Legal & General Group Plc Has $5.44 Million Stake in Telephone & Data Systems, Inc. (TDS)

Legal & General Group Plc lifted its holdings in shares of Telephone & Data Systems, Inc. (NYSE:TDS) by 0.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 178,719 shares of the Wireless communications provider’s stock after acquiring an additional 1,286 shares during the quarter. Legal & General Group Plc owned 0.16% of Telephone & Data Systems worth $5,439,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Steward Partners Investment Advisory LLC purchased a new stake in shares of Telephone & Data Systems during the third quarter worth about $100,000. Point72 Hong Kong Ltd acquired a new position in Telephone & Data Systems in the second quarter worth about $160,000. Macquarie Group Ltd. grew its stake in Telephone & Data Systems by 38.9% in the second quarter. Macquarie Group Ltd. now owns 7,500 shares of the Wireless communications provider’s stock worth $206,000 after purchasing an additional 2,100 shares in the last quarter. Sei Investments Co. grew its stake in Telephone & Data Systems by 180.1% in the second quarter. Sei Investments Co. now owns 8,095 shares of the Wireless communications provider’s stock worth $222,000 after purchasing an additional 5,205 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in Telephone & Data Systems by 169.2% in the second quarter. Tower Research Capital LLC TRC now owns 8,702 shares of the Wireless communications provider’s stock worth $238,000 after purchasing an additional 5,469 shares in the last quarter. 81.34% of the stock is currently owned by institutional investors and hedge funds.

Shares of TDS stock opened at $36.73 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.80 and a quick ratio of 2.65. Telephone & Data Systems, Inc. has a 52 week low of $23.54 and a 52 week high of $36.99. The company has a market capitalization of $4.03 billion, a price-to-earnings ratio of 69.30 and a beta of 0.84.

Telephone & Data Systems (NYSE:TDS) last issued its earnings results on Friday, November 2nd. The Wireless communications provider reported $0.41 EPS for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.16. Telephone & Data Systems had a return on equity of 2.43% and a net margin of 7.96%. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the firm posted $0.08 earnings per share. Telephone & Data Systems’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, analysts predict that Telephone & Data Systems, Inc. will post 1.18 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 28th. Shareholders of record on Friday, December 14th were paid a $0.16 dividend. The ex-dividend date was Thursday, December 13th. This represents a $0.64 dividend on an annualized basis and a yield of 1.74%. Telephone & Data Systems’s payout ratio is currently 120.75%.

A number of equities analysts recently commented on TDS shares. Zacks Investment Research downgraded Telephone & Data Systems from a “buy” rating to a “hold” rating in a research note on Monday, October 8th. B. Riley set a $42.00 price target on Telephone & Data Systems and gave the stock a “buy” rating in a research note on Wednesday, November 7th. ValuEngine upgraded Telephone & Data Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, October 3rd. Finally, Raymond James lifted their price target on Telephone & Data Systems from $31.00 to $36.00 and gave the stock a “buy” rating in a research note on Tuesday, November 6th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $37.40.

In other Telephone & Data Systems news, CEO James W. Butman sold 42,826 shares of Telephone & Data Systems stock in a transaction that occurred on Wednesday, November 28th. The stock was sold at an average price of $35.91, for a total value of $1,537,881.66. Following the completion of the transaction, the chief executive officer now directly owns 59,323 shares in the company, valued at $2,130,288.93. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Douglas W. Chambers sold 16,455 shares of the business’s stock in a transaction that occurred on Tuesday, November 6th. The stock was sold at an average price of $34.33, for a total value of $564,900.15. Following the transaction, the vice president now owns 12,828 shares of the company’s stock, valued at $440,385.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 173,495 shares of company stock valued at $6,141,424. 16.27% of the stock is currently owned by insiders.

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Telephone & Data Systems Company Profile

Telephone and Data Systems, Inc, a telecommunications company, provides wireless, wireline, cable, and hosted and managed services in the United States. The company offers cellular services, such as postpaid national plans and prepaid service plans with voice, messaging, and data usage options; and business rate plans.

Further Reading: Cost of Debt

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

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