Arizona State Retirement System increased its position in Telephone & Data Systems, Inc. (NYSE:TDS) by 3.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 64,452 shares of the Wireless communications provider’s stock after acquiring an additional 1,920 shares during the period. Arizona State Retirement System owned approximately 0.06% of Telephone & Data Systems worth $1,767,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Advisors Preferred LLC acquired a new position in shares of Telephone & Data Systems in the 2nd quarter worth approximately $134,000. SG Americas Securities LLC grew its stake in shares of Telephone & Data Systems by 43.5% in the 2nd quarter. SG Americas Securities LLC now owns 224,379 shares of the Wireless communications provider’s stock worth $6,152,000 after purchasing an additional 68,044 shares during the last quarter. State Board of Administration of Florida Retirement System grew its stake in shares of Telephone & Data Systems by 21.3% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 174,213 shares of the Wireless communications provider’s stock worth $4,777,000 after purchasing an additional 30,623 shares during the last quarter. Brookstone Capital Management grew its stake in shares of Telephone & Data Systems by 25.3% in the 2nd quarter. Brookstone Capital Management now owns 19,626 shares of the Wireless communications provider’s stock worth $538,000 after purchasing an additional 3,962 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its stake in shares of Telephone & Data Systems by 9.2% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 195,720 shares of the Wireless communications provider’s stock worth $5,367,000 after purchasing an additional 16,503 shares during the last quarter. 81.33% of the stock is currently owned by institutional investors and hedge funds.

Shares of TDS opened at $29.37 on Friday. Telephone & Data Systems, Inc. has a one year low of $23.54 and a one year high of $31.01. The stock has a market capitalization of $3.32 billion, a price-to-earnings ratio of 55.42 and a beta of 0.85. The company has a quick ratio of 2.75, a current ratio of 2.96 and a debt-to-equity ratio of 0.47.

Telephone & Data Systems (NYSE:TDS) last announced its earnings results on Friday, August 3rd. The Wireless communications provider reported $0.29 EPS for the quarter, topping the consensus estimate of $0.23 by $0.06. Telephone & Data Systems had a net margin of 3.53% and a return on equity of 1.98%. The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same period last year, the company posted $0.09 earnings per share. The business’s revenue for the quarter was up .6% on a year-over-year basis. analysts anticipate that Telephone & Data Systems, Inc. will post 0.68 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 14th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 2.18%. The ex-dividend date is Thursday, September 13th. Telephone & Data Systems’s payout ratio is 120.75%.

Several equities analysts have recently issued reports on TDS shares. ValuEngine raised shares of Telephone & Data Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, June 20th. Zacks Investment Research upgraded shares of Telephone & Data Systems from a “hold” rating to a “strong-buy” rating and set a $31.00 target price for the company in a report on Tuesday, July 3rd. JPMorgan Chase & Co. cut shares of Telephone & Data Systems from a “neutral” rating to an “underweight” rating and set a $34.00 target price for the company. in a report on Wednesday, July 11th. Finally, Citigroup raised their target price on shares of Telephone & Data Systems from $37.00 to $39.00 and gave the stock a “buy” rating in a report on Wednesday, August 8th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $34.67.

In other Telephone & Data Systems news, Director Mitchell H. Saranow sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, June 13th. The shares were sold at an average price of $26.66, for a total value of $106,640.00. Following the completion of the transaction, the director now directly owns 15,964 shares in the company, valued at $425,600.24. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Prudence E. Carlson sold 5,933 shares of the firm’s stock in a transaction dated Wednesday, June 20th. The stock was sold at an average price of $27.10, for a total transaction of $160,784.30. Following the completion of the transaction, the director now owns 53,808 shares of the company’s stock, valued at $1,458,196.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 198,130 shares of company stock valued at $5,958,192. Corporate insiders own 17.30% of the company’s stock.

Telephone & Data Systems Company Profile

Telephone and Data Systems, Inc, a telecommunications company, provides wireless, wireline, cable, and hosted and managed services in the United States. The company offers cellular services, such as postpaid national plans and prepaid service plans with voice, messaging, and data usage options; and business rate plans.

Featured Article: Dividend

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

Receive News & Ratings for Telephone & Data Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telephone & Data Systems and related companies with MarketBeat.com's FREE daily email newsletter.