Telephone and Data Systems, Inc. (NYSE:TDS) Shares Acquired by Consolidated Planning Corp

Consolidated Planning Corp increased its stake in Telephone and Data Systems, Inc. (NYSE:TDS) by 38.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,453 shares of the Wireless communications provider’s stock after acquiring an additional 7,918 shares during the period. Consolidated Planning Corp’s holdings in Telephone and Data Systems were worth $662,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. TCW Group Inc. boosted its stake in shares of Telephone and Data Systems by 15.8% in the 2nd quarter. TCW Group Inc. now owns 549,432 shares of the Wireless communications provider’s stock valued at $11,390,000 after buying an additional 74,913 shares during the period. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Telephone and Data Systems in the 1st quarter valued at approximately $745,000. Tidal Investments LLC acquired a new stake in shares of Telephone and Data Systems in the 1st quarter valued at $1,048,000. UniSuper Management Pty Ltd purchased a new stake in shares of Telephone and Data Systems during the 1st quarter worth $401,000. Finally, Vanguard Group Inc. grew its stake in shares of Telephone and Data Systems by 2.6% during the first quarter. Vanguard Group Inc. now owns 12,569,591 shares of the Wireless communications provider’s stock worth $201,365,000 after purchasing an additional 320,976 shares in the last quarter. 80.00% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TDS has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their target price on Telephone and Data Systems from $39.00 to $40.00 and gave the stock an “overweight” rating in a research report on Monday. Raymond James raised Telephone and Data Systems from a “market perform” rating to an “outperform” rating and set a $51.00 price objective on the stock in a report on Thursday.

Telephone and Data Systems Price Performance

NYSE TDS opened at $32.44 on Friday. Telephone and Data Systems, Inc. has a one year low of $13.69 and a one year high of $34.57. The firm’s fifty day moving average is $25.16 and its two-hundred day moving average is $21.70. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.44 and a current ratio of 1.59.

Telephone and Data Systems (NYSE:TDS) last issued its quarterly earnings results on Friday, November 1st. The Wireless communications provider reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.19. Telephone and Data Systems had a negative net margin of 10.72% and a positive return on equity of 1.12%. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same period in the previous year, the business posted ($0.16) earnings per share. The business’s revenue was down 4.2% compared to the same quarter last year. On average, analysts forecast that Telephone and Data Systems, Inc. will post -0.36 earnings per share for the current fiscal year.

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.