Telephone and Data Systems, Inc. $TDS Shares Sold by Cooper Investors PTY Ltd.

Cooper Investors PTY Ltd. lowered its position in Telephone and Data Systems, Inc. (NYSE:TDS) by 90.6% in the 3rd quarter, Holdings Channel reports. The firm owned 19,945 shares of the Wireless communications provider’s stock after selling 192,900 shares during the quarter. Telephone and Data Systems accounts for approximately 0.4% of Cooper Investors PTY Ltd.’s portfolio, making the stock its 29th biggest position. Cooper Investors PTY Ltd.’s holdings in Telephone and Data Systems were worth $677,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of TDS. Dimensional Fund Advisors LP boosted its position in shares of Telephone and Data Systems by 1.4% during the first quarter. Dimensional Fund Advisors LP now owns 6,482,147 shares of the Wireless communications provider’s stock valued at $272,898,000 after buying an additional 90,097 shares during the period. Carronade Capital Management LP boosted its holdings in Telephone and Data Systems by 10.0% during the 1st quarter. Carronade Capital Management LP now owns 4,623,934 shares of the Wireless communications provider’s stock valued at $194,668,000 after acquiring an additional 420,340 shares during the period. Oaktree Capital Management LP boosted its holdings in Telephone and Data Systems by 16.4% during the 1st quarter. Oaktree Capital Management LP now owns 4,292,243 shares of the Wireless communications provider’s stock valued at $180,703,000 after acquiring an additional 603,857 shares during the period. 140 Summer Partners LP grew its position in Telephone and Data Systems by 5.3% in the 4th quarter. 140 Summer Partners LP now owns 1,315,306 shares of the Wireless communications provider’s stock valued at $53,928,000 after acquiring an additional 66,148 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in Telephone and Data Systems in the 2nd quarter valued at $31,096,000. Hedge funds and other institutional investors own 80.00% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on TDS shares. Weiss Ratings lowered Telephone and Data Systems from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday. JPMorgan Chase & Co. lowered their target price on shares of Telephone and Data Systems from $51.00 to $48.00 and set an “overweight” rating for the company in a research note on Wednesday, August 19th. Citigroup cut their price target on shares of Telephone and Data Systems from $50.00 to $47.00 and set a “buy” rating on the stock in a report on Thursday, August 13th. Finally, Zacks Research downgraded shares of Telephone and Data Systems from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 9th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $47.50.

Telephone and Data Systems Trading Up 0.0%

TDS traded up $0.00 during trading on Tuesday, hitting $34.79. 1,913,939 shares of the stock were exchanged, compared to its average volume of 1,127,969. The firm has a 50 day simple moving average of $35.30 and a 200 day simple moving average of $38.39. The firm has a market cap of $4.00 billion, a price-to-earnings ratio of 11.60 and a beta of 0.32. Telephone and Data Systems, Inc. has a 1 year low of $31.51 and a 1 year high of $49.12. The company has a debt-to-equity ratio of 0.15, a quick ratio of 3.81 and a current ratio of 3.82.

Telephone and Data Systems (NYSE:TDS) last issued its earnings results on Friday, August 7th. The Wireless communications provider reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $2.15. Telephone and Data Systems had a return on equity of 11.97% and a net margin of 33.20%. The business had revenue of $309.28 million during the quarter, compared to analyst estimates of $315.78 million. During the same period in the previous year, the company posted ($0.05) EPS. Telephone and Data Systems’s revenue was up 3.6% on a year-over-year basis. As a group, equities analysts expect that Telephone and Data Systems, Inc. will post -0.24 EPS for the current year.

Telephone and Data Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were paid a dividend of $0.04 per share. The ex-dividend date was Tuesday, September 15th. 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 5.33%.

Telephone and Data Systems Profile

Telephone and Data Systems, Inc (NYSE:TDS) is a telecommunications company founded in 1969 and headquartered in Chicago, Illinois. Through its operating businesses, the company provides connectivity and communications services to residential, business and institutional customers in communities across the United States.

TDS Telecom is the company’s primary operating business and offers broadband internet, voice, video and related communications services. Its broadband network includes fiber-optic and other high-speed technologies, while its business services include managed networking, cloud-based solutions, hosted communications and other technology services for organizations.

Historically, TDS also owned UScellular, a wireless communications provider serving customers in portions of the United States.