Employees Retirement System of Texas Grows Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Employees Retirement System of Texas increased its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 21.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 375,900 shares of the Wireless communications provider's stock after buying an additional 65,243 shares during the quarter. Employees Retirement System of Texas' holdings in T-Mobile US were worth $82,972,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Signaturefd LLC raised its stake in shares of T-Mobile US by 0.4% in the fourth quarter. Signaturefd LLC now owns 11,324 shares of the Wireless communications provider's stock valued at $2,499,000 after acquiring an additional 41 shares during the last quarter. JSF Financial LLC raised its position in T-Mobile US by 0.9% in the 4th quarter. JSF Financial LLC now owns 5,062 shares of the Wireless communications provider's stock valued at $1,117,000 after purchasing an additional 44 shares during the last quarter. D Orazio & Associates Inc. boosted its stake in T-Mobile US by 3.7% in the fourth quarter. D Orazio & Associates Inc. now owns 1,316 shares of the Wireless communications provider's stock worth $290,000 after purchasing an additional 47 shares in the last quarter. Warren Street Wealth Advisors LLC grew its holdings in shares of T-Mobile US by 4.3% during the fourth quarter. Warren Street Wealth Advisors LLC now owns 1,141 shares of the Wireless communications provider's stock worth $252,000 after purchasing an additional 47 shares during the last quarter. Finally, Relyea Zuckerberg Hanson LLC increased its stake in shares of T-Mobile US by 3.9% in the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 1,286 shares of the Wireless communications provider's stock valued at $284,000 after buying an additional 48 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Wells Fargo & Company reissued an "equal weight" rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Tigress Financial reiterated a "buy" rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Royal Bank of Canada upped their target price on shares of T-Mobile US from $245.00 to $260.00 and gave the company a "sector perform" rating in a research report on Friday, March 21st. UBS Group cut shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 21st. Finally, Morgan Stanley initiated coverage on shares of T-Mobile US in a report on Monday, December 16th. They issued an "overweight" rating and a $280.00 price objective on the stock. Eleven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $256.80.

T-Mobile US Trading Up 1.0 %

NASDAQ TMUS traded up $2.55 during trading on Friday, hitting $258.67. 3,987,274 shares of the company's stock traded hands, compared to its average volume of 4,240,056. T-Mobile US, Inc. has a 12-month low of $159.14 and a 12-month high of $276.49. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. The stock has a fifty day moving average of $260.28 and a two-hundred day moving average of $237.28. The firm has a market cap of $295.34 billion, a P/E ratio of 26.75, a PEG ratio of 1.55 and a beta of 0.63.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) 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%. As a group, sell-side 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. Shareholders of record on Friday, May 30th will be issued a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US's dividend payout ratio (DPR) is currently 36.40%.

Insider Activity

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total value of $191,990.00. Following the completion of the sale, the director now directly owns 3,291 shares in the company, valued at $865,533. This trade represents a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.67% of the company's stock.

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.