State of Tennessee Treasury Department reduced its position in Telephone and Data Systems, Inc. (NYSE:TDS) by 50.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,000 shares of the Wireless communications provider’s stock after selling 30,000 shares during the period. State of Tennessee Treasury Department’s holdings in Telephone and Data Systems were worth $837,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its stake in shares of Telephone and Data Systems by 4.0% in the 2nd quarter. BlackRock Inc. now owns 17,438,950 shares of the Wireless communications provider’s stock valued at $483,932,000 after purchasing an additional 665,746 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Telephone and Data Systems by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 9,763,784 shares of the Wireless communications provider’s stock valued at $270,946,000 after purchasing an additional 95,665 shares in the last quarter. State Street Corp lifted its stake in shares of Telephone and Data Systems by 38.3% in the 2nd quarter. State Street Corp now owns 9,044,177 shares of the Wireless communications provider’s stock valued at $250,974,000 after purchasing an additional 2,505,860 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Telephone and Data Systems by 16.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,297,371 shares of the Wireless communications provider’s stock valued at $202,503,000 after purchasing an additional 1,012,673 shares in the last quarter. Finally, Gabelli Funds LLC lifted its stake in shares of Telephone and Data Systems by 0.9% in the 2nd quarter. Gabelli Funds LLC now owns 2,889,710 shares of the Wireless communications provider’s stock valued at $80,189,000 after purchasing an additional 26,000 shares in the last quarter. 83.28% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have recently weighed in on the company. Zacks Investment Research raised 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 note on Tuesday, August 8th. Drexel Hamilton raised Telephone and Data Systems from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $29.00.

Telephone and Data Systems, Inc. (TDS) traded down $0.09 during trading on Monday, reaching $26.73. The company had a trading volume of 214,100 shares, compared to its average volume of 687,297. The firm has a market cap of $2,967.03, a price-to-earnings ratio of 59.40 and a beta of 1.02. The company has a quick ratio of 2.29, a current ratio of 2.42 and a debt-to-equity ratio of 0.54. Telephone and Data Systems, Inc. has a 12-month low of $24.57 and a 12-month high of $32.97.

Telephone and Data Systems (NYSE:TDS) last released its quarterly earnings results on Wednesday, November 8th. The Wireless communications provider reported $0.08 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.09). The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.26 billion. Telephone and Data Systems had a positive return on equity of 1.08% and a negative net margin of 2.77%. The business’s revenue was down 4.8% on a year-over-year basis. During the same period last year, the firm posted $0.11 earnings per share. sell-side analysts anticipate that Telephone and Data Systems, Inc. will post -1.27 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “Telephone and Data Systems, Inc. (TDS) Shares Sold by State of Tennessee Treasury Department” was first published by Watch List News and is the property of of Watch List News. If you are accessing this article on another publication, it was illegally stolen and reposted in violation of United States & international trademark & copyright legislation. The correct version of this article can be read at https://www.watchlistnews.com/telephone-and-data-systems-inc-tds-shares-sold-by-state-of-tennessee-treasury-department/1729349.html.

Telephone and Data Systems 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)

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.