US Bancorp DE cut its position in Telephone and Data Systems, Inc. (NYSE:TDS) by 15.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,908 shares of the Wireless communications provider’s stock after selling 1,586 shares during the period. US Bancorp DE’s holdings in Telephone and Data Systems were worth $236,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of TDS. Norges Bank purchased a new stake in Telephone and Data Systems during the fourth quarter valued at approximately $20,694,000. First Quadrant L P CA increased its stake in Telephone and Data Systems by 125.7% in the first quarter. First Quadrant L P CA now owns 596,613 shares of the Wireless communications provider’s stock valued at $15,816,000 after buying an additional 332,303 shares in the last quarter. QV Investors Inc. increased its stake in Telephone and Data Systems by 49.9% in the first quarter. QV Investors Inc. now owns 823,159 shares of the Wireless communications provider’s stock valued at $21,821,000 after buying an additional 274,162 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in Telephone and Data Systems during the fourth quarter valued at approximately $5,096,000. Finally, River Road Asset Management LLC increased its stake in Telephone and Data Systems by 24.6% in the first quarter. River Road Asset Management LLC now owns 760,210 shares of the Wireless communications provider’s stock valued at $20,153,000 after buying an additional 150,008 shares in the last quarter. Institutional investors and hedge funds own 81.15% of the company’s stock.

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

Shares of Telephone and Data Systems, Inc. (NYSE:TDS) opened at 28.07 on Friday. The company has a market cap of $3.10 billion, a P/E ratio of 43.12 and a beta of 1.07. The stock’s 50 day moving average price is $27.68 and its 200 day moving average price is $28.19. Telephone and Data Systems, Inc. has a 12-month low of $24.12 and a 12-month high of $32.98.

Telephone and Data Systems (NYSE:TDS) last posted its quarterly earnings data on Friday, May 5th. The Wireless communications provider reported $0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.32. Telephone and Data Systems had a return on equity of 1.41% and a net margin of 1.43%. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.24 billion. During the same quarter last year, the company earned $0.07 EPS. The firm’s revenue for the quarter was down 1.3% on a year-over-year basis. On average, analysts forecast that Telephone and Data Systems, Inc. will post $0.43 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 16th will be given a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date is Wednesday, June 14th. Telephone and Data Systems’s dividend payout ratio (DPR) is presently 96.88%.

WARNING: “Telephone and Data Systems, Inc. (TDS) Position Decreased by US Bancorp DE” was first published by Watch List News and is the sole property of of Watch List News. If you are reading this piece of content on another site, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The correct version of this piece of content can be read at https://www.watchlistnews.com/telephone-and-data-systems-inc-tds-position-decreased-by-us-bancorp-de/1371968.html.

Several research firms have recently commented on TDS. Zacks Investment Research downgraded Telephone and Data Systems from a “hold” rating to a “sell” rating in a report on Wednesday, March 8th. Raymond James Financial, Inc. restated a “market perform” rating on shares of Telephone and Data Systems in a report on Monday, February 27th. Finally, Drexel Hamilton downgraded Telephone and Data Systems from a “buy” rating to a “hold” rating in a report on Friday, February 24th.

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).

Want to see what other hedge funds are holding TDS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Telephone and Data Systems, Inc. (NYSE:TDS).

Receive News & Ratings for Telephone and Data Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telephone and Data Systems Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.