118,735 Shares in Telephone and Data Systems, Inc. $TDS Purchased by Hahn Capital Management LLC

Hahn Capital Management LLC bought a new position in Telephone and Data Systems, Inc. (NYSE:TDS) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 118,735 shares of the Wireless communications provider’s stock, valued at approximately $4,999,000. Telephone and Data Systems comprises approximately 3.1% of Hahn Capital Management LLC’s portfolio, making the stock its 15th biggest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Swiss National Bank grew its holdings in shares of Telephone and Data Systems by 0.3% during the first quarter. Swiss National Bank now owns 203,000 shares of the Wireless communications provider’s stock worth $8,546,000 after purchasing an additional 700 shares in the last quarter. Bessemer Group Inc. raised its stake in Telephone and Data Systems by 0.6% in the first quarter. Bessemer Group Inc. now owns 88,810 shares of the Wireless communications provider’s stock valued at $3,738,000 after purchasing an additional 490 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in Telephone and Data Systems by 17.1% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 13,549 shares of the Wireless communications provider’s stock valued at $570,000 after purchasing an additional 1,979 shares during the last quarter. Bleakley Financial Group LLC bought a new stake in Telephone and Data Systems during the first quarter valued at approximately $426,000. Finally, Principal Financial Group Inc. grew its stake in Telephone and Data Systems by 2.0% in the 1st quarter. Principal Financial Group Inc. now owns 477,704 shares of the Wireless communications provider’s stock worth $20,111,000 after buying an additional 9,242 shares in the last quarter. Hedge funds and other institutional investors own 80.00% of the company’s stock.

Telephone and Data Systems Stock Performance

NYSE:TDS opened at $34.32 on Monday. The company has a market capitalization of $3.91 billion, a price-to-earnings ratio of 64.75 and a beta of 0.30. The business has a 50 day moving average of $38.52 and a 200 day moving average of $42.24. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.43 and a quick ratio of 3.42. Telephone and Data Systems, Inc. has a 1-year low of $33.37 and a 1-year high of $49.12.

Telephone and Data Systems (NYSE:TDS) last issued its quarterly earnings results on Friday, May 8th. The Wireless communications provider reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of ($0.87) by $1.98. The business had revenue of $309.45 million for the quarter, compared to analysts’ expectations of $313.27 million. Telephone and Data Systems had a net margin of 6.15% and a return on equity of 5.54%. The business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the business earned ($0.09) earnings per share. On average, sell-side analysts predict that Telephone and Data Systems, Inc. will post 0.94 earnings per share for the current fiscal year.

Telephone and Data Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $0.16 annualized dividend and a dividend yield of 0.5%. Telephone and Data Systems’s dividend payout ratio (DPR) is currently 30.19%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TDS shares. Weiss Ratings lowered shares of Telephone and Data Systems from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 18th. Raymond James Financial downgraded shares of Telephone and Data Systems from an “outperform” rating to a “market perform” rating in a report on Monday, May 11th. Finally, Wall Street Zen upgraded shares of Telephone and Data Systems from a “sell” rating to a “hold” rating in a research report on Saturday, May 30th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Telephone and Data Systems presently has an average rating of “Hold” and an average target price of $53.33.

Telephone and Data Systems Profile

Telephone and Data Systems, Inc (NYSE: TDS) is a diversified telecommunications company headquartered in Chicago, Illinois. Through its subsidiaries, the company provides a broad array of communications services, including wireless voice and data, wireline broadband and voice, cable television, and managed IT and cloud solutions. Its two primary operating units—TDS Telecom and U.S. Cellular—serve residential, business and wholesale customers across the United States.

TDS Telecom focuses on delivering broadband internet, digital voice, video and data communications services in primarily rural and suburban markets.