Texas Permanent School Fund Corp Buys 2,886 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Texas Permanent School Fund Corp increased its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 2.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 107,955 shares of the Wireless communications provider’s stock after buying an additional 2,886 shares during the quarter. Texas Permanent School Fund Corp’s holdings in T-Mobile US were worth $17,620,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Private Wealth Management Group LLC bought a new stake in T-Mobile US during the fourth quarter worth $27,000. Valley National Advisers Inc. grew its holdings in T-Mobile US by 232.1% during the fourth quarter. Valley National Advisers Inc. now owns 176 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 123 shares in the last quarter. Westside Investment Management Inc. grew its stake in T-Mobile US by 75.8% in the 1st quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 75 shares during the period. Bay Harbor Wealth Management LLC purchased a new stake in shares of T-Mobile US during the 4th quarter valued at $34,000. Finally, Raleigh Capital Management Inc. increased its position in shares of 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 purchasing an additional 90 shares during the last quarter. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Price Performance

NASDAQ TMUS traded down $1.71 during trading hours on Thursday, hitting $178.81. The company had a trading volume of 4,749,663 shares, compared to its average volume of 4,800,772. T-Mobile US, Inc. has a 52 week low of $131.47 and a 52 week high of $182.67. The firm has a 50 day simple moving average of $172.29 and a 200 day simple moving average of $165.79. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.86 and a current ratio of 0.94. The firm has a market capitalization of $209.54 billion, a price-to-earnings ratio of 24.33, a PEG ratio of 0.70 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 EPS for the quarter, topping the consensus estimate of $1.83 by $0.17. T-Mobile US had a return on equity of 13.61% and a net margin of 11.15%. The business had revenue of $19.59 billion during the quarter, compared to the consensus estimate of $19.81 billion. During the same quarter last year, the company earned $1.58 EPS. The firm’s revenue was down .2% compared to the same quarter last year. Equities research analysts expect that T-Mobile US, Inc. will post 9.02 earnings per share for the current year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Friday, August 30th will be paid a $0.65 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.60 annualized dividend and a yield of 1.45%. T-Mobile US’s dividend payout ratio is currently 35.37%.

Wall Street Analyst Weigh In

TMUS has been the subject of several research analyst reports. Bank of America raised their target price on T-Mobile US from $175.00 to $195.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Citigroup raised their target price on T-Mobile US from $176.00 to $184.00 and gave the company a “buy” rating in a research report on Monday, March 25th. StockNews.com lowered T-Mobile US from a “buy” rating to a “hold” rating in a research report on Wednesday, July 3rd. KeyCorp raised their target price on T-Mobile US from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. Finally, TD Cowen decreased their target price on T-Mobile US from $204.00 to $202.00 and set a “buy” rating for the company in a research report on Friday, April 26th. One equities research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, T-Mobile US presently has a consensus rating of “Buy” and a consensus target price of $190.79.

Insiders Place Their Bets

In other T-Mobile US news, Director Telekom Ag Deutsche sold 170,703 shares of the firm’s stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $159.98, for a total value of $27,309,065.94. Following the sale, the director now owns 679,434,731 shares of the company’s stock, valued at approximately $108,695,968,265.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other T-Mobile US news, Director Telekom Ag Deutsche sold 170,703 shares of the firm’s stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $159.98, for a total value of $27,309,065.94. Following the sale, the director now owns 679,434,731 shares of the company’s stock, valued at approximately $108,695,968,265.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO G Michael Sievert sold 20,000 shares of the firm’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $163.20, for a total value of $3,264,000.00. Following the transaction, the chief executive officer now directly owns 458,124 shares in the company, valued at $74,765,836.80. The disclosure for this sale can be found here. Insiders sold a total of 5,849,587 shares of company stock worth $983,194,872 in the last quarter. 0.67% of the stock is owned by company insiders.

About T-Mobile US

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.