New York State Common Retirement Fund Has $123.91 Million Stock Holdings in T-Mobile US, Inc. $TMUS

New York State Common Retirement Fund lowered its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 7.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 517,629 shares of the Wireless communications provider’s stock after selling 41,300 shares during the quarter. New York State Common Retirement Fund’s holdings in T-Mobile US were worth $123,910,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in TMUS. TD Waterhouse Canada Inc. increased its stake in T-Mobile US by 9.8% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 42,510 shares of the Wireless communications provider’s stock valued at $9,926,000 after buying an additional 3,794 shares during the last quarter. Crumly & Associates Inc. grew its holdings in shares of T-Mobile US by 2.7% in the 3rd quarter. Crumly & Associates Inc. now owns 3,393 shares of the Wireless communications provider’s stock valued at $812,000 after acquiring an additional 90 shares in the last quarter. Coastal Bridge Advisors LLC increased its position in shares of T-Mobile US by 3.3% in the third quarter. Coastal Bridge Advisors LLC now owns 20,153 shares of the Wireless communications provider’s stock valued at $4,824,000 after acquiring an additional 643 shares during the last quarter. Chesapeake Wealth Management raised its holdings in T-Mobile US by 2.8% during the third quarter. Chesapeake Wealth Management now owns 5,862 shares of the Wireless communications provider’s stock worth $1,403,000 after acquiring an additional 161 shares in the last quarter. Finally, Traynor Capital Management Inc. raised its holdings in T-Mobile US by 239.3% during the third quarter. Traynor Capital Management Inc. now owns 14,402 shares of the Wireless communications provider’s stock worth $3,448,000 after acquiring an additional 10,157 shares in the last quarter. 42.49% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TMUS has been the subject of a number of analyst reports. Hsbc Global Res upgraded T-Mobile US from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 24th. Benchmark reissued a “buy” rating on shares of T-Mobile US in a report on Wednesday, January 21st. Moffett Nathanson boosted their target price on shares of T-Mobile US from $210.00 to $230.00 and gave the stock a “neutral” rating in a report on Thursday, October 2nd. TD Cowen reaffirmed a “buy” rating on shares of T-Mobile US in a research report on Friday, October 24th. Finally, Argus cut their price target on shares of T-Mobile US from $275.00 to $245.00 and set a “buy” rating for the company in a research note on Tuesday, December 9th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $256.36.

Insider Activity at T-Mobile US

In related news, insider Michael J. Katz sold 2,500 shares of the stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $215.91, for a total transaction of $539,775.00. Following the sale, the insider owned 156,203 shares of the company’s stock, valued at $33,725,789.73. This represents a 1.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director G Michael Sievert sold 22,500 shares of T-Mobile US stock in a transaction on Monday, November 17th. The shares were sold at an average price of $216.97, for a total value of $4,881,825.00. Following the completion of the transaction, the director directly owned 308,696 shares of the company’s stock, valued at $66,977,771.12. This represents a 6.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 51,457 shares of company stock worth $11,149,636 in the last quarter. Corporate insiders own 0.37% of the company’s stock.

T-Mobile US Stock Up 1.0%

TMUS opened at $186.25 on Thursday. The stock’s fifty day simple moving average is $198.43 and its 200 day simple moving average is $221.49. T-Mobile US, Inc. has a 1-year low of $181.36 and a 1-year high of $276.49. The stock has a market cap of $208.32 billion, a PE ratio of 17.91, a price-to-earnings-growth ratio of 1.02 and a beta of 0.45. The company has a current ratio of 0.89, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Friday, February 27th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $4.08 annualized dividend and a dividend yield of 2.2%. T-Mobile US’s payout ratio is presently 39.23%.

T-Mobile US Company Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.