State Street Corp. Updates Passive Stake in Telephone & Data Systems
Ticker: TDS-PV · Form: SC 13G/A · Filed: Jan 22, 2024 · CIK: 1051512
| Field | Detail |
|---|---|
| Company | Telephone & Data Systems Inc /De/ (TDS-PV) |
| Form Type | SC 13G/A |
| Filed Date | Jan 22, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment, telecommunications
TL;DR
**State Street Corp. just updated its passive stake in Telephone & Data Systems, no big changes.**
AI Summary
State Street Corporation, a major financial institution, filed an amended SC 13G/A on January 22, 2024, indicating its ownership of Common Stock in Telephone & Data Systems Inc. /DE/ as of December 31, 2023. This filing is an update to their previous disclosures, confirming their continued passive investment in the telecommunications company. For investors, this means a large institutional holder maintains its position, which can signal stability but doesn't suggest any immediate strategic changes or activist intent.
Why It Matters
This filing confirms State Street Corporation's ongoing, passive institutional ownership in Telephone & Data Systems Inc., providing transparency on significant shareholder positions.
Risk Assessment
Risk Level: low — This is a routine update from a passive institutional investor and does not indicate any new risks or significant changes in company control.
Analyst Insight
An investor should note that a major institutional investor, State Street Corporation, continues to hold a passive stake in Telephone & Data Systems Inc., suggesting no immediate red flags or significant changes in institutional sentiment, but also no new catalysts.
Key Players & Entities
- State Street Corporation (company) — the reporting person and institutional investor
- Telephone & Data Systems Inc. /DE/ (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- 0000093751-24-000037 (other) — accession number for the filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, indicating an update to a beneficial ownership report.
Who is the reporting person in this filing?
The reporting person is State Street Corporation, with an IRS Identification No. of 04-2456637.
What is the subject company whose securities are being reported?
The subject company is TELEPHONE & DATA SYSTEMS INC /DE/, with a Central Index Key (CIK) of 0001051512.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the Common Stock of Telephone & Data Systems Inc. is 879433829.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 22, 2024 regarding TELEPHONE & DATA SYSTEMS INC /DE/ (TDS-PV).