Telephone and Data Systems, Inc. $TDS Stock Holdings Lessened by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund trimmed its stake in Telephone and Data Systems, Inc. (NYSE:TDS) by 13.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 850,400 shares of the Wireless communications provider’s stock after selling 131,600 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned 0.74% of Telephone and Data Systems worth $34,866,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in TDS. Bessemer Group Inc. lifted its position in shares of Telephone and Data Systems by 65.6% in the third quarter. Bessemer Group Inc. now owns 699 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 277 shares in the last quarter. Salomon & Ludwin LLC raised 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 acquiring an additional 231 shares in the last quarter. Jones Financial Companies Lllp raised its position in Telephone and Data Systems by 121.3% during the third quarter. Jones Financial Companies Lllp now owns 830 shares of the Wireless communications provider’s stock valued at $31,000 after acquiring an additional 455 shares in the last quarter. JPL Wealth Management LLC bought a new position in Telephone and Data Systems during the third quarter valued at approximately $33,000. Finally, EverSource Wealth Advisors LLC raised its position in Telephone and Data Systems by 191.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,311 shares of the Wireless communications provider’s stock valued at $47,000 after acquiring an additional 861 shares in the last quarter. 80.00% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on TDS shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Telephone and Data Systems in a research report on Friday, June 5th. Raymond James Financial lowered shares of Telephone and Data Systems from an “outperform” rating to a “market perform” rating in a research report on Monday, May 11th. Wall Street Zen raised shares of Telephone and Data Systems from a “sell” rating to a “hold” rating in a research report on Saturday, May 30th. Finally, Citigroup raised their price objective on shares of Telephone and Data Systems from $51.00 to $56.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Telephone and Data Systems presently has an average rating of “Hold” and a consensus price target of $53.33.

Telephone and Data Systems Trading Down 1.0%

Shares of TDS stock opened at $39.77 on Tuesday. Telephone and Data Systems, Inc. has a 12 month low of $32.60 and a 12 month high of $49.12. The company has a quick ratio of 3.42, a current ratio of 3.43 and a debt-to-equity ratio of 0.16. The business’s 50 day moving average is $42.68 and its two-hundred day moving average is $42.69. The company has a market cap of $4.53 billion, a PE ratio of 75.03 and a beta of 0.28.

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. Telephone and Data Systems had a return on equity of 5.54% and a net margin of 6.15%.The company had revenue of $309.45 million for the quarter, compared to the consensus estimate of $313.28 million. During the same quarter last year, the company posted ($0.09) earnings per share. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. Equities analysts predict that Telephone and Data Systems, Inc. will post 0.94 EPS for the current year.

Telephone and Data Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.4%. The ex-dividend date is Tuesday, June 16th. Telephone and Data Systems’s dividend payout ratio (DPR) is 30.19%.

Telephone and Data Systems 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.