Trust Co. of Vermont Purchases 1,321 Shares of Telephone & Data Systems, Inc. (NYSE:TDS)

Trust Co. of Vermont boosted its position in Telephone & Data Systems, Inc. (NYSE:TDS) by 5.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,811 shares of the Wireless communications provider’s stock after purchasing an additional 1,321 shares during the quarter. Trust Co. of Vermont’s holdings in Telephone & Data Systems were worth $845,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its holdings in Telephone & Data Systems by 3.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,420,433 shares of the Wireless communications provider’s stock worth $274,001,000 after purchasing an additional 305,937 shares during the period. Legal & General Group Plc grew its holdings in Telephone & Data Systems by 4.9% in the fourth quarter. Legal & General Group Plc now owns 187,408 shares of the Wireless communications provider’s stock worth $6,099,000 after purchasing an additional 8,689 shares during the period. Macquarie Group Ltd. grew its holdings in Telephone & Data Systems by 30.8% in the fourth quarter. Macquarie Group Ltd. now owns 1,700 shares of the Wireless communications provider’s stock worth $55,000 after purchasing an additional 400 shares during the period. Norges Bank acquired a new stake in Telephone & Data Systems in the fourth quarter worth $49,870,000. Finally, Geode Capital Management LLC grew its holdings in Telephone & Data Systems by 30.8% in the fourth quarter. Geode Capital Management LLC now owns 1,421,622 shares of the Wireless communications provider’s stock worth $46,258,000 after purchasing an additional 334,975 shares during the period. Institutional investors and hedge funds own 79.86% of the company’s stock.

In related news, Director Clarence A. Davis sold 2,410 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $30.18, for a total transaction of $72,733.80. Following the transaction, the director now directly owns 9,500 shares in the company, valued at $286,710. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Scott H. Williamson sold 33,647 shares of the business’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $32.90, for a total transaction of $1,106,986.30. Following the transaction, the insider now owns 55,881 shares in the company, valued at $1,838,484.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 60,003 shares of company stock worth $1,948,100. 14.33% of the stock is owned by corporate insiders.

A number of research firms have commented on TDS. ValuEngine cut shares of Telephone & Data Systems from a “buy” rating to a “hold” rating in a report on Thursday, June 27th. JPMorgan Chase & Co. upgraded shares of Telephone & Data Systems from an “underweight” rating to a “neutral” rating and reduced their price objective for the company from $32.00 to $31.00 in a report on Monday. Morgan Stanley upgraded shares of Telephone & Data Systems from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $33.00 to $47.50 in a report on Tuesday, June 18th. TheStreet upgraded shares of Telephone & Data Systems from a “c+” rating to a “b-” rating in a report on Wednesday, July 31st. Finally, Zacks Investment Research upgraded shares of Telephone & Data Systems from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a report on Tuesday, July 2nd. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $37.92.

Shares of NYSE TDS traded down $0.81 during mid-day trading on Wednesday, reaching $26.00. 21,576 shares of the company’s stock traded hands, compared to its average volume of 703,559. The company has a market capitalization of $3.13 billion, a PE ratio of 22.29 and a beta of 1.03. The business has a 50-day moving average of $31.43. Telephone & Data Systems, Inc. has a 1-year low of $25.41 and a 1-year high of $37.29. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.24 and a current ratio of 2.41.

Telephone & Data Systems (NYSE:TDS) last issued its quarterly earnings data on Thursday, August 1st. The Wireless communications provider reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.04). Telephone & Data Systems had a net margin of 2.99% and a return on equity of 2.89%. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the prior year, the business earned $0.29 earnings per share. The firm’s quarterly revenue was up .5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Telephone & Data Systems, Inc. will post 1.24 EPS for the current year.

About Telephone & Data Systems

Telephone and Data Systems, Inc, a telecommunications company, provides wireless, cable and wireline broadband, TV, voice, and hosted and managed services in the United States. It operates through three segments: U.S. Cellular, Wireline, and Cable. The company offers cellular services to postpaid and prepaid customers, including retail consumers, government entities, and small-to-mid-size business customers in industries, such as the construction, retail, agriculture, professional services, and real estate; and national plans with voice, messaging, and data usage options.

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

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