Hsbc Holdings PLC Purchases 15,516 Shares of Telephone and Data Systems, Inc. $TDS

Hsbc Holdings PLC grew its position in Telephone and Data Systems, Inc. (NYSE:TDS) by 198.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 23,315 shares of the Wireless communications provider’s stock after buying an additional 15,516 shares during the period. Hsbc Holdings PLC’s holdings in Telephone and Data Systems were worth $956,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Salomon & Ludwin LLC increased its position in shares of 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. JPL Wealth Management LLC purchased a new stake in Telephone and Data Systems during the 3rd quarter valued at $33,000. Caitong International Asset Management Co. Ltd boosted its stake 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 purchasing an additional 1,084 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Telephone and Data Systems by 191.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,311 shares of the Wireless communications provider’s stock worth $47,000 after purchasing an additional 861 shares in the last quarter. Finally, CIBC Private Wealth Group LLC bought a new stake in shares of Telephone and Data Systems in the 4th quarter worth $91,000. Hedge funds and other institutional investors own 80.00% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Telephone and Data Systems Stock Down 2.2%

Telephone and Data Systems stock opened at $33.39 on Tuesday. The stock has a market cap of $3.80 billion, a PE ratio of 63.00 and a beta of 0.30. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.42 and a current ratio of 3.43. Telephone and Data Systems, Inc. has a one year low of $33.37 and a one year high of $49.12. The stock has a fifty day moving average of $39.44 and a 200 day moving average of $42.41.

Telephone and Data Systems (NYSE:TDS) last posted its earnings results on Friday, May 8th. The Wireless communications provider reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates 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%.Telephone and Data Systems’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.09) earnings per share. As a group, sell-side analysts predict that Telephone and Data Systems, Inc. will post 0.94 EPS for the current year.

Telephone and Data Systems Dividend Announcement

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