Profund Advisors LLC lessened its stake in Telephone and Data Systems, Inc. (NYSE:TDS) by 28.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 36,673 shares of the Wireless communications provider’s stock after selling 14,570 shares during the quarter. Profund Advisors LLC’s holdings in Telephone and Data Systems were worth $1,018,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of TDS. Bank of Montreal Can raised its stake in shares of Telephone and Data Systems by 14.9% in the 1st quarter. Bank of Montreal Can now owns 8,413 shares of the Wireless communications provider’s stock valued at $223,000 after purchasing an additional 1,091 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Telephone and Data Systems by 487.2% in the 1st quarter. Wells Fargo & Company MN now owns 140,290 shares of the Wireless communications provider’s stock valued at $3,718,000 after purchasing an additional 116,397 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in shares of Telephone and Data Systems by 5.4% in the 1st quarter. Great West Life Assurance Co. Can now owns 56,556 shares of the Wireless communications provider’s stock valued at $1,499,000 after purchasing an additional 2,907 shares in the last quarter. State Treasurer State of Michigan raised its stake in shares of Telephone and Data Systems by 1.1% in the 1st quarter. State Treasurer State of Michigan now owns 38,036 shares of the Wireless communications provider’s stock valued at $1,008,000 after purchasing an additional 400 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Telephone and Data Systems by 3.2% in the 1st quarter. Bank of New York Mellon Corp now owns 1,790,843 shares of the Wireless communications provider’s stock valued at $47,476,000 after purchasing an additional 56,024 shares in the last quarter. Institutional investors and hedge funds own 82.53% of the company’s stock.

Shares of Telephone and Data Systems, Inc. (NYSE TDS) opened at 27.62 on Friday. Telephone and Data Systems, Inc. has a 1-year low of $24.12 and a 1-year high of $32.98. The firm has a market cap of $3.06 billion, a price-to-earnings ratio of 56.48 and a beta of 1.04. The company’s 50-day moving average is $28.49 and its 200 day moving average is $27.57.

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 business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.27 billion. Telephone and Data Systems had a return on equity of 1.15% and a net margin of 1.09%. Telephone and Data Systems’s revenue was down 3.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.25 earnings per share. On average, equities research analysts expect that Telephone and Data Systems, Inc. will post $0.45 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders 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 dividend yield of 2.24%. The ex-dividend date of this dividend is Thursday, September 14th. Telephone and Data Systems’s payout ratio is 129.17%.

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A number of equities research analysts have recently issued reports on TDS shares. BidaskClub lowered shares of Telephone and Data Systems from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Zacks Investment Research lowered shares of Telephone and Data Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Telephone and Data Systems currently has an average rating of “Hold” and an average target price of $35.00.

About Telephone and Data Systems

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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