New York State Common Retirement Fund Lowers Stake in T-Mobile US, Inc. $TMUS

New York State Common Retirement Fund cut its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 4.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 558,929 shares of the Wireless communications provider’s stock after selling 24,600 shares during the period. New York State Common Retirement Fund’s holdings in T-Mobile US were worth $133,170,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in TMUS. Allworth Financial LP raised its stake in shares of T-Mobile US by 14.2% during the second quarter. Allworth Financial LP now owns 6,530 shares of the Wireless communications provider’s stock worth $1,556,000 after acquiring an additional 810 shares in the last quarter. NorthCrest Asset Manangement LLC bought a new stake in T-Mobile US in the second quarter valued at approximately $284,000. Berkshire Bank boosted its stake in shares of T-Mobile US by 12.5% during the second quarter. Berkshire Bank now owns 12,593 shares of the Wireless communications provider’s stock valued at $3,000,000 after purchasing an additional 1,400 shares during the period. Associated Banc Corp grew its holdings in shares of T-Mobile US by 50.6% in the second quarter. Associated Banc Corp now owns 25,903 shares of the Wireless communications provider’s stock worth $6,172,000 after purchasing an additional 8,700 shares during the last quarter. Finally, Prudential Financial Inc. increased its stake in shares of T-Mobile US by 8.0% in the second quarter. Prudential Financial Inc. now owns 747,421 shares of the Wireless communications provider’s stock worth $178,081,000 after buying an additional 55,245 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on TMUS shares. HSBC raised shares of T-Mobile US from a “hold” rating to a “buy” rating and set a $285.00 price target on the stock in a report on Friday, October 24th. Rothschild Redb raised T-Mobile US to a “hold” rating in a research report on Tuesday, September 30th. Hsbc Global Res raised T-Mobile US from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 24th. Cowen reissued a “buy” rating on shares of T-Mobile US in a research report on Friday, October 24th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating on shares of T-Mobile US in a research note on Friday, October 24th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $266.83.

Insider Buying and Selling

In related news, Director G Michael Sievert sold 22,500 shares of T-Mobile US stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $216.97, for a total value of $4,881,825.00. Following the completion of the sale, the director directly owned 308,696 shares in the company, valued at approximately $66,977,771.12. This trade represents a 6.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Telekom Ag Deutsche sold 1,374 shares of the company’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $220.46, for a total transaction of $302,912.04. Following the transaction, the director owned 582,065,875 shares in the company, valued at $128,322,242,802.50. This represents a 0.00% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 1,579,501 shares of company stock valued at $369,601,580. Insiders own 0.37% of the company’s stock.

T-Mobile US Stock Up 1.2%

Shares of T-Mobile US stock opened at $209.23 on Friday. T-Mobile US, Inc. has a 1 year low of $199.41 and a 1 year high of $276.49. The firm has a market cap of $234.02 billion, a price-to-earnings ratio of 20.12, a PEG ratio of 1.51 and a beta of 0.57. The company has a 50-day moving average of $220.29 and a 200 day moving average of $233.30. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.89 and a quick ratio of 0.80.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.40 by $0.01. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The business had revenue of $21.96 billion for the quarter, compared to analysts’ expectations of $21.61 billion. During the same quarter in the prior year, the company earned $2.61 earnings per share. The business’s revenue was up 8.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be paid a dividend of $1.02 per share. The ex-dividend date is Wednesday, November 26th. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.88. This represents a $4.08 dividend on an annualized basis and a yield of 2.0%. T-Mobile US’s dividend payout ratio (DPR) is presently 39.23%.

T-Mobile US Company Profile

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.