Telephone and Data Systems, Inc. $TDS Stock Sold by Cooper Investors PTY Ltd.

Cooper Investors PTY Ltd. reduced its position in Telephone and Data Systems, Inc. (NYSE:TDS) by 90.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,945 shares of the Wireless communications provider’s stock after selling 192,900 shares during the period. Telephone and Data Systems accounts for about 0.4% of Cooper Investors PTY Ltd.’s investment portfolio, making the stock its 29th biggest position. Cooper Investors PTY Ltd.’s holdings in Telephone and Data Systems were worth $677,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd grew its holdings in Telephone and Data Systems by 2,779.5% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,123 shares of the Wireless communications provider’s stock valued at $46,000 after buying an additional 1,084 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Telephone and Data Systems by 29.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,085 shares of the Wireless communications provider’s stock worth $46,000 after acquiring an additional 245 shares in the last quarter. TD Waterhouse Canada Inc. raised its holdings in shares of Telephone and Data Systems by 446.9% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 1,340 shares of the Wireless communications provider’s stock worth $50,000 after acquiring an additional 1,095 shares in the last quarter. Nykredit A S bought a new position in shares of Telephone and Data Systems during the 2nd quarter valued at approximately $59,000. Finally, Ameliora Wealth Management Ltd. bought a new position in shares of Telephone and Data Systems during the 1st quarter valued at approximately $90,000. 80.00% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TDS. Zacks Research lowered shares of Telephone and Data Systems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 9th. JPMorgan Chase & Co. decreased their price target on shares of Telephone and Data Systems from $51.00 to $48.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 19th. Weiss Ratings lowered shares of Telephone and Data Systems from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday. Finally, Citigroup lowered their price objective on shares of Telephone and Data Systems from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Thursday, August 13th. 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 MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $47.50.

Telephone and Data Systems Trading Up 0.0%

Shares of Telephone and Data Systems stock traded up $0.00 on Tuesday, reaching $34.79. The company had a trading volume of 1,913,939 shares, compared to its average volume of 1,127,969. The firm has a market cap of $4.00 billion, a price-to-earnings ratio of 11.60 and a beta of 0.32. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.82 and a quick ratio of 3.81. The firm’s 50-day moving average price is $35.30 and its two-hundred day moving average price is $38.39. Telephone and Data Systems, Inc. has a 1 year low of $31.51 and a 1 year high of $49.12.

Telephone and Data Systems (NYSE:TDS) last released its quarterly earnings results on Friday, August 7th. The Wireless communications provider reported $2.24 earnings per share for the quarter, beating the consensus estimate of $0.09 by $2.15. The company had revenue of $309.28 million for the quarter, compared to analyst estimates of $315.78 million. Telephone and Data Systems had a return on equity of 11.97% and a net margin of 33.20%. Telephone and Data Systems’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.05) EPS. As a group, research analysts predict that Telephone and Data Systems, Inc. will post -0.24 earnings per share for the current fiscal year.

Telephone and Data Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were given a dividend of $0.04 per share. The ex-dividend date was Tuesday, September 15th. This represents a $0.16 dividend on an annualized basis and a yield of 0.5%. Telephone and Data Systems’s payout ratio is 5.33%.

Telephone and Data Systems Profile

Telephone and Data Systems, Inc (NYSE:TDS) is a telecommunications company founded in 1969 and headquartered in Chicago, Illinois. Through its operating businesses, the company provides connectivity and communications services to residential, business and institutional customers in communities across the United States.

TDS Telecom is the company’s primary operating business and offers broadband internet, voice, video and related communications services. Its broadband network includes fiber-optic and other high-speed technologies, while its business services include managed networking, cloud-based solutions, hosted communications and other technology services for organizations.

Historically, TDS also owned UScellular, a wireless communications provider serving customers in portions of the United States.