Telephone & Data Systems, Inc. (TDS) Position Boosted by Quantbot Technologies LP

Quantbot Technologies LP boosted its holdings in Telephone & Data Systems, Inc. (NYSE:TDS) by 20.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 55,694 shares of the Wireless communications provider’s stock after buying an additional 9,593 shares during the quarter. Quantbot Technologies LP’s holdings in Telephone & Data Systems were worth $1,694,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of TDS. Pinnacle Associates Ltd. lifted its position in Telephone & Data Systems by 0.7% in the third quarter. Pinnacle Associates Ltd. now owns 325,778 shares of the Wireless communications provider’s stock valued at $9,913,000 after purchasing an additional 2,225 shares during the period. Trexquant Investment LP acquired a new stake in Telephone & Data Systems in the third quarter valued at about $800,000. BlackRock Inc. lifted its position in Telephone & Data Systems by 1.5% in the third quarter. BlackRock Inc. now owns 17,222,208 shares of the Wireless communications provider’s stock valued at $524,073,000 after purchasing an additional 260,949 shares during the period. Bank of New York Mellon Corp lifted its position in Telephone & Data Systems by 1.1% in the third quarter. Bank of New York Mellon Corp now owns 1,476,148 shares of the Wireless communications provider’s stock valued at $44,918,000 after purchasing an additional 15,937 shares during the period. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Telephone & Data Systems in the third quarter valued at about $609,000. 82.68% of the stock is currently owned by hedge funds and other institutional investors.

In other news, VP Kurt B. Thaus sold 41,499 shares of Telephone & Data Systems stock in a transaction that occurred on Tuesday, November 27th. The shares were sold at an average price of $35.47, for a total transaction of $1,471,969.53. Following the completion of the sale, the vice president now directly owns 22,600 shares in the company, valued at approximately $801,622. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Peter L. Sereda sold 10,998 shares of Telephone & Data Systems stock in a transaction that occurred on Tuesday, November 13th. The shares were sold at an average price of $35.31, for a total transaction of $388,339.38. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 189,645 shares of company stock valued at $6,634,347. Insiders own 17.30% of the company’s stock.

TDS stock opened at $35.73 on Friday. Telephone & Data Systems, Inc. has a 12-month low of $23.54 and a 12-month high of $36.52. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.80 and a quick ratio of 2.65. The company has a market cap of $4.03 billion, a PE ratio of 33.08 and a beta of 0.70.

Telephone & Data Systems (NYSE:TDS) last posted its quarterly earnings results on Friday, November 2nd. The Wireless communications provider reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the firm earned $0.08 EPS. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, analysts forecast that Telephone & Data Systems, Inc. will post 1.18 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 14th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.79%. Telephone & Data Systems’s payout ratio is 120.75%.

A number of brokerages recently commented on TDS. Zacks Investment Research downgraded shares of Telephone & Data Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, November 21st. B. Riley set a $42.00 price objective on shares of Telephone & Data Systems and gave the company a “buy” rating in a research report on Wednesday, November 7th. Raymond James raised their price objective on shares of Telephone & Data Systems from $31.00 to $36.00 and gave the company a “buy” rating in a research report on Tuesday, November 6th. ValuEngine upgraded shares of Telephone & Data Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, October 3rd. Finally, Citigroup raised their price objective on shares of Telephone & Data Systems from $37.00 to $39.00 and gave the company a “buy” rating in a research report on Wednesday, August 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $37.20.

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Telephone & Data Systems Profile

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.

Further Reading: Outstanding Shares

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

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