Commonwealth Bank of Australia Has $807,000 Stake in Telephone and Data Systems, Inc. (TDS)

Commonwealth Bank of Australia raised its holdings in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 52.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 29,100 shares of the Wireless communications provider’s stock after acquiring an additional 10,000 shares during the quarter. Commonwealth Bank of Australia’s holdings in Telephone and Data Systems were worth $807,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in TDS. Bank of Montreal Can boosted its position in shares of Telephone and Data Systems by 14.9% during the 1st quarter. Bank of Montreal Can now owns 8,413 shares of the Wireless communications provider’s stock worth $223,000 after acquiring an additional 1,091 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of Telephone and Data Systems by 1.5% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 33,105 shares of the Wireless communications provider’s stock worth $878,000 after acquiring an additional 500 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Telephone and Data Systems by 487.2% during the 1st quarter. Wells Fargo & Company MN now owns 140,290 shares of the Wireless communications provider’s stock worth $3,718,000 after acquiring an additional 116,397 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in shares of Telephone and Data Systems by 5.4% during the 1st quarter. Great West Life Assurance Co. Can now owns 56,556 shares of the Wireless communications provider’s stock worth $1,499,000 after acquiring an additional 2,907 shares in the last quarter. Finally, State Treasurer State of Michigan boosted its position in shares of Telephone and Data Systems by 1.1% during the 1st quarter. State Treasurer State of Michigan now owns 38,036 shares of the Wireless communications provider’s stock worth $1,008,000 after acquiring an additional 400 shares in the last quarter. 82.53% of the stock is owned by institutional investors and hedge funds.

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Several research firms have recently issued reports on TDS. Zacks Investment Research raised Telephone and Data Systems from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research report on Tuesday, August 8th. BidaskClub raised Telephone and Data Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $35.00.

Shares of Telephone and Data Systems, Inc. (NYSE TDS) opened at 26.88 on Friday. The firm has a market capitalization of $2.97 billion, a PE ratio of 54.97 and a beta of 1.04. Telephone and Data Systems, Inc. has a 12 month low of $24.12 and a 12 month high of $32.98. The company has a 50 day moving average price of $28.56 and a 200-day moving average price of $27.55.

Telephone and Data Systems (NYSE:TDS) last announced its earnings results on Friday, August 4th. The Wireless communications provider reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.04). The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Telephone and Data Systems had a return on equity of 1.15% and a net margin of 1.09%. The firm’s revenue was down 3.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.25 earnings per share. Equities research analysts expect that Telephone and Data Systems, Inc. will post $0.45 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 2.31%. The ex-dividend date is Thursday, September 14th. Telephone and Data Systems’s dividend payout ratio is currently 129.17%.

Telephone and Data Systems Company Profile

Telephone and Data Systems, Inc is a diversified telecommunications company. The Company is engaged in conducting its Wireless operations through its subsidiary, United States Cellular Corporation (U.S. Cellular), as well as providing its wireline services, cable services, and hosted and managed services (HMS), through its subsidiary, TDS Telecommunications Corporation (TDS Telecom).

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

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