shares during the period. Nordea Investment Management AB lifted its stake in shares of Telephone and Data Systems by 15.0% in the second quarter. Nordea Investment Management AB now owns 67,913 shares of the Wireless communications provider’s stock worth $1,885,000 after acquiring an additional 8,848 shares in the last quarter. Aperio Group LLC raised its stake in Telephone and Data Systems by 20.5% during the third quarter. Aperio Group LLC now owns 64,555 shares of the Wireless communications provider’s stock valued at $1,800,000 after buying an additional 11,003 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Telephone and Data Systems by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 9,763,784 shares of the Wireless communications provider’s stock worth $270,946,000 after purchasing an additional 95,665 shares during the period. 83.79% of the stock is currently owned by institutional investors.

Several analysts recently issued reports on the company. Zacks Investment Research lowered Telephone and Data Systems from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Drexel Hamilton upgraded shares of Telephone and Data Systems from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Telephone and Data Systems presently has an average rating of “Hold” and a consensus price target of $29.00.

Shares of Telephone and Data Systems, Inc. (NYSE:TDS) traded down $1.05 during trading hours on Thursday, reaching $26.72. 711,500 shares of the company traded hands, compared to its average volume of 684,295. The company has a market cap of $3,082.47, a P/E ratio of 61.71 and a beta of 0.98. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.29 and a current ratio of 2.42. Telephone and Data Systems, Inc. has a fifty-two week low of $24.57 and a fifty-two week high of $32.97.

Telephone and Data Systems (NYSE:TDS) last released its quarterly earnings results on Wednesday, November 8th. The Wireless communications provider reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.09). The business had revenue of $1.25 billion for the quarter, compared to the consensus estimate 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%. Telephone and Data Systems’s revenue was down 4.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.11 EPS. equities analysts predict that Telephone and Data Systems, Inc. will post -1.27 earnings per share 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 issued a $0.155 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 2.32%. Telephone and Data Systems’s payout ratio is -48.82%.

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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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