T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by State of Michigan Retirement System

State of Michigan Retirement System trimmed its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 0.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 132,241 shares of the Wireless communications provider’s stock after selling 1,200 shares during the quarter. State of Michigan Retirement System’s holdings in T-Mobile US were worth $29,190,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in TMUS. Farther Finance Advisors LLC increased its stake in shares of T-Mobile US by 34.7% during the third quarter. Farther Finance Advisors LLC now owns 3,778 shares of the Wireless communications provider’s stock worth $780,000 after acquiring an additional 974 shares during the period. Robeco Institutional Asset Management B.V. grew its position in T-Mobile US by 146.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 158,744 shares of the Wireless communications provider’s stock worth $32,758,000 after buying an additional 94,242 shares during the period. Roman Butler Fullerton & Co. grew its position in T-Mobile US by 13.9% during the third quarter. Roman Butler Fullerton & Co. now owns 3,048 shares of the Wireless communications provider’s stock worth $662,000 after buying an additional 372 shares during the period. Intact Investment Management Inc. grew its position in T-Mobile US by 7.0% during the third quarter. Intact Investment Management Inc. now owns 5,340 shares of the Wireless communications provider’s stock worth $1,102,000 after buying an additional 350 shares during the period. Finally, National Pension Service grew its position in T-Mobile US by 12.6% during the third quarter. National Pension Service now owns 1,231,751 shares of the Wireless communications provider’s stock worth $254,184,000 after buying an additional 137,527 shares during the period. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Scotiabank upped their target price on shares of T-Mobile US from $247.00 to $275.00 and gave the stock a “sector perform” rating in a research report on Monday. Evercore ISI upgraded shares of T-Mobile US to a “strong-buy” rating in a research report on Thursday, January 23rd. KeyCorp lowered shares of T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 target price on the stock. in a research report on Thursday, December 12th. Barclays increased their price target on shares of T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Finally, Bank of America increased their price target on shares of T-Mobile US from $240.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Seven investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $253.26.

Insider Transactions at T-Mobile US

In related news, Director Letitia A. Long sold 1,100 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $231.08, for a total transaction of $254,188.00. Following the completion of the sale, the director now directly owns 5,653 shares of the company’s stock, valued at approximately $1,306,295.24. This trade represents a 16.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Andre Almeida purchased 3,808 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were purchased at an average cost of $235.72 per share, with a total value of $897,621.76. Following the completion of the acquisition, the director now owns 3,808 shares in the company, valued at approximately $897,621.76. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.67% of the company’s stock.

T-Mobile US Stock Performance

NASDAQ:TMUS opened at $272.83 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. The company has a market cap of $311.50 billion, a P/E ratio of 28.21, a P/E/G ratio of 1.55 and a beta of 0.56. T-Mobile US, Inc. has a fifty-two week low of $158.84 and a fifty-two week high of $276.49. The firm’s 50 day moving average is $236.54 and its two-hundred day moving average is $224.74.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. Analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US’s payout ratio is currently 36.40%.

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.