T-Mobile US, Inc. $TMUS Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund trimmed its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 2.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 125,865 shares of the Wireless communications provider’s stock after selling 3,636 shares during the period. Illinois Municipal Retirement Fund’s holdings in T-Mobile US were worth $20,526,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in TMUS. Main Street Group LTD acquired a new position in shares of T-Mobile US in the first quarter valued at about $25,000. Paladin Partners LLC purchased a new position in shares of T-Mobile US in the second quarter worth about $25,000. Dunhill Financial LLC purchased a new position in shares of T-Mobile US in the second quarter worth about $27,000. Highland Investment Advisors LLC acquired a new stake in shares of T-Mobile US during the second quarter worth about $30,000. Finally, Cornerstone Planning Group LLC lifted its holdings in shares of T-Mobile US by 112.2% during the first quarter. Cornerstone Planning Group LLC now owns 174 shares of the Wireless communications provider’s stock worth $34,000 after purchasing an additional 92 shares during the period. 42.49% of the stock is owned by institutional investors and hedge funds.

T-Mobile US Stock Up 0.2%

Shares of TMUS stock opened at $169.08 on Wednesday. The stock has a market cap of $179.10 billion, a P/E ratio of 16.32, a P/E/G ratio of 0.97 and a beta of 0.40. T-Mobile US, Inc. has a twelve month low of $143.75 and a twelve month high of $224.75. The stock has a 50 day moving average of $164.48 and a 200 day moving average of $186.03. The company has a current ratio of 0.91, a quick ratio of 0.78 and a debt-to-equity ratio of 1.45.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Wednesday, October 28th. The Wireless communications provider reported $3.22 earnings per share for the quarter, beating the consensus estimate of $2.89 by $0.33. T-Mobile US had a net margin of 12.05% and a return on equity of 21.47%. The firm had revenue of $23.58 billion during the quarter, compared to analyst estimates of $23.15 billion. During the same period in the previous year, the firm earned $2.41 EPS. The business’s quarterly revenue was up 7.4% on a year-over-year basis. As a group, sell-side analysts expect that T-Mobile US, Inc. will post 11.50 EPS for the current year.

T-Mobile US Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Wednesday, November 25th will be issued a $1.17 dividend. The ex-dividend date of this dividend is Wednesday, November 25th. This is a positive change from T-Mobile US’s previous quarterly dividend of $1.02. This represents a $4.68 dividend on an annualized basis and a yield of 2.8%. T-Mobile US’s dividend payout ratio is presently 45.17%.

Insiders Place Their Bets

In other T-Mobile US news, CAO Daniel James Drobac sold 772 shares of the company’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $178.33, for a total value of $137,670.76. Following the completion of the transaction, the chief accounting officer owned 35,118 shares in the company, valued at approximately $6,262,592.94. This represents a 2.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.32% of the company’s stock.

Analysts Set New Price Targets

TMUS has been the topic of a number of recent research reports. TD Cowen dropped their target price on T-Mobile US from $260.00 to $258.00 and set a “buy” rating on the stock in a research report on Thursday, October 29th. KeyCorp reduced their price target on shares of T-Mobile US from $250.00 to $240.00 and set an “overweight” rating for the company in a research report on Thursday, October 29th. UBS Group decreased their price objective on shares of T-Mobile US from $255.00 to $235.00 and set a “buy” rating for the company in a research note on Friday, July 24th. Moffett Nathanson upped their price objective on shares of T-Mobile US from $242.00 to $246.00 and gave the company a “buy” rating in a report on Tuesday, September 22nd. Finally, Raymond James Financial raised shares of T-Mobile US from a “market perform” rating to an “outperform” rating and set a $170.00 price objective on the stock in a report on Monday, October 12th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $235.13.

T-Mobile US Company Profile

T-Mobile US, Inc. is a wireless communications provider serving consumers, businesses and government customers in the United States. Its services include wireless voice, messaging and data, as well as broadband internet delivered over its wireless network. The company offers service under the T-Mobile and Metro by T-Mobile brands. Its products and services include mobile plans, smartphones and other connected devices, home internet, and solutions for business customers. T-Mobile traces its roots to VoiceStream Wireless, which Deutsche Telekom acquired in 2001.