Rokos Capital Management LLP Invests $21.04 Million in Telephone and Data Systems, Inc. $TDS

Rokos Capital Management LLP purchased a new stake in shares of Telephone and Data Systems, Inc. (NYSE:TDS) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 500,000 shares of the Wireless communications provider’s stock, valued at approximately $21,040,000.

Several other hedge funds have also made changes to their positions in the company. Captrust Financial Advisors lifted its position in shares of Telephone and Data Systems by 3.8% in the fourth quarter. Captrust Financial Advisors now owns 6,026 shares of the Wireless communications provider’s stock worth $247,000 after purchasing an additional 220 shares in the last quarter. Salomon & Ludwin LLC boosted its position in Telephone and Data Systems by 51.3% during the fourth quarter. Salomon & Ludwin LLC now owns 681 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 231 shares during the last quarter. CIBC Asset Management Inc grew its stake in Telephone and Data Systems by 2.4% in the fourth quarter. CIBC Asset Management Inc now owns 9,804 shares of the Wireless communications provider’s stock valued at $402,000 after purchasing an additional 232 shares in the last quarter. Maryland State Retirement & Pension System increased its position in Telephone and Data Systems by 1.6% in the 4th quarter. Maryland State Retirement & Pension System now owns 14,362 shares of the Wireless communications provider’s stock worth $589,000 after purchasing an additional 233 shares during the last quarter. Finally, HighTower Advisors LLC raised its stake in shares of Telephone and Data Systems by 4.3% during the 4th quarter. HighTower Advisors LLC now owns 5,866 shares of the Wireless communications provider’s stock worth $241,000 after purchasing an additional 240 shares in the last quarter. Hedge funds and other institutional investors own 80.00% of the company’s stock.

Telephone and Data Systems Stock Down 2.1%

TDS opened at $33.65 on Tuesday. The business has a 50 day moving average price of $37.54 and a 200 day moving average price of $41.95. Telephone and Data Systems, Inc. has a twelve month low of $33.01 and a twelve month high of $49.12. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.42 and a current ratio of 3.43. The firm has a market cap of $3.83 billion, a P/E ratio of 63.49 and a beta of 0.30.

Telephone and Data Systems (NYSE:TDS) last announced its quarterly earnings results on Friday, May 8th. The Wireless communications provider reported $1.11 EPS for the quarter, beating the consensus estimate of ($0.87) by $1.98. The company had revenue of $309.45 million for the quarter, compared to the consensus estimate of $313.27 million. Telephone and Data Systems had a return on equity of 5.54% and a net margin of 6.15%.The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter last year, the company posted ($0.09) earnings per share. Research analysts forecast that Telephone and Data Systems, Inc. will post 0.94 EPS for the current year.

Telephone and Data Systems Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on TDS. Wall Street Zen raised Telephone and Data Systems from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. Weiss Ratings cut shares of Telephone and Data Systems from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 18th. Finally, Raymond James Financial lowered shares of Telephone and Data Systems from an “outperform” rating to a “market perform” rating in a research note on Monday, May 11th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $53.33.

About Telephone and Data Systems

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.