Louisiana State Employees Retirement System Acquires 800 Shares of Telephone and Data Systems, Inc. (NYSE:TDS)

Louisiana State Employees Retirement System boosted its holdings in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 1.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,600 shares of the Wireless communications provider’s stock after purchasing an additional 800 shares during the period. Louisiana State Employees Retirement System’s holdings in Telephone and Data Systems were worth $1,028,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC increased its stake in shares of Telephone and Data Systems by 13.8% during the second quarter. GAMMA Investing LLC now owns 4,812 shares of the Wireless communications provider’s stock valued at $100,000 after buying an additional 585 shares during the period. Quadrant Capital Group LLC boosted its position in Telephone and Data Systems by 14.0% during the 4th quarter. Quadrant Capital Group LLC now owns 5,062 shares of the Wireless communications provider’s stock valued at $93,000 after acquiring an additional 622 shares in the last quarter. Nisa Investment Advisors LLC raised its position in shares of Telephone and Data Systems by 14.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 5,146 shares of the Wireless communications provider’s stock worth $107,000 after acquiring an additional 630 shares in the last quarter. Texas Permanent School Fund Corp lifted its stake in shares of Telephone and Data Systems by 1.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 86,276 shares of the Wireless communications provider’s stock valued at $1,382,000 after purchasing an additional 1,154 shares during the period. Finally, Diversified Trust Co boosted its position in shares of Telephone and Data Systems by 4.5% during the first quarter. Diversified Trust Co now owns 29,359 shares of the Wireless communications provider’s stock valued at $470,000 after purchasing an additional 1,277 shares in the last quarter. Hedge funds and other institutional investors own 80.00% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. StockNews.com raised Telephone and Data Systems from a “sell” rating to a “hold” rating in a research report on Monday, May 6th. JPMorgan Chase & Co. dropped their price objective on shares of Telephone and Data Systems from $36.00 to $34.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 29th.

Telephone and Data Systems Stock Up 4.0 %

Telephone and Data Systems stock opened at $22.98 on Wednesday. The firm has a market cap of $2.60 billion, a price-to-earnings ratio of -4.72 and a beta of 0.84. The company has a current ratio of 1.51, a quick ratio of 1.37 and a debt-to-equity ratio of 0.84. Telephone and Data Systems, Inc. has a 12 month low of $13.69 and a 12 month high of $23.35. The stock has a fifty day simple moving average of $20.65 and a two-hundred day simple moving average of $18.34.

Telephone and Data Systems (NYSE:TDS) last posted its earnings results on Friday, August 2nd. The Wireless communications provider reported ($0.13) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.13). Telephone and Data Systems had a negative net margin of 9.31% and a positive return on equity of 0.73%. The business had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.24 billion. During the same quarter in the prior year, the business earned ($0.17) EPS. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year. Equities analysts predict that Telephone and Data Systems, Inc. will post -0.39 EPS for the current fiscal year.

Telephone and Data Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Monday, September 16th. Telephone and Data Systems’s dividend payout ratio (DPR) is presently -3.29%.

About Telephone and Data Systems

Telephone and Data Systems, Inc, a telecommunications company, provides communications services in the United States. It operates through two segments: UScellular and TDS Telecom. The company offers wireless solutions to consumers, and business and government customers, including a suite of connected Internet of things (IoT) solutions, and software applications for monitor and control, business automation/operations, communication, fleet and asset management, smart water solutions, private cellular networks and custom, and end-to-end IoT solutions; wireless priority services and quality priority and preemption options; smartphones and other handsets, tablets, wearables, mobile hotspots, fixed wireless home internet, and IoT devices; and accessories, such as cases, screen protectors, chargers, and memory cards, as well as consumer electronics, including audio, home automation and networking products.