Teachers Advisors LLC reduced its position in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 0.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,764,215 shares of the Wireless communications provider’s stock after selling 23,156 shares during the quarter. Teachers Advisors LLC owned 2.51% of Telephone and Data Systems worth $76,707,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Telephone and Data Systems by 11.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,795 shares of the Wireless communications provider’s stock worth $105,000 after acquiring an additional 387 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Telephone and Data Systems by 2.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 4,094 shares of the Wireless communications provider’s stock worth $108,000 after acquiring an additional 84 shares in the last quarter. Sei Investments Co. boosted its stake in shares of Telephone and Data Systems by 13.9% during the 2nd quarter. Sei Investments Co. now owns 4,868 shares of the Wireless communications provider’s stock worth $135,000 after acquiring an additional 594 shares in the last quarter. LS Investment Advisors LLC boosted its stake in shares of Telephone and Data Systems by 20.0% during the 2nd quarter. LS Investment Advisors LLC now owns 7,451 shares of the Wireless communications provider’s stock worth $207,000 after acquiring an additional 1,242 shares in the last quarter. Finally, Wedge Capital Management L L P NC purchased a new stake in shares of Telephone and Data Systems during the 2nd quarter worth about $209,000. 82.53% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Telephone and Data Systems, Inc. (TDS) opened at 26.50 on Friday. Telephone and Data Systems, Inc. has a 12-month low of $24.12 and a 12-month high of $32.98. The firm has a 50-day moving average of $28.61 and a 200-day moving average of $27.56. The firm has a market cap of $2.93 billion, a P/E ratio of 54.18 and a beta of 1.04.

Telephone and Data Systems (NYSE:TDS) last released its quarterly earnings data on Friday, August 4th. The Wireless communications provider reported $0.09 EPS 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 firm’s quarterly revenue was down 3.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.25 EPS. On average, equities analysts forecast that Telephone and Data Systems, Inc. will post $0.45 earnings per share 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 issued a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date is Thursday, September 14th. Telephone and Data Systems’s dividend payout ratio is currently 129.17%.

TDS has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Telephone and Data Systems from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research note on Tuesday, August 8th. BidaskClub downgraded shares of Telephone and Data Systems from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Telephone and Data Systems has a consensus rating of “Hold” and an average 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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