Teacher Retirement System of Texas lowered its stake in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 1.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,833 shares of the Wireless communications provider’s stock after selling 90 shares during the period. Teacher Retirement System of Texas’ holdings in Telephone and Data Systems were worth $217,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Karp Capital Management Corp bought a new stake in shares of Telephone and Data Systems during the first quarter valued at about $1,218,000. Teza Capital Management LLC bought a new stake in shares of Telephone and Data Systems during the first quarter valued at about $369,000. GABELLI & Co INVESTMENT ADVISERS INC. raised its stake in shares of Telephone and Data Systems by 8.1% in the first quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 16,000 shares of the Wireless communications provider’s stock valued at $424,000 after buying an additional 1,200 shares during the period. Swiss National Bank raised its stake in shares of Telephone and Data Systems by 0.8% in the first quarter. Swiss National Bank now owns 160,900 shares of the Wireless communications provider’s stock valued at $4,265,000 after buying an additional 1,300 shares during the period. Finally, Comerica Bank raised its stake in shares of Telephone and Data Systems by 5.0% in the first quarter. Comerica Bank now owns 73,726 shares of the Wireless communications provider’s stock valued at $2,012,000 after buying an additional 3,481 shares during the period. 82.53% of the stock is currently owned by institutional investors.

Shares of Telephone and Data Systems, Inc. (NYSE TDS) opened at 29.37 on Wednesday. The company’s 50-day moving average is $28.48 and its 200 day moving average is $27.81. Telephone and Data Systems, Inc. has a 52-week low of $24.12 and a 52-week high of $32.97. The firm has a market capitalization of $3.25 billion, a P/E ratio of 60.06 and a beta of 1.04.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 2.11%. The ex-dividend date is Thursday, September 14th. Telephone and Data Systems’s dividend payout ratio is currently 129.17%.

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Several equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Telephone and Data Systems from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a report on Tuesday, August 8th. BidaskClub raised shares of Telephone and Data Systems from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $35.00.

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).

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

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