Legal & General Group Plc increased its position in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 7.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 163,048 shares of the Wireless communications provider’s stock after purchasing an additional 11,176 shares during the quarter. Legal & General Group Plc owned 0.15% of Telephone and Data Systems worth $4,524,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of the stock. BlackRock Inc. raised its holdings in Telephone and Data Systems by 4,117.8% during the first quarter. BlackRock Inc. now owns 16,773,204 shares of the Wireless communications provider’s stock worth $444,657,000 after purchasing an additional 16,375,531 shares during the last quarter. Vanguard Group Inc. raised its holdings in Telephone and Data Systems by 2.6% during the first quarter. Vanguard Group Inc. now owns 9,668,119 shares of the Wireless communications provider’s stock worth $256,302,000 after purchasing an additional 246,308 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Telephone and Data Systems by 8.4% during the first quarter. Dimensional Fund Advisors LP now owns 6,284,698 shares of the Wireless communications provider’s stock worth $166,607,000 after purchasing an additional 487,203 shares during the last quarter. Teachers Advisors LLC raised its holdings in Telephone and Data Systems by 23.8% during the first quarter. Teachers Advisors LLC now owns 2,787,371 shares of the Wireless communications provider’s stock worth $73,893,000 after purchasing an additional 536,603 shares during the last quarter. Finally, First Trust Advisors LP raised its holdings in Telephone and Data Systems by 5.8% during the second quarter. First Trust Advisors LP now owns 2,727,953 shares of the Wireless communications provider’s stock worth $75,701,000 after purchasing an additional 149,539 shares during the last quarter. 82.53% of the stock is owned by hedge funds and other institutional investors.

TDS has been the subject of several research reports. BidaskClub cut Telephone and Data Systems from a “hold” rating to a “sell” rating in a report on Sunday, July 16th. Zacks Investment Research raised Telephone and Data Systems from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a report on Tuesday, August 8th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Telephone and Data Systems has a consensus rating of “Hold” and a consensus target price of $35.00.

Telephone and Data Systems, Inc. (NYSE TDS) opened at 26.78 on Tuesday. Telephone and Data Systems, Inc. has a 12-month low of $24.12 and a 12-month high of $32.97. The stock has a 50 day moving average price of $28.80 and a 200-day moving average price of $27.60. The firm has a market capitalization of $2.96 billion, a PE ratio of 54.76 and a beta of 1.04.

Telephone and Data Systems (NYSE:TDS) last announced 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. Telephone and Data Systems had a net margin of 1.09% and a return on equity of 1.15%. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter last year, the company posted $0.25 EPS. Telephone and Data Systems’s revenue was down 3.7% on a year-over-year basis. On average, equities research analysts forecast that Telephone and Data Systems, Inc. will post $0.45 EPS for the current year.

The business 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 $0.155 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 2.32%. Telephone and Data Systems’s dividend payout ratio (DPR) is presently 129.17%.

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Telephone and Data Systems Company Profile

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).

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

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