Pacad Investment Ltd. Boosts Holdings in Telephone and Data Systems, Inc. (TDS)

Pacad Investment Ltd. boosted its position in Telephone and Data Systems, Inc. (NYSE:TDS) by 1,057.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,100 shares of the Wireless communications provider’s stock after purchasing an additional 7,400 shares during the quarter. Pacad Investment Ltd.’s holdings in Telephone and Data Systems were worth $225,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Principal Financial Group Inc. raised its holdings in Telephone and Data Systems by 3.9% in the second quarter. Principal Financial Group Inc. now owns 396,840 shares of the Wireless communications provider’s stock worth $11,012,000 after purchasing an additional 14,859 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Telephone and Data Systems by 11.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,795 shares of the Wireless communications provider’s stock worth $105,000 after purchasing an additional 387 shares in the last quarter. Brookstone Capital Management bought a new position in Telephone and Data Systems in the second quarter worth $298,000. Pacer Advisors Inc. raised its holdings in Telephone and Data Systems by 17.6% in the second quarter. Pacer Advisors Inc. now owns 12,664 shares of the Wireless communications provider’s stock worth $351,000 after purchasing an additional 1,892 shares in the last quarter. Finally, Utah Retirement Systems raised its holdings in Telephone and Data Systems by 2.3% in the second quarter. Utah Retirement Systems now owns 17,676 shares of the Wireless communications provider’s stock worth $491,000 after purchasing an additional 400 shares in the last quarter. Institutional investors and hedge funds own 82.53% of the company’s stock.

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Several brokerages have recently weighed in on TDS. Zacks Investment Research upgraded Telephone and Data Systems from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a report on Tuesday, August 8th. BidaskClub upgraded Telephone and Data Systems from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $35.00.

Telephone and Data Systems, Inc. (TDS) opened at 27.24 on Wednesday. The company has a market capitalization of $3.01 billion, a P/E ratio of 55.71 and a beta of 1.04. The stock’s 50 day moving average price is $28.74 and its 200 day moving average price is $27.59. Telephone and Data Systems, Inc. has a one year low of $24.12 and a one year high of $32.98.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a dividend of $0.155 per share. 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 dividend payout ratio (DPR) is currently 129.17%.

Telephone and Data Systems Profile

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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