Milestone Asset Management LLC Takes $1.05 Million Position in Telephone and Data Systems, Inc. $TDS

Milestone Asset Management LLC acquired a new position in Telephone and Data Systems, Inc. (NYSE:TDS) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 28,444 shares of the Wireless communications provider’s stock, valued at approximately $1,053,000.

Several other large investors have also modified their holdings of TDS. Captrust Financial Advisors grew its stake in Telephone and Data Systems by 3.8% in the 4th quarter. Captrust Financial Advisors now owns 6,026 shares of the Wireless communications provider’s stock valued at $247,000 after buying an additional 220 shares during the last quarter. Salomon & Ludwin LLC lifted its position in Telephone and Data Systems by 51.3% during the 4th quarter. Salomon & Ludwin LLC now owns 681 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 231 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in Telephone and Data Systems by 2.4% during the fourth quarter. CIBC Asset Management Inc now owns 9,804 shares of the Wireless communications provider’s stock valued at $402,000 after acquiring an additional 232 shares during the period. Maryland State Retirement & Pension System boosted its holdings in Telephone and Data Systems by 1.6% during the fourth quarter. Maryland State Retirement & Pension System now owns 14,362 shares of the Wireless communications provider’s stock valued at $589,000 after acquiring an additional 233 shares during the period. Finally, HighTower Advisors LLC grew its position in shares of Telephone and Data Systems by 4.3% in the fourth quarter. HighTower Advisors LLC now owns 5,866 shares of the Wireless communications provider’s stock valued at $241,000 after purchasing an additional 240 shares during the last quarter. 80.00% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on TDS shares. Wall Street Zen upgraded Telephone and Data Systems from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. Weiss Ratings upgraded Telephone and Data Systems from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Tuesday. Finally, Raymond James Financial lowered Telephone and Data Systems from an “outperform” rating to a “market perform” rating in a report on Monday, May 11th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Telephone and Data Systems currently has an average rating of “Hold” and an average price target of $56.00.

Telephone and Data Systems Stock Performance

NYSE:TDS opened at $33.29 on Thursday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.42 and a current ratio of 3.43. The firm’s 50-day moving average is $36.17 and its 200-day moving average is $41.18. Telephone and Data Systems, Inc. has a 52-week low of $31.51 and a 52-week high of $49.12. The company has a market cap of $3.79 billion, a price-to-earnings ratio of 11.10 and a beta of 0.32.

Telephone and Data Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were given a dividend of $0.04 per share. The ex-dividend date was Tuesday, June 16th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.5%. Telephone and Data Systems’s payout ratio is currently 5.33%.

About Telephone and Data Systems

Telephone and Data Systems, Inc (NYSE: TDS) is a diversified telecommunications company headquartered in Chicago, Illinois. Through its subsidiaries, the company provides a broad array of communications services, including wireless voice and data, wireline broadband and voice, cable television, and managed IT and cloud solutions. Its two primary operating units—TDS Telecom and U.S. Cellular—serve residential, business and wholesale customers across the United States.

TDS Telecom focuses on delivering broadband internet, digital voice, video and data communications services in primarily rural and suburban markets.