NJ State Employees Deferred Compensation Plan Has $2.84 Million Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

NJ State Employees Deferred Compensation Plan reduced its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 10.9% during the 1st quarter, Holdings Channel reports. The firm owned 10,662 shares of the Wireless communications provider’s stock after selling 1,300 shares during the period. NJ State Employees Deferred Compensation Plan’s holdings in T-Mobile US were worth $2,844,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Arete Wealth Advisors LLC raised its holdings in T-Mobile US by 28.7% during the fourth quarter. Arete Wealth Advisors LLC now owns 3,124 shares of the Wireless communications provider’s stock worth $690,000 after acquiring an additional 696 shares in the last quarter. Thoroughbred Financial Services LLC increased its holdings in T-Mobile US by 5.9% in the fourth quarter. Thoroughbred Financial Services LLC now owns 7,631 shares of the Wireless communications provider’s stock valued at $1,684,000 after purchasing an additional 424 shares during the period. Landscape Capital Management L.L.C. acquired a new stake in T-Mobile US during the 4th quarter worth about $1,000,000. Resona Asset Management Co. Ltd. acquired a new stake in T-Mobile US during the 4th quarter worth about $43,068,000. Finally, Aviva PLC boosted its position in shares of T-Mobile US by 31.9% during the 4th quarter. Aviva PLC now owns 423,824 shares of the Wireless communications provider’s stock worth $93,551,000 after purchasing an additional 102,413 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Callie R. Field sold 12,300 shares of the firm’s stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $240.80, for a total transaction of $2,961,840.00. Following the sale, the insider directly owned 110,891 shares in the company, valued at $26,702,552.80. This trade represents a 9.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jon Freier sold 7,000 shares of the firm’s stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $250.00, for a total transaction of $1,750,000.00. Following the completion of the transaction, the insider directly owned 199,643 shares of the company’s stock, valued at $49,910,750. This represents a 3.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,555,330 shares of company stock valued at $360,568,811 in the last ninety days. 0.37% of the stock is owned by insiders.

Wall Street Analyst Weigh In

TMUS has been the topic of several recent analyst reports. Scotiabank raised shares of T-Mobile US from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the stock from $275.00 to $277.50 in a research report on Wednesday, April 30th. Arete Research raised shares of T-Mobile US to a “strong-buy” rating in a research note on Tuesday, July 8th. JPMorgan Chase & Co. boosted their price target on shares of T-Mobile US from $270.00 to $280.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. Rothschild & Co Redburn raised shares of T-Mobile US from a “sell” rating to a “neutral” rating and set a $228.00 price target for the company in a research report on Monday, July 7th. Finally, Redburn Atlantic upgraded shares of T-Mobile US from a “strong sell” rating to a “hold” rating and set a $228.00 target price on the stock in a report on Monday, July 7th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $256.31.

T-Mobile US Price Performance

TMUS stock opened at $237.20 on Friday. The firm has a 50-day moving average of $234.89 and a two-hundred day moving average of $245.53. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $266.95 billion, a PE ratio of 22.38, a P/E/G ratio of 1.30 and a beta of 0.62. T-Mobile US, Inc. has a one year low of $185.39 and a one year high of $276.49.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.69 by $0.15. The business had revenue of $21.13 billion for the quarter, compared to the consensus estimate of $20.99 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. T-Mobile US’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the company posted $2.49 earnings per share. On average, analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.5%. T-Mobile US’s dividend payout ratio is 33.21%.

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.