Credit Agricole S A increased its stake in Telephone & Data Systems, Inc. (NYSE:TDS) by 211.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,623 shares of the company’s stock after buying an additional 11,959 shares during the period. Credit Agricole S A’s holdings in Telephone & Data Systems were worth $509,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TDS. Nordea Investment Management AB raised its position in Telephone & Data Systems by 85.1% in the third quarter. Nordea Investment Management AB now owns 39,736 shares of the company’s stock valued at $1,080,000 after buying an additional 18,274 shares during the last quarter. Quantbot Technologies LP bought a new position in Telephone & Data Systems during the third quarter valued at approximately $192,000. Advisors Asset Management Inc. raised its position in Telephone & Data Systems by 0.6% in the third quarter. Advisors Asset Management Inc. now owns 22,833 shares of the company’s stock valued at $621,000 after buying an additional 136 shares during the last quarter. Wells Fargo & Company MN raised its position in Telephone & Data Systems by 36.1% in the third quarter. Wells Fargo & Company MN now owns 15,725 shares of the company’s stock valued at $428,000 after buying an additional 4,168 shares during the last quarter. Finally, World Asset Management Inc bought a new position in Telephone & Data Systems during the third quarter valued at approximately $208,000. 80.05% of the stock is owned by hedge funds and other institutional investors.

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

Telephone & Data Systems, Inc. (NYSE:TDS) opened at 26.25 on Tuesday. The company’s 50-day moving average price is $28.72 and its 200 day moving average price is $28.01. The stock has a market capitalization of $2.89 billion, a P/E ratio of 67.31 and a beta of 1.19. Telephone & Data Systems, Inc. has a 52 week low of $24.12 and a 52 week high of $32.97.

Telephone & Data Systems (NYSE:TDS) last issued its quarterly earnings data on Friday, February 24th. The company reported ($0.05) earnings per share for the quarter, hitting the consensus estimate of ($0.05). The company earned $1.28 billion during the quarter, compared to analyst estimates of $1.36 billion. Telephone & Data Systems had a return on equity of 0.76% and a net margin of 0.94%. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.01) earnings per share. Equities research analysts expect that Telephone & Data Systems, Inc. will post $0.28 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Friday, March 17th will be given a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 2.36%. This is a positive change from Telephone & Data Systems’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Wednesday, March 15th. Telephone & Data Systems’s dividend payout ratio is presently 140.48%.

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Several research firms have recently commented on TDS. Drexel Hamilton lowered Telephone & Data Systems from a “buy” rating to a “hold” rating in a research report on Friday, February 24th. Raymond James Financial, Inc. reissued a “market perform” rating on shares of Telephone & Data Systems in a research report on Monday, February 27th. Finally, Zacks Investment Research lowered Telephone & Data Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, March 8th.

Telephone & Data Systems Company Profile

Telephone and Data Systems, Inc is a diversified telecommunications company. The Company conducts its Wireless operations through its subsidiary, United States Cellular Corporation (U.S. Cellular). It provides Wireline services, cable services and hosted and managed services, through its subsidiary, TDS Telecommunications Corporation (TDS Telecom).

5 Day Chart for NYSE:TDS

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