Swiss National Bank Has $2.29 Million Position in Telephone and Data Systems, Inc. (NYSE:TDS)

Swiss National Bank cut its holdings in shares of Telephone and Data Systems, Inc. (NYSE:TDSFree Report) by 10.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 217,700 shares of the Wireless communications provider’s stock after selling 26,700 shares during the period. Swiss National Bank owned about 0.19% of Telephone and Data Systems worth $2,288,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its position in shares of Telephone and Data Systems by 11.3% in the first quarter. JPMorgan Chase & Co. now owns 254,198 shares of the Wireless communications provider’s stock worth $4,800,000 after purchasing an additional 25,890 shares in the last quarter. Citigroup Inc. grew its holdings in shares of Telephone and Data Systems by 5.8% during the first quarter. Citigroup Inc. now owns 98,497 shares of the Wireless communications provider’s stock worth $1,860,000 after purchasing an additional 5,396 shares during the last quarter. Natixis Advisors L.P. increased its holdings in Telephone and Data Systems by 7.0% in the first quarter. Natixis Advisors L.P. now owns 71,806 shares of the Wireless communications provider’s stock valued at $1,356,000 after purchasing an additional 4,717 shares during the period. MetLife Investment Management LLC lifted its holdings in Telephone and Data Systems by 53.9% in the first quarter. MetLife Investment Management LLC now owns 53,418 shares of the Wireless communications provider’s stock valued at $1,009,000 after buying an additional 18,700 shares during the period. Finally, Rhumbline Advisers boosted its holdings in Telephone and Data Systems by 5.3% in the first quarter. Rhumbline Advisers now owns 340,146 shares of the Wireless communications provider’s stock worth $6,422,000 after acquiring an additional 17,202 shares in the last quarter. Institutional investors own 95.40% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on TDS shares. Citigroup lifted their price objective on shares of Telephone and Data Systems from $16.00 to $23.00 in a report on Friday, August 18th. JPMorgan Chase & Co. upgraded Telephone and Data Systems from a “neutral” rating to an “overweight” rating and set a $38.00 price objective for the company in a research report on Tuesday, August 8th. StockNews.com initiated coverage on Telephone and Data Systems in a research report on Thursday, August 17th. They set a “sell” rating for the company. Finally, Morgan Stanley lowered their price objective on Telephone and Data Systems from $16.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Telephone and Data Systems presently has a consensus rating of “Hold” and an average target price of $25.33.

View Our Latest Report on TDS

Telephone and Data Systems Trading Down 5.2 %

NYSE:TDS opened at $20.29 on Wednesday. The company has a current ratio of 1.37, a quick ratio of 1.20 and a debt-to-equity ratio of 0.71. Telephone and Data Systems, Inc. has a 12 month low of $6.43 and a 12 month high of $21.75. The firm has a fifty day simple moving average of $12.81 and a 200-day simple moving average of $10.58. The company has a market capitalization of $2.29 billion, a P/E ratio of -23.87 and a beta of 0.84.

Telephone and Data Systems (NYSE:TDSGet Free Report) last posted its quarterly earnings results on Friday, August 4th. The Wireless communications provider reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.13). The company had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Telephone and Data Systems had a negative return on equity of 0.51% and a negative net margin of 0.53%. The firm’s revenue was down 6.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.15 EPS. On average, equities research analysts anticipate that Telephone and Data Systems, Inc. will post -0.64 earnings per share for the current year.

Telephone and Data Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a dividend of $0.185 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.74 annualized dividend and a dividend yield of 3.65%. Telephone and Data Systems’s dividend payout ratio (DPR) is currently -87.06%.

Telephone and Data Systems Profile

(Free Report)

Telephone and Data Systems, Inc, a telecommunications company, provides communications services in the United States. It operates through two segments: UScellular and TDS Telecom. The company offers wireless solutions to consumers, and business and government customers, including a suite of connected Internet of things (IoT) solutions, and software applications for monitor and control, business automation/operations, communication, fleet and asset management, smart water solutions, private cellular networks and custom, and end-to-end IoT solutions; wireless priority services and quality priority and preemption options; smartphones and other handsets, tablets, wearables, mobile hotspots, fixed wireless home internet, and IoT devices; and accessories, such as cases, screen protectors, chargers, and memory cards, as well as consumer electronics, including audio, home automation and networking products.

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

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