Telephone and Data Systems, Inc. $TDS Stock Holdings Boosted by Oaktree Capital Management LP

Oaktree Capital Management LP boosted its stake in Telephone and Data Systems, Inc. (NYSE:TDS) by 16.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,292,243 shares of the Wireless communications provider’s stock after acquiring an additional 603,857 shares during the period. Telephone and Data Systems accounts for about 2.3% of Oaktree Capital Management LP’s holdings, making the stock its 7th biggest position. Oaktree Capital Management LP’s holdings in Telephone and Data Systems were worth $180,703,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TDS. Royal Bank of Canada grew its stake in shares of Telephone and Data Systems by 25.8% in the 1st quarter. Royal Bank of Canada now owns 42,165 shares of the Wireless communications provider’s stock valued at $1,633,000 after purchasing an additional 8,640 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Telephone and Data Systems by 21.3% during the first quarter. AQR Capital Management LLC now owns 67,125 shares of the Wireless communications provider’s stock worth $2,574,000 after purchasing an additional 11,769 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Telephone and Data Systems by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 58,721 shares of the Wireless communications provider’s stock worth $2,275,000 after purchasing an additional 2,572 shares during the period. United Services Automobile Association purchased a new position in Telephone and Data Systems in the 1st quarter valued at $248,000. Finally, Russell Investments Group Ltd. increased its stake in Telephone and Data Systems by 358.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 27,043 shares of the Wireless communications provider’s stock valued at $962,000 after buying an additional 21,142 shares during the period. 80.00% of the stock is owned by hedge funds and other institutional investors.

Telephone and Data Systems Stock Down 0.1%

Telephone and Data Systems stock opened at $33.95 on Thursday. The stock’s 50 day moving average price is $37.23 and its 200 day moving average price is $41.85. Telephone and Data Systems, Inc. has a 1-year low of $33.01 and a 1-year high of $49.12. The company has a market cap of $3.86 billion, a PE ratio of 64.06 and a beta of 0.30. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.43 and a quick ratio of 3.42.

Telephone and Data Systems (NYSE:TDS) last released its earnings results on Friday, May 8th. The Wireless communications provider reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of ($0.87) by $1.98. The company had revenue of $309.45 million during 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%.Telephone and Data Systems’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the company earned ($0.09) earnings per share. On average, sell-side analysts predict that Telephone and Data Systems, Inc. will post 0.94 EPS for the current fiscal year.

Telephone and Data Systems Announces Dividend

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

Analyst Ratings Changes

TDS has been the subject of a number of analyst reports. Weiss Ratings downgraded shares of Telephone and Data Systems from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 18th. Raymond James Financial downgraded shares of Telephone and Data Systems from an “outperform” rating to a “market perform” rating in a report on Monday, May 11th. Finally, Wall Street Zen raised shares of Telephone and Data Systems from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $53.33.

Telephone and Data Systems Company Profile

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.