Tudor Investment Corp ET AL cut its stake in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 26.5% during the first quarter, Holdings Channel reports. The firm owned 14,700 shares of the Wireless communications provider’s stock after selling 5,300 shares during the period. Tudor Investment Corp ET AL’s holdings in Telephone and Data Systems were worth $390,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in TDS. Jane Street Group LLC acquired a new stake in Telephone and Data Systems during the first quarter valued at approximately $386,000. Paloma Partners Management Co increased its stake in Telephone and Data Systems by 235.8% in the first quarter. Paloma Partners Management Co now owns 69,280 shares of the Wireless communications provider’s stock valued at $1,836,000 after buying an additional 48,646 shares during the period. BlueCrest Capital Management Ltd acquired a new stake in Telephone and Data Systems during the first quarter valued at approximately $6,253,000. Schwab Charles Investment Management Inc. increased its stake in Telephone and Data Systems by 12.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 559,735 shares of the Wireless communications provider’s stock valued at $14,839,000 after buying an additional 61,134 shares during the period. Finally, Amalgamated Bank increased its stake in Telephone and Data Systems by 3.0% in the first quarter. Amalgamated Bank now owns 15,077 shares of the Wireless communications provider’s stock valued at $400,000 after buying an additional 440 shares during the period. 81.15% of the stock is currently owned by institutional investors and hedge funds.

Shares of Telephone and Data Systems, Inc. (TDS) opened at 27.83 on Tuesday. The stock has a market capitalization of $3.07 billion, a P/E ratio of 42.75 and a beta of 1.05. The company’s 50-day moving average is $27.91 and its 200-day moving average is $28.18. Telephone and Data Systems, Inc. has a one year low of $24.12 and a one year high of $32.97.

Telephone and Data Systems (NYSE:TDS) last posted its quarterly earnings data on Friday, May 5th. The Wireless communications provider reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.32. Telephone and Data Systems had a net margin of 1.43% and a return on equity of 1.41%. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same period last year, the firm posted $0.07 EPS. Telephone and Data Systems’s quarterly revenue was down 1.3% on a year-over-year basis. On average, equities research analysts anticipate that Telephone and Data Systems, Inc. will post $0.43 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Friday, June 16th were given a $0.155 dividend. The ex-dividend date of this dividend was Wednesday, June 14th. This represents a $0.62 dividend on an annualized basis and a yield of 2.23%. Telephone and Data Systems’s dividend payout ratio (DPR) is 96.88%.

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Separately, BidaskClub downgraded shares of Telephone and Data Systems from a “hold” rating to a “sell” rating in a report on Sunday. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The company currently has an average rating of “Hold” and an average price target of $36.00.

Telephone and Data Systems Company 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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