American Century Companies Inc. purchased a new position in Telephone and Data Systems, Inc. (NYSE:TDS) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 21,806 shares of the Wireless communications provider’s stock, valued at approximately $605,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bank of Montreal Can boosted its position in shares of Telephone and Data Systems by 14.9% in the 1st quarter. Bank of Montreal Can now owns 8,413 shares of the Wireless communications provider’s stock worth $223,000 after purchasing an additional 1,091 shares in the last quarter. Virginia Retirement Systems ET AL boosted its position in shares of Telephone and Data Systems by 53.1% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 48,700 shares of the Wireless communications provider’s stock worth $1,351,000 after purchasing an additional 16,900 shares in the last quarter. Quantitative Investment Management LLC bought a new stake in shares of Telephone and Data Systems in the 1st quarter worth approximately $254,000. Envestnet Asset Management Inc. boosted its position in shares of Telephone and Data Systems by 2.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 4,094 shares of the Wireless communications provider’s stock worth $108,000 after purchasing an additional 84 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Telephone and Data Systems by 10.9% in the 1st quarter. Geode Capital Management LLC now owns 759,595 shares of the Wireless communications provider’s stock worth $20,136,000 after purchasing an additional 74,834 shares in the last quarter. 82.53% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: This article was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this article on another domain, it was copied illegally and reposted in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be viewed at https://www.thecerbatgem.com/2017/09/19/american-century-companies-inc-purchases-shares-of-21806-telephone-and-data-systems-inc-tds.html.

TDS has been the topic of a number of analyst reports. BidaskClub cut Telephone and Data Systems from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. Zacks Investment Research cut Telephone and Data Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Telephone and Data Systems currently has a consensus rating of “Hold” and an average price target of $35.00.

Telephone and Data Systems, Inc. (TDS) opened at 27.06 on Tuesday. The company has a 50-day moving average price of $28.52 and a 200 day moving average price of $27.56. Telephone and Data Systems, Inc. has a 52-week low of $24.12 and a 52-week high of $32.98. The company has a market capitalization of $2.99 billion, a PE ratio of 55.34 and a beta of 1.04.

Telephone and Data Systems (NYSE:TDS) last announced its earnings results on Friday, August 4th. The Wireless communications provider reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.04). The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.27 billion. Telephone and Data Systems had a net margin of 1.09% and a return on equity of 1.15%. Telephone and Data Systems’s revenue was down 3.7% on a year-over-year basis. During the same quarter last year, the business earned $0.25 earnings per share. Equities research analysts anticipate that Telephone and Data Systems, Inc. will post $0.45 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a $0.155 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.62 annualized dividend and a yield of 2.29%. Telephone and Data Systems’s dividend payout ratio (DPR) is 129.17%.

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).

Want to see what other hedge funds are holding TDS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Telephone and Data Systems, Inc. (NYSE:TDS).

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

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