Principal Financial Group Inc. Has $10.69 Million Holdings in Telephone and Data Systems, Inc. (NYSE:TDS)

Principal Financial Group Inc. lessened its stake in Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 5.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 459,780 shares of the Wireless communications provider's stock after selling 26,499 shares during the quarter. Principal Financial Group Inc. owned about 0.41% of Telephone and Data Systems worth $10,690,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of TDS. GAMMA Investing LLC grew its position in 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 valued at $123,000 after acquiring an additional 490 shares during the last quarter. Victory Capital Management Inc. boosted its position in Telephone and Data Systems by 1.4% during the 2nd quarter. Victory Capital Management Inc. now owns 41,514 shares of the Wireless communications provider's stock worth $861,000 after buying an additional 554 shares during the period. Nisa Investment Advisors LLC grew its holdings in Telephone and Data Systems by 14.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 5,146 shares of the Wireless communications provider's stock worth $107,000 after acquiring an additional 630 shares during the last quarter. Diversified Trust Co increased its position in Telephone and Data Systems by 2.5% in the 3rd quarter. Diversified Trust Co now owns 31,770 shares of the Wireless communications provider's stock valued at $739,000 after acquiring an additional 771 shares during the period. Finally, Louisiana State Employees Retirement System raised its stake in shares of 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 acquiring an additional 800 shares during the last quarter. Institutional investors own 80.00% of the company's stock.

Wall Street Analyst Weigh In

TDS has been the topic of several analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Telephone and Data Systems from $39.00 to $40.00 and gave the stock an "overweight" rating in a research note 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 research note on Thursday, November 7th.

Telephone and Data Systems Trading Up 0.1 %

NYSE TDS traded up $0.03 during mid-day trading on Monday, reaching $31.20. 687,461 shares of the stock were exchanged, compared to its average volume of 1,103,990. The stock has a market cap of $3.53 billion, a P/E ratio of -5.77 and a beta of 0.77. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.59 and a quick ratio of 1.44. Telephone and Data Systems, Inc. has a one year low of $13.69 and a one year high of $34.57. The stock has a 50 day simple moving average of $26.09 and a 200-day simple moving average of $22.45.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last posted its quarterly earnings data on Friday, November 1st. The Wireless communications provider reported $0.01 earnings per share for the quarter, topping 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 firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.24 billion. During the same period last year, the company posted ($0.16) EPS. The business's quarterly revenue was down 4.2% on a year-over-year basis. On average, analysts anticipate that Telephone and Data Systems, Inc. will post -0.36 EPS for the current 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.