Robeco Institutional Asset Management B.V. grew its holdings in shares of Telephone & Data Systems, Inc. (NYSE:TDS) by 9.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 195,720 shares of the Wireless communications provider’s stock after purchasing an additional 16,503 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.18% of Telephone & Data Systems worth $5,367,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Asset Management One Co. Ltd. purchased a new stake in shares of Telephone & Data Systems during the 1st quarter valued at $188,000. Balasa Dinverno & Foltz LLC purchased a new stake in shares of Telephone & Data Systems during the 2nd quarter valued at $211,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Telephone & Data Systems during the 1st quarter valued at $224,000. Sei Investments Co. lifted its holdings in shares of Telephone & Data Systems by 180.1% during the 2nd quarter. Sei Investments Co. now owns 8,095 shares of the Wireless communications provider’s stock valued at $222,000 after purchasing an additional 5,205 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in shares of Telephone & Data Systems by 40.0% during the 2nd quarter. State of Alaska Department of Revenue now owns 10,636 shares of the Wireless communications provider’s stock valued at $291,000 after purchasing an additional 3,040 shares during the last quarter. Hedge funds and other institutional investors own 83.29% of the company’s stock.

A number of equities analysts recently issued reports on TDS shares. Zacks Investment Research upgraded Telephone & Data Systems from a “hold” rating to a “strong-buy” rating and set a $31.00 target price for the company in a research note on Tuesday, May 1st. ValuEngine lowered Telephone & Data Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Raymond James upgraded Telephone & Data Systems from a “market perform” rating to an “outperform” rating in a research note on Wednesday, May 2nd. JPMorgan Chase & Co. lowered Telephone & Data Systems from a “neutral” rating to an “underweight” rating and set a $34.00 target price for the company. in a research note on Wednesday, July 11th. Finally, Citigroup raised their target price on Telephone & Data Systems from $37.00 to $39.00 and gave the stock a “buy” rating in a research note on Wednesday, August 8th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $34.67.

Shares of TDS stock opened at $30.62 on Friday. The firm has a market capitalization of $3.36 billion, a P/E ratio of 57.77 and a beta of 0.71. The company has a quick ratio of 2.75, a current ratio of 2.96 and a debt-to-equity ratio of 0.47. Telephone & Data Systems, Inc. has a 1 year low of $23.54 and a 1 year high of $30.80.

Telephone & Data Systems (NYSE:TDS) last issued its earnings results on Friday, August 3rd. The Wireless communications provider reported $0.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.06. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.26 billion. Telephone & Data Systems had a return on equity of 1.98% and a net margin of 3.53%. The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter last year, the business posted $0.09 EPS. analysts forecast that Telephone & Data Systems, Inc. will post 0.68 EPS for the current fiscal year.

In other Telephone & Data Systems news, Director Mitchell H. Saranow sold 4,000 shares of the stock in a transaction dated Wednesday, June 13th. The stock was sold at an average price of $26.66, for a total transaction of $106,640.00. Following the sale, the director now directly owns 15,964 shares of the company’s stock, valued at approximately $425,600.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Peter L. Sereda sold 31,970 shares of the stock in a transaction dated Friday, August 10th. The stock was sold at an average price of $30.15, for a total value of $963,895.50. Following the sale, the vice president now directly owns 17,488 shares in the company, valued at $527,263.20. The disclosure for this sale can be found here. Insiders sold a total of 93,977 shares of company stock valued at $2,767,820 in the last 90 days. 16.27% of the stock is currently owned by company insiders.

Telephone & Data Systems Company Profile

Telephone and Data Systems, Inc, a telecommunications company, provides wireless, wireline, cable, and hosted and managed services in the United States. The company offers cellular services, such as postpaid national plans and prepaid service plans with voice, messaging, and data usage options; and business rate plans.

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

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