JPMorgan Chase & Co. increased its holdings in Telephone and Data Systems, Inc. (NYSE:TDS) by 12.9% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 295,042 shares of the Wireless communications provider’s stock after buying an additional 33,664 shares during the period. JPMorgan Chase & Co. owned 0.27% of Telephone and Data Systems worth $8,187,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Cipher Capital LP purchased a new stake in shares of Telephone and Data Systems in the second quarter worth $280,000. Swiss National Bank raised its position in shares of Telephone and Data Systems by 1.8% in the second quarter. Swiss National Bank now owns 163,800 shares of the Wireless communications provider’s stock worth $4,545,000 after buying an additional 2,900 shares in the last quarter. Pacad Investment Ltd. raised its position in shares of Telephone and Data Systems by 1,057.1% in the second quarter. Pacad Investment Ltd. now owns 8,100 shares of the Wireless communications provider’s stock worth $225,000 after buying an additional 7,400 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Telephone and Data Systems by 3.9% in the second quarter. Principal Financial Group Inc. now owns 396,840 shares of the Wireless communications provider’s stock worth $11,012,000 after buying an additional 14,859 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position 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 worth $105,000 after buying an additional 387 shares in the last quarter. Institutional investors own 82.53% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Telephone and Data Systems, Inc. (TDS) Position Raised by JPMorgan Chase & Co.” was published by Watch List News and is owned by of Watch List News. If you are viewing this story on another website, it was illegally copied and republished in violation of US & international copyright and trademark laws. The original version of this story can be read at https://www.watchlistnews.com/telephone-and-data-systems-inc-tds-position-raised-by-jpmorgan-chase-co/1600212.html.

A number of equities research analysts recently issued reports on TDS shares. Zacks Investment Research upgraded Telephone and Data Systems from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research report on Tuesday, August 8th. BidaskClub downgraded Telephone and Data Systems from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $35.00.

Telephone and Data Systems, Inc. (NYSE:TDS) opened at 27.89 on Friday. The company has a market cap of $3.09 billion, a PE ratio of 57.03 and a beta of 1.04. Telephone and Data Systems, Inc. has a 1-year low of $24.12 and a 1-year high of $32.98. The company has a 50-day moving average price of $28.49 and a 200-day moving average price of $27.57.

Telephone and Data Systems (NYSE:TDS) last announced its quarterly earnings results on Friday, August 4th. The Wireless communications provider reported $0.09 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.04). The company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Telephone and Data Systems had a return on equity of 1.15% and a net margin of 1.09%. The firm’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.25 EPS. On average, analysts expect that Telephone and Data Systems, Inc. will post $0.45 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were paid a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 2.22%. The ex-dividend date was Thursday, September 14th. Telephone and Data Systems’s payout ratio is currently 129.17%.

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)

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.