Russell Investments Group Ltd. Buys 109,113 Shares of Telephone and Data Systems, Inc. (NYSE:TDS)

Russell Investments Group Ltd. grew its stake in Telephone and Data Systems, Inc. (NYSE:TDS – Get Rating) by 650.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 125,894 shares of the Wireless communications provider’s stock after purchasing an additional 109,113 shares during the period. Russell Investments Group Ltd. owned approximately 0.11% of Telephone and Data Systems worth $1,321,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. State Street Corp lifted its stake in shares of Telephone and Data Systems by 24.1% in the 3rd quarter. State Street Corp now owns 20,495,659 shares of the Wireless communications provider’s stock valued at $284,890,000 after purchasing an additional 3,981,000 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Telephone and Data Systems by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 11,889,657 shares of the Wireless communications provider’s stock worth $165,266,000 after acquiring an additional 180,301 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Telephone and Data Systems by 0.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 6,953,873 shares of the Wireless communications provider’s stock worth $96,662,000 after acquiring an additional 59,685 shares during the last quarter. Private Management Group Inc. lifted its stake in shares of Telephone and Data Systems by 17.8% during the 4th quarter. Private Management Group Inc. now owns 3,297,974 shares of the Wireless communications provider’s stock worth $34,596,000 after acquiring an additional 497,664 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Telephone and Data Systems by 24.9% during the 1st quarter. Invesco Ltd. now owns 1,983,980 shares of the Wireless communications provider’s stock worth $37,456,000 after acquiring an additional 395,166 shares during the last quarter. 83.68% of the stock is owned by institutional investors.

Telephone and Data Systems Trading Down 4.7 %

Shares of NYSE:TDS opened at $7.10 on Thursday. Telephone and Data Systems, Inc. has a 12-month low of $6.73 and a 12-month high of $18.73. The business’s fifty day simple moving average is $9.47 and its 200-day simple moving average is $10.70. The company has a market capitalization of $799.25 million, a PE ratio of -13.40 and a beta of 1.02. The company has a current ratio of 1.55, a quick ratio of 1.33 and a debt-to-equity ratio of 0.73.

Telephone and Data Systems (NYSE:TDS – Get Rating) last announced its quarterly earnings results on Friday, May 5th. The Wireless communications provider reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.14). Telephone and Data Systems had a net margin of 0.17% and a return on equity of 0.16%. The company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the prior year, the business posted $0.37 earnings per share. As a group, equities research analysts predict that Telephone and Data Systems, Inc. will post -0.46 earnings per share for the current fiscal year.

Telephone and Data Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 15th will be paid a dividend of $0.185 per share. The ex-dividend date of this dividend is Wednesday, June 14th. This represents a $0.74 annualized dividend and a yield of 10.42%. Telephone and Data Systems’s dividend payout ratio (DPR) is -139.62%.

Analyst Ratings Changes

TDS has been the subject of a number of research analyst reports. StockNews.com initiated coverage on Telephone and Data Systems in a research note on Thursday, May 18th. They set a “sell” rating for the company. Morgan Stanley decreased their target price on Telephone and Data Systems from $22.00 to $16.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 7th. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $15.00.

Telephone and Data Systems Company Profile

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Telephone & Data Systems, Inc is a diversified telecommunications company, which engages in the provision of communications services, retail wireless connections, broadband, video, and voice connections. It operates through the following segments: UScellular, TDS Telecom, and Corporate, Eliminations, and Other.