85,157 Shares in Telephone and Data Systems, Inc. $TDS Acquired by BTG Pactual Asset Management US LLC

BTG Pactual Asset Management US LLC acquired a new stake in Telephone and Data Systems, Inc. (NYSE:TDS) during the second quarter, according to its most recent filing with the SEC. The firm acquired 85,157 shares of the Wireless communications provider’s stock, valued at approximately $3,152,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPL Wealth Management LLC bought a new position in Telephone and Data Systems in the third quarter valued at about $33,000. Caitong International Asset Management Co. Ltd raised its holdings in Telephone and Data Systems by 2,779.5% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,123 shares of the Wireless communications provider’s stock worth $46,000 after purchasing an additional 1,084 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Telephone and Data Systems by 29.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,085 shares of the Wireless communications provider’s stock valued at $46,000 after purchasing an additional 245 shares during the period. Ameliora Wealth Management Ltd. bought a new position in shares of Telephone and Data Systems in the 1st quarter valued at about $90,000. Finally, CIBC Private Wealth Group LLC bought a new position in shares of Telephone and Data Systems in the 4th quarter valued at about $91,000. Institutional investors own 80.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on TDS shares. JPMorgan Chase & Co. dropped their price target on shares of Telephone and Data Systems from $51.00 to $48.00 and set an “overweight” rating for the company in a research note on Wednesday, August 19th. Citigroup lowered their target price on shares of Telephone and Data Systems from $50.00 to $47.00 and set a “buy” rating for the company in a report on Thursday, August 13th. Wall Street Zen upgraded shares of Telephone and Data Systems from a “sell” rating to a “hold” rating in a research report on Saturday, May 30th. Zacks Research upgraded Telephone and Data Systems from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. Finally, Weiss Ratings raised Telephone and Data Systems from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $47.50.

Telephone and Data Systems Stock Performance

Shares of NYSE:TDS opened at $33.70 on Monday. The firm’s 50 day simple moving average is $34.84 and its 200 day simple moving average is $40.25. Telephone and Data Systems, Inc. has a fifty-two week low of $31.51 and a fifty-two week high of $49.12. The company has a market capitalization of $3.88 billion, a price-to-earnings ratio of 11.23 and a beta of 0.32. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.82 and a quick ratio of 3.81.

Telephone and Data Systems (NYSE:TDS) last issued its quarterly earnings data on Friday, August 7th. The Wireless communications provider reported $2.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $2.15. Telephone and Data Systems had a net margin of 33.20% and a return on equity of 11.97%. The firm had revenue of $309.28 million during the quarter, compared to analysts’ expectations of $315.78 million. During the same quarter in the previous year, the company earned ($0.05) earnings per share. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. As a group, sell-side analysts forecast that Telephone and Data Systems, Inc. will post -0.24 earnings per share for the current year.

Telephone and Data Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Tuesday, September 15th. Telephone and Data Systems’s dividend payout ratio (DPR) is currently 5.33%.

About Telephone and Data Systems

Telephone and Data Systems, Inc (NYSE: TDS) is a diversified telecommunications company headquartered in Chicago, Illinois. Through its subsidiaries, the company provides a broad array of communications services, including wireless voice and data, wireline broadband and voice, cable television, and managed IT and cloud solutions. Its two primary operating units—TDS Telecom and U.S. Cellular—serve residential, business and wholesale customers across the United States.

TDS Telecom focuses on delivering broadband internet, digital voice, video and data communications services in primarily rural and suburban markets.