Cadence Capital Management LLC cut its position in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 1.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,599 shares of the Wireless communications provider’s stock after selling 150 shares during the period. Cadence Capital Management LLC’s holdings in Telephone and Data Systems were worth $433,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Karp Capital Management Corp acquired a new stake in Telephone and Data Systems during the first quarter worth approximately $1,218,000. Teza Capital Management LLC acquired a new stake in Telephone and Data Systems during the first quarter worth approximately $369,000. GABELLI & Co INVESTMENT ADVISERS INC. increased its stake in 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 worth $424,000 after buying an additional 1,200 shares in the last quarter. Swiss National Bank increased its stake in 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 worth $4,265,000 after buying an additional 1,300 shares in the last quarter. Finally, Comerica Bank increased its stake in 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 worth $2,012,000 after buying an additional 3,481 shares in the last quarter. Institutional investors own 82.53% of the company’s stock.

Shares of Telephone and Data Systems, Inc. (NYSE TDS) opened at 29.17 on Thursday. 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 $3.23 billion, a PE ratio of 59.65 and a beta of 1.04. The stock has a 50 day moving average price of $28.48 and a 200-day moving average price of $27.81.

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 Zacks’ consensus estimate of $0.13 by $0.04. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates 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 was down 3.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.25 EPS. Equities analysts anticipate that Telephone and Data Systems, Inc. will post $0.45 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend is Thursday, September 14th. Telephone and Data Systems’s dividend payout ratio is 129.17%.

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A number of research firms have commented on TDS. Zacks Investment Research upgraded Telephone and Data Systems from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research report on Tuesday, August 8th. BidaskClub upgraded Telephone and Data Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Telephone and Data Systems has an average rating of “Hold” and a consensus target price of $35.00.

Telephone and Data Systems Company Profile

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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