KBC Group NV Buys Shares of 37,663 Telephone and Data Systems, Inc. (TDS)

KBC Group NV bought a new stake in shares of Telephone and Data Systems, Inc. (NYSE:TDS) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 37,663 shares of the Wireless communications provider’s stock, valued at approximately $1,050,000.

A number of other large investors have also bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Telephone and Data Systems by 11.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,795 shares of the Wireless communications provider’s stock worth $105,000 after buying an additional 387 shares in the last quarter. Tiedemann Wealth Management LLC purchased a new stake in shares of Telephone and Data Systems during the third quarter worth about $128,000. Sei Investments Co. grew its holdings in shares of Telephone and Data Systems by 13.9% during the second quarter. Sei Investments Co. now owns 4,868 shares of the Wireless communications provider’s stock worth $135,000 after buying an additional 594 shares in the last quarter. Macquarie Group Ltd. purchased a new stake in shares of Telephone and Data Systems during the third quarter worth about $192,000. Finally, World Asset Management Inc purchased a new stake in shares of Telephone and Data Systems during the third quarter worth about $203,000. Hedge funds and other institutional investors own 83.79% of the company’s stock.

Shares of Telephone and Data Systems, Inc. (NYSE TDS) traded down $0.10 during midday trading on Thursday, hitting $27.02. 470,700 shares of the stock were exchanged, compared to its average volume of 678,667. The stock has a market capitalization of $3,010.32, a P/E ratio of 60.27 and a beta of 0.98. Telephone and Data Systems, Inc. has a 1-year low of $24.57 and a 1-year high of $32.97. The company has a current ratio of 2.42, a quick ratio of 2.29 and a debt-to-equity ratio of 0.54.

Telephone and Data Systems (NYSE:TDS) last released its earnings results on Wednesday, November 8th. The Wireless communications provider reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.09). Telephone and Data Systems had a positive return on equity of 1.08% and a negative net margin of 2.77%. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period in the prior year, the business posted $0.11 earnings per share. Telephone and Data Systems’s revenue was down 4.8% on a year-over-year basis. analysts expect that Telephone and Data Systems, Inc. will post -1.27 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Friday, December 15th will be given a $0.155 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.62 annualized dividend and a dividend yield of 2.29%. Telephone and Data Systems’s dividend payout ratio is presently -48.82%.

TDS has been the subject of a number of recent research reports. Drexel Hamilton upgraded shares of Telephone and Data Systems from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Zacks Investment Research upgraded shares of Telephone and Data Systems from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a report on Monday, November 13th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $29.00.

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About Telephone and Data Systems

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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