Allianz Asset Management GmbH Increases Position in Telephone and Data Systems, Inc. $TDS

Allianz Asset Management GmbH boosted its stake in Telephone and Data Systems, Inc. (NYSE:TDS) by 21.5% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 456,451 shares of the Wireless communications provider’s stock after acquiring an additional 80,670 shares during the quarter. Allianz Asset Management GmbH’s holdings in Telephone and Data Systems were worth $17,911,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Jones Financial Companies Lllp raised its position in shares of Telephone and Data Systems by 121.3% in the third quarter. Jones Financial Companies Lllp now owns 830 shares of the Wireless communications provider’s stock valued at $31,000 after buying an additional 455 shares during the last quarter. Assetmark Inc. grew its position in Telephone and Data Systems by 53.1% in the second quarter. Assetmark Inc. now owns 1,297 shares of the Wireless communications provider’s stock worth $46,000 after acquiring an additional 450 shares during the period. EverSource Wealth Advisors LLC grew its position in Telephone and Data Systems by 191.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,311 shares of the Wireless communications provider’s stock worth $47,000 after acquiring an additional 861 shares during the period. Osaic Holdings Inc. increased its stake in Telephone and Data Systems by 36.8% during the second quarter. Osaic Holdings Inc. now owns 2,965 shares of the Wireless communications provider’s stock worth $106,000 after acquiring an additional 797 shares during the last quarter. Finally, Highland Capital Management LLC acquired a new position in Telephone and Data Systems in the third quarter valued at about $212,000. 80.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Citigroup boosted their price target on shares of Telephone and Data Systems from $45.00 to $51.00 and gave the stock a “buy” rating in a research note on Wednesday, January 7th. Zacks Research cut shares of Telephone and Data Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Weiss Ratings restated a “sell (d)” rating on shares of Telephone and Data Systems in a research note on Monday, December 29th. Finally, Wall Street Zen cut Telephone and Data Systems from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $51.67.

Insider Buying and Selling at Telephone and Data Systems

In related news, CAO Anita J. Kroll sold 870 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $39.16, for a total value of $34,069.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 14.97% of the stock is currently owned by corporate insiders.

Telephone and Data Systems Trading Down 0.0%

NYSE TDS opened at $45.82 on Friday. The company has a quick ratio of 1.88, a current ratio of 1.89 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $5.27 billion, a P/E ratio of -42.43 and a beta of 0.32. Telephone and Data Systems, Inc. has a 52-week low of $31.07 and a 52-week high of $47.07. The firm has a 50-day moving average price of $41.62 and a 200 day moving average price of $39.80.

Telephone and Data Systems (NYSE:TDS) last released its earnings results on Friday, November 7th. The Wireless communications provider reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.13. Telephone and Data Systems had a positive return on equity of 1.15% and a negative net margin of 1.46%.The company had revenue of $308.52 million for the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the previous year, the firm posted ($0.73) EPS. The firm’s quarterly revenue was down 5.8% on a year-over-year basis. Equities research analysts expect that Telephone and Data Systems, Inc. will post -0.31 EPS for the current year.

Telephone and Data Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Monday, December 15th were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.16 annualized dividend and a dividend yield of 0.3%. Telephone and Data Systems’s payout ratio is -14.81%.

Telephone and Data Systems Company Profile

Telephone and Data Systems, Inc (NYSE: TDS) is a diversified telecommunications company headquartered in Chicago, Illinois. Through its subsidiaries, the company provides a broad array of communications services, including wireless voice and data, wireline broadband and voice, cable television, and managed IT and cloud solutions. Its two primary operating units—TDS Telecom and U.S. Cellular—serve residential, business and wholesale customers across the United States.

TDS Telecom focuses on delivering broadband internet, digital voice, video and data communications services in primarily rural and suburban markets.