Creative Planning Purchases 997 Shares of Telephone and Data Systems, Inc. (NYSE:TDS)

Creative Planning increased its position in Telephone and Data Systems, Inc. (NYSE:TDS) by 8.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,301 shares of the Wireless communications provider’s stock after acquiring an additional 997 shares during the period. Creative Planning’s holdings in Telephone and Data Systems were worth $309,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in shares of Telephone and Data Systems by 10.2% in the third quarter. GAMMA Investing LLC now owns 5,302 shares of the Wireless communications provider’s stock worth $123,000 after acquiring an additional 490 shares during the period. Victory Capital Management Inc. grew its holdings in shares of Telephone and Data Systems by 1.4% in the second quarter. Victory Capital Management Inc. now owns 41,514 shares of the Wireless communications provider’s stock worth $861,000 after acquiring an additional 554 shares during the period. Nisa Investment Advisors LLC grew its holdings in Telephone and Data Systems by 14.0% during the second quarter. Nisa Investment Advisors LLC now owns 5,146 shares of the Wireless communications provider’s stock valued at $107,000 after purchasing an additional 630 shares during the period. Diversified Trust Co grew its holdings in Telephone and Data Systems by 2.5% during the third quarter. Diversified Trust Co now owns 31,770 shares of the Wireless communications provider’s stock valued at $739,000 after purchasing an additional 771 shares during the period. Finally, Louisiana State Employees Retirement System grew its holdings in Telephone and Data Systems by 1.6% during the second quarter. Louisiana State Employees Retirement System now owns 49,600 shares of the Wireless communications provider’s stock valued at $1,028,000 after purchasing an additional 800 shares during the period. Institutional investors own 80.00% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on TDS. JPMorgan Chase & Co. boosted their price target on Telephone and Data Systems from $39.00 to $40.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Raymond James raised Telephone and Data Systems from a “market perform” rating to an “outperform” rating and set a $51.00 price target for the company in a report on Thursday.

Telephone and Data Systems Price Performance

Shares of Telephone and Data Systems stock opened at $31.99 on Friday. The stock’s 50-day simple moving average is $25.33 and its 200-day simple moving average is $21.82. Telephone and Data Systems, Inc. has a 52 week low of $13.69 and a 52 week high of $34.57. The company has a market capitalization of $3.61 billion, a price-to-earnings ratio of -5.92 and a beta of 0.77. The company has a quick ratio of 1.44, a current ratio of 1.59 and a debt-to-equity ratio of 0.85.

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

Telephone and Data Systems Profile

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.