Telephone and Data Systems, Inc. (TDS) Shares Bought by Sei Investments Co.

Sei Investments Co. raised its position in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 13.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,868 shares of the Wireless communications provider’s stock after acquiring an additional 594 shares during the quarter. Sei Investments Co.’s holdings in Telephone and Data Systems were worth $135,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of TDS. BlackRock Inc. boosted its position in Telephone and Data Systems by 4,117.8% during the first quarter. BlackRock Inc. now owns 16,773,204 shares of the Wireless communications provider’s stock valued at $444,657,000 after acquiring an additional 16,375,531 shares during the last quarter. Teachers Advisors LLC boosted its position in Telephone and Data Systems by 23.8% during the first quarter. Teachers Advisors LLC now owns 2,787,371 shares of the Wireless communications provider’s stock valued at $73,893,000 after acquiring an additional 536,603 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Telephone and Data Systems by 8.4% during the first quarter. Dimensional Fund Advisors LP now owns 6,284,698 shares of the Wireless communications provider’s stock valued at $166,607,000 after acquiring an additional 487,203 shares during the last quarter. Brookfield Asset Management Inc. bought a new stake in Telephone and Data Systems during the first quarter valued at $9,544,000. Finally, Morgan Stanley boosted its position in Telephone and Data Systems by 71.0% during the first quarter. Morgan Stanley now owns 738,609 shares of the Wireless communications provider’s stock valued at $19,581,000 after acquiring an additional 306,786 shares during the last quarter. 82.53% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have commented on the stock. BidaskClub raised shares of Telephone and Data Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. Zacks Investment Research cut shares of Telephone and Data Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $35.00.

Shares of Telephone and Data Systems, Inc. (NYSE:TDS) opened at 27.24 on Wednesday. The company has a market cap of $3.01 billion, a PE ratio of 55.71 and a beta of 1.04. The firm’s 50-day moving average is $28.74 and its 200-day moving average is $27.59. Telephone and Data Systems, Inc. has a 12 month low of $24.12 and a 12 month high of $32.98.

Telephone and Data Systems (NYSE:TDS) last released its quarterly earnings data on Friday, August 4th. The Wireless communications provider reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.04). Telephone and Data Systems had a net margin of 1.09% and a return on equity of 1.15%. The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the previous year, the firm posted $0.25 EPS. Telephone and Data Systems’s revenue was down 3.7% compared to the same quarter last year. On average, equities research analysts predict that Telephone and Data Systems, Inc. will post $0.45 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend is Thursday, September 14th. Telephone and Data Systems’s payout ratio is 129.17%.

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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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