State of New Jersey Common Pension Fund D Sells 4,476 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

State of New Jersey Common Pension Fund D lowered its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 1.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 307,646 shares of the Wireless communications provider’s stock after selling 4,476 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in T-Mobile US were worth $49,325,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. BluePath Capital Management LLC bought a new position in shares of T-Mobile US in the 3rd quarter valued at about $26,000. Valley National Advisers Inc. lifted its stake in shares of T-Mobile US by 232.1% in the 4th quarter. Valley National Advisers Inc. now owns 176 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 123 shares during the last quarter. Baker Avenue Asset Management LP boosted its holdings in shares of T-Mobile US by 63.3% in the 3rd quarter. Baker Avenue Asset Management LP now owns 209 shares of the Wireless communications provider’s stock worth $29,000 after purchasing an additional 81 shares during the period. Bay Harbor Wealth Management LLC bought a new position in shares of T-Mobile US during the 4th quarter valued at approximately $34,000. Finally, Raleigh Capital Management Inc. raised its holdings in T-Mobile US by 54.5% during the 3rd quarter. Raleigh Capital Management Inc. now owns 255 shares of the Wireless communications provider’s stock valued at $36,000 after buying an additional 90 shares during the period. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Stock Down 0.1 %

Shares of TMUS stock traded down $0.09 on Friday, hitting $163.96. The stock had a trading volume of 7,968,973 shares, compared to its average volume of 4,564,574. T-Mobile US, Inc. has a one year low of $124.92 and a one year high of $168.64. The business has a 50 day moving average price of $162.44 and a 200 day moving average price of $156.81. The company has a market cap of $194.60 billion, a PE ratio of 23.64, a P/E/G ratio of 0.68 and a beta of 0.49. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.18.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 EPS for the quarter, beating the consensus estimate of $1.83 by $0.17. T-Mobile US had a net margin of 10.59% and a return on equity of 12.69%. The business had revenue of $19.59 billion during the quarter, compared to analyst estimates of $19.81 billion. During the same quarter in the previous year, the business posted $1.58 EPS. The company’s quarterly revenue was down .2% compared to the same quarter last year. Research analysts anticipate that T-Mobile US, Inc. will post 8.83 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Friday, May 31st will be given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Friday, May 31st. T-Mobile US’s payout ratio is currently 37.52%.

Insider Buying and Selling

In other T-Mobile US news, insider Michael J. Katz sold 6,655 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $161.23, for a total value of $1,072,985.65. Following the completion of the sale, the insider now directly owns 126,616 shares in the company, valued at $20,414,297.68. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other T-Mobile US news, insider Michael J. Katz sold 6,655 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $161.23, for a total value of $1,072,985.65. Following the completion of the sale, the insider now owns 126,616 shares of the company’s stock, valued at $20,414,297.68. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Telekom Ag Deutsche sold 194,910 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $161.85, for a total transaction of $31,546,183.50. Following the transaction, the director now owns 689,930,831 shares in the company, valued at approximately $111,665,304,997.35. The disclosure for this sale can be found here. Insiders sold a total of 5,800,979 shares of company stock worth $940,632,554 in the last 90 days. 0.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have commented on the stock. TD Cowen dropped their price objective on shares of T-Mobile US from $204.00 to $202.00 and set a “buy” rating for the company in a research note on Friday. Tigress Financial upped their price target on shares of T-Mobile US from $204.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Morgan Stanley increased their price objective on shares of T-Mobile US from $180.00 to $186.00 and gave the stock an “overweight” rating in a research report on Monday, January 29th. Oppenheimer restated an “outperform” rating and set a $190.00 target price on shares of T-Mobile US in a research report on Wednesday, April 3rd. Finally, Raymond James increased their price target on T-Mobile US from $180.00 to $185.00 and gave the stock a “strong-buy” rating in a report on Friday, January 26th. One research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $186.33.

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.