ProShare Advisors LLC increased its stake in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 9.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 352,366 shares of the Wireless communications provider’s stock after buying an additional 30,230 shares during the quarter. ProShare Advisors LLC owned 0.32% of Telephone and Data Systems worth $9,778,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TDS. Zurcher Kantonalbank Zurich Cantonalbank lifted its position 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 buying an additional 387 shares during the period. Envestnet Asset Management Inc. lifted its position 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 buying an additional 84 shares during the period. Sei Investments Co. lifted its position 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 buying an additional 594 shares during the period. LS Investment Advisors LLC lifted its position 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 buying an additional 1,242 shares during the period. Finally, Wedge Capital Management L L P NC bought a new position in shares of Telephone and Data Systems during the 2nd quarter worth approximately $209,000. Institutional investors and hedge funds own 82.53% of the company’s stock.

Telephone and Data Systems, Inc. (TDS) traded up 0.15% during midday trading on Monday, hitting $26.92. The stock had a trading volume of 11,935 shares. Telephone and Data Systems, Inc. has a 1-year low of $24.12 and a 1-year high of $32.97. The company has a 50-day moving average of $28.56 and a 200-day moving average of $27.55. The stock has a market cap of $2.98 billion, a price-to-earnings ratio of 55.05 and a beta of 1.04.

Telephone and Data Systems (NYSE:TDS) last issued its quarterly earnings results 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). Telephone and Data Systems had a return on equity of 1.15% and a net margin of 1.09%. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the previous year, the business posted $0.25 earnings per share. The business’s revenue was down 3.7% on a year-over-year basis. Equities research analysts forecast that Telephone and Data Systems, Inc. will post $0.45 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.155 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.62 dividend on an annualized basis and a yield of 2.31%. Telephone and Data Systems’s payout ratio is currently 129.17%.

Several equities analysts have issued reports on the company. BidaskClub upgraded Telephone and Data Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. Zacks Investment Research downgraded Telephone and Data Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $35.00.

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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).

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

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