QV Investors Inc. decreased its stake in Telephone and Data Systems, Inc. (NYSE:TDS) by 33.2% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 550,259 shares of the Wireless communications provider’s stock after selling 272,900 shares during the period. Telephone and Data Systems comprises 1.3% of QV Investors Inc.’s investment portfolio, making the stock its 26th largest position. QV Investors Inc.’s holdings in Telephone and Data Systems were worth $15,269,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its stake in Telephone and Data Systems by 487.2% in the first quarter. Wells Fargo & Company MN now owns 140,290 shares of the Wireless communications provider’s stock valued at $3,718,000 after buying an additional 116,397 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in Telephone and Data Systems by 1.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 33,105 shares of the Wireless communications provider’s stock valued at $878,000 after buying an additional 500 shares during the period. Miller Howard Investments Inc. NY boosted its stake in Telephone and Data Systems by 1.6% in the first quarter. Miller Howard Investments Inc. NY now owns 116,575 shares of the Wireless communications provider’s stock valued at $3,090,000 after buying an additional 1,828 shares during the period. River Road Asset Management LLC boosted its stake in Telephone and Data Systems by 24.6% in the first quarter. River Road Asset Management LLC now owns 760,210 shares of the Wireless communications provider’s stock valued at $20,153,000 after buying an additional 150,008 shares during the period. Finally, First Quadrant L P CA boosted its stake in Telephone and Data Systems by 125.7% in the first quarter. First Quadrant L P CA now owns 596,613 shares of the Wireless communications provider’s stock valued at $15,816,000 after buying an additional 332,303 shares during the period. Institutional investors own 80.55% of the company’s stock.

Shares of Telephone and Data Systems, Inc. (NYSE:TDS) opened at 28.70 on Friday. The company has a 50-day moving average price of $28.21 and a 200 day moving average price of $27.88. Telephone and Data Systems, Inc. has a one year low of $24.12 and a one year high of $32.98. The company has a market capitalization of $3.17 billion, a PE ratio of 58.69 and a beta of 1.04.

Telephone and Data Systems (NYSE:TDS) last announced its quarterly earnings data on Friday, August 4th. The Wireless communications provider reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.13 by $0.04. The firm had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Telephone and Data Systems had a net margin of 1.09% and a return on equity of 1.15%. The business’s quarterly revenue was down 3.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.25 earnings per share. Equities analysts anticipate that Telephone and Data Systems, Inc. will post $0.44 EPS for the current year.

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Several research firms 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 on the stock 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 investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Telephone and Data Systems presently has an average rating of “Hold” and a consensus target price of $35.00.

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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