Allianz Asset Management GmbH Purchases 80,670 Shares of Telephone and Data Systems, Inc. $TDS

Allianz Asset Management GmbH grew its holdings in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 21.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 456,451 shares of the Wireless communications provider’s stock after purchasing an additional 80,670 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.40% of Telephone and Data Systems worth $17,911,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of TDS. Royal Bank of Canada lifted its holdings in Telephone and Data Systems by 25.8% during the first quarter. Royal Bank of Canada now owns 42,165 shares of the Wireless communications provider’s stock valued at $1,633,000 after purchasing an additional 8,640 shares in the last quarter. AQR Capital Management LLC raised its stake in Telephone and Data Systems by 21.3% during the 1st quarter. AQR Capital Management LLC now owns 67,125 shares of the Wireless communications provider’s stock valued at $2,574,000 after purchasing an additional 11,769 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Telephone and Data Systems by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 58,721 shares of the Wireless communications provider’s stock worth $2,275,000 after purchasing an additional 2,572 shares in the last quarter. United Services Automobile Association bought a new position in Telephone and Data Systems in the 1st quarter worth approximately $248,000. Finally, Janney Montgomery Scott LLC boosted its stake in Telephone and Data Systems by 45.7% in the 2nd quarter. Janney Montgomery Scott LLC now owns 36,708 shares of the Wireless communications provider’s stock worth $1,306,000 after purchasing an additional 11,521 shares during the period. 80.00% of the stock is owned by institutional investors.

Insider Activity at Telephone and Data Systems

In other news, CAO Anita J. Kroll sold 870 shares of the stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $39.16, for a total value of $34,069.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 14.97% of the stock is owned by company insiders.

Telephone and Data Systems Trading Down 0.0%

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

Telephone and Data Systems (NYSE:TDS) last issued its quarterly earnings results on Friday, November 7th. The Wireless communications provider reported $0.07 earnings per share 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 business had revenue of $308.52 million during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter last year, the company earned ($0.73) earnings per share. The company’s quarterly revenue was down 5.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current fiscal year.

Telephone and Data Systems Announces Dividend

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

Analyst Ratings Changes

TDS has been the subject of a number of research analyst reports. Wall Street Zen lowered Telephone and Data Systems from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Telephone and Data Systems in a research note on Monday, December 29th. Zacks Research downgraded shares of Telephone and Data Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Finally, Citigroup lifted 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. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $51.67.

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.