Swiss National Bank Acquires 2,800 Shares of Telephone and Data Systems, Inc. (NYSE:TDS)

Swiss National Bank increased its holdings in shares of Telephone and Data Systems, Inc. (NYSE:TDS – Get Rating) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 244,400 shares of the Wireless communications provider’s stock after purchasing an additional 2,800 shares during the period. Swiss National Bank owned 0.22% of Telephone and Data Systems worth $2,564,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TDS. State Street Corp boosted its stake in shares of Telephone and Data Systems by 30.8% during the first quarter. State Street Corp now owns 18,359,669 shares of the Wireless communications provider’s stock valued at $346,631,000 after purchasing an additional 4,322,948 shares in the last quarter. Millennium Management LLC acquired a new stake in Telephone and Data Systems in the second quarter valued at approximately $13,237,000. Vanguard Group Inc. boosted its stake in Telephone and Data Systems by 5.2% in the first quarter. Vanguard Group Inc. now owns 11,617,107 shares of the Wireless communications provider’s stock valued at $219,330,000 after acquiring an additional 570,820 shares in the last quarter. Private Management Group Inc. boosted its stake in Telephone and Data Systems by 17.8% in the fourth quarter. Private Management Group Inc. now owns 3,297,974 shares of the Wireless communications provider’s stock valued at $34,596,000 after acquiring an additional 497,664 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in Telephone and Data Systems by 24.9% in the first quarter. Invesco Ltd. now owns 1,983,980 shares of the Wireless communications provider’s stock valued at $37,456,000 after acquiring an additional 395,166 shares in the last quarter. 83.68% of the stock is currently owned by institutional investors.

Telephone and Data Systems Trading Down 4.7 %

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 firm has a fifty day simple moving average of $9.47 and a 200-day simple moving average of $10.70. The company has a current ratio of 1.55, a quick ratio of 1.33 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $799.25 million, a P/E ratio of -13.40 and a beta of 1.02.

Telephone and Data Systems (NYSE:TDS – Get Rating) last issued its earnings results on Friday, May 5th. The Wireless communications provider reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.14). Telephone and Data Systems had a return on equity of 0.16% and a net margin of 0.17%. The business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same period last year, the business earned $0.37 EPS. On average, equities research analysts anticipate that Telephone and Data Systems, Inc. will post -0.46 earnings per share for the current 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 issued 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 dividend yield of 10.42%. Telephone and Data Systems’s dividend payout ratio (DPR) is presently -139.62%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. StockNews.com assumed coverage on shares of Telephone and Data Systems in a research note on Thursday, May 18th. They issued a “sell” rating for the company. Morgan Stanley lowered their target price on shares of Telephone and Data Systems from $22.00 to $16.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 7th. One research analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $15.00.

Telephone and Data Systems 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.