Cigna Investments Inc. New Has $522,000 Position in Telephone and Data Systems, Inc. (TDS)

Cigna Investments Inc. New cut its stake in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 65.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,802 shares of the Wireless communications provider’s stock after selling 35,019 shares during the period. Cigna Investments Inc. New’s holdings in Telephone and Data Systems were worth $522,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. boosted its stake in Telephone and Data Systems by 4,117.8% in the first quarter. BlackRock Inc. now owns 16,773,204 shares of the Wireless communications provider’s stock valued at $444,657,000 after buying an additional 16,375,531 shares during the period. Teachers Advisors LLC boosted its stake in Telephone and Data Systems by 23.8% in the first quarter. Teachers Advisors LLC now owns 2,787,371 shares of the Wireless communications provider’s stock valued at $73,893,000 after buying an additional 536,603 shares during the period. Dimensional Fund Advisors LP boosted its stake in Telephone and Data Systems by 8.4% in the first quarter. Dimensional Fund Advisors LP now owns 6,284,698 shares of the Wireless communications provider’s stock valued at $166,607,000 after buying an additional 487,203 shares during the period. Brookfield Asset Management Inc. purchased a new stake in Telephone and Data Systems during the first quarter valued at $9,544,000. Finally, First Quadrant L P CA boosted its stake in Telephone and Data Systems by 125.7% in the first quarter. First Quadrant L P CA now owns 596,613 shares of the Wireless communications provider’s stock valued at $15,816,000 after buying an additional 332,303 shares during the period. 80.29% of the stock is owned by institutional investors and hedge funds.

Shares of Telephone and Data Systems, Inc. (TDS) opened at 28.72 on Wednesday. The stock has a 50 day moving average of $28.28 and a 200 day moving average of $27.83. Telephone and Data Systems, Inc. has a 1-year low of $24.12 and a 1-year high of $32.97. The stock has a market cap of $3.18 billion, a PE ratio of 58.73 and a beta of 1.04.

Telephone and Data Systems (NYSE:TDS) last posted its quarterly earnings data on Friday, August 4th. The Wireless communications provider reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by $0.04. The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.27 billion. Telephone and Data Systems had a net margin of 1.09% and a return on equity of 1.15%. The business’s quarterly revenue was down 3.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.25 EPS. Equities research analysts forecast that Telephone and Data Systems, Inc. will post $0.50 EPS for the current year.

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TDS has been the subject of several analyst reports. Zacks Investment Research cut shares of Telephone and Data Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. BidaskClub cut shares of Telephone and Data Systems from a “hold” rating to a “sell” rating in a research note on Sunday, July 16th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $35.00.

About Telephone and Data Systems

Telephone and Data Systems, Inc is a diversified telecommunications company. The Company is engaged in conducting its Wireless operations through its subsidiary, United States Cellular Corporation (U.S. Cellular), as well as providing its wireline services, cable services, and hosted and managed services (HMS), through its subsidiary, TDS Telecommunications Corporation (TDS Telecom).

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

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