Nordea Investment Management AB increased its holdings in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 15.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 67,913 shares of the Wireless communications provider’s stock after acquiring an additional 8,848 shares during the quarter. Nordea Investment Management AB owned approximately 0.06% of Telephone and Data Systems worth $1,885,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Telephone and Data Systems by 11.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,795 shares of the Wireless communications provider’s stock valued at $105,000 after purchasing an additional 387 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Telephone and Data Systems by 2.1% in the first quarter. Envestnet Asset Management Inc. now owns 4,094 shares of the Wireless communications provider’s stock valued at $108,000 after acquiring an additional 84 shares in the last quarter. Sei Investments Co. boosted its holdings in shares of Telephone and Data Systems by 13.9% in the second quarter. Sei Investments Co. now owns 4,868 shares of the Wireless communications provider’s stock valued at $135,000 after acquiring an additional 594 shares in the last quarter. LS Investment Advisors LLC boosted its holdings in shares of Telephone and Data Systems by 20.0% in the second quarter. LS Investment Advisors LLC now owns 7,451 shares of the Wireless communications provider’s stock valued at $207,000 after acquiring an additional 1,242 shares in the last quarter. Finally, Wedge Capital Management L L P NC bought a new position in shares of Telephone and Data Systems in the second quarter valued at approximately $209,000. Hedge funds and other institutional investors own 82.53% of the company’s stock.

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Shares of Telephone and Data Systems, Inc. (NYSE TDS) opened at 28.66 on Thursday. Telephone and Data Systems, Inc. has a one year low of $24.12 and a one year high of $32.98. The company has a market capitalization of $3.17 billion, a PE ratio of 58.61 and a beta of 1.02. The company’s 50-day moving average is $28.21 and its 200-day moving average is $27.72.

Telephone and Data Systems (NYSE:TDS) last posted its quarterly earnings results on Friday, August 4th. The Wireless communications provider reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.04). The business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.27 billion. Telephone and Data Systems had a return on equity of 1.15% and a net margin of 1.09%. The company’s quarterly revenue was down 3.7% on a year-over-year basis. During the same period last year, the firm earned $0.25 earnings per share. Equities analysts predict that Telephone and Data Systems, Inc. will post $0.45 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date of this dividend was Thursday, September 14th. Telephone and Data Systems’s dividend payout ratio (DPR) is 129.17%.

Several research analysts have recently issued reports on TDS shares. BidaskClub cut shares of Telephone and Data Systems from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. Zacks Investment Research cut shares of Telephone and Data Systems from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $32.00.

About Telephone and Data Systems

Telephone and Data Systems, Inc is a diversified telecommunications company. The Company is engaged in conducting its Wireless operations through its subsidiary, United States Cellular Corporation (U.S. Cellular), as well as providing its wireline services, cable services, and hosted and managed services (HMS), through its subsidiary, TDS Telecommunications Corporation (TDS Telecom).

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Institutional Ownership by Quarter for Telephone and Data Systems (NYSE:TDS)

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