Texas Permanent School Fund Purchases 489 Shares of Telephone & Data Systems, Inc. (NYSE:TDS)

Texas Permanent School Fund lifted its position in shares of Telephone & Data Systems, Inc. (NYSE:TDS) by 0.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 66,898 shares of the Wireless communications provider’s stock after acquiring an additional 489 shares during the quarter. Texas Permanent School Fund’s holdings in Telephone & Data Systems were worth $1,701,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in TDS. Quadrant Capital Group LLC raised its position in shares of Telephone & Data Systems by 565.3% during the fourth quarter. Quadrant Capital Group LLC now owns 1,497 shares of the Wireless communications provider’s stock worth $37,000 after acquiring an additional 1,272 shares during the last quarter. Atria Investments LLC bought a new stake in shares of Telephone & Data Systems during the second quarter worth $146,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Telephone & Data Systems by 12.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,049 shares of the Wireless communications provider’s stock worth $182,000 after acquiring an additional 786 shares during the last quarter. Park Avenue Securities LLC bought a new stake in shares of Telephone & Data Systems during the third quarter worth $223,000. Finally, Bailard Inc. raised its position in shares of Telephone & Data Systems by 10.0% during the fourth quarter. Bailard Inc. now owns 8,800 shares of the Wireless communications provider’s stock worth $224,000 after acquiring an additional 800 shares during the last quarter. Institutional investors own 82.07% of the company’s stock.

A number of equities research analysts have recently weighed in on TDS shares. JPMorgan Chase & Co. upgraded Telephone & Data Systems from a “neutral” rating to an “overweight” rating and set a $30.00 target price for the company in a research report on Monday, November 4th. Raymond James upgraded Telephone & Data Systems from an “outperform” rating to a “strong-buy” rating and dropped their price objective for the company from $35.00 to $32.00 in a report on Monday, November 4th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $35.38.

NYSE TDS traded down $0.34 on Friday, reaching $23.98. The company had a trading volume of 9,090 shares, compared to its average volume of 685,800. The stock’s 50 day moving average is $24.53 and its 200-day moving average is $25.07. The stock has a market cap of $2.79 billion, a price-to-earnings ratio of 22.43 and a beta of 1.03. The company has a quick ratio of 2.10, a current ratio of 2.24 and a debt-to-equity ratio of 0.62. Telephone & Data Systems, Inc. has a 52 week low of $21.44 and a 52 week high of $37.09.

Telephone & Data Systems Company Profile

Telephone and Data Systems, Inc, a telecommunications company, provides wireless, cable and wireline broadband, TV, voice, and hosted and managed services in the United States. It operates through three segments: U.S. Cellular, Wireline, and Cable. The company offers cellular services to postpaid and prepaid customers, including retail consumers, government entities, and small-to-mid-size business customers in industries, such as the construction, retail, agriculture, professional services, and real estate; and national plans with voice, messaging, and data usage options.

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

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