Kentucky Retirement Systems Sells 4,715 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Kentucky Retirement Systems cut its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 12.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,140 shares of the Wireless communications provider's stock after selling 4,715 shares during the period. Kentucky Retirement Systems' holdings in T-Mobile US were worth $7,045,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TMUS. International Assets Investment Management LLC grew its holdings in shares of T-Mobile US by 21,580.9% during the third quarter. International Assets Investment Management LLC now owns 249,981 shares of the Wireless communications provider's stock worth $51,586,000 after purchasing an additional 248,828 shares during the last quarter. Victory Capital Management Inc. grew its holdings in T-Mobile US by 0.9% during the 3rd quarter. Victory Capital Management Inc. now owns 937,085 shares of the Wireless communications provider's stock worth $193,377,000 after acquiring an additional 8,101 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of T-Mobile US by 13.6% in the second quarter. NewEdge Advisors LLC now owns 211,059 shares of the Wireless communications provider's stock worth $37,184,000 after acquiring an additional 25,217 shares during the last quarter. Ferguson Wellman Capital Management Inc. raised its stake in shares of T-Mobile US by 84.6% in the third quarter. Ferguson Wellman Capital Management Inc. now owns 223,997 shares of the Wireless communications provider's stock worth $46,224,000 after acquiring an additional 102,663 shares during the last quarter. Finally, Fiera Capital Corp acquired a new position in shares of T-Mobile US during the third quarter worth approximately $483,000. 42.49% of the stock is owned by institutional investors and hedge funds.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Raul Marcelo Claure sold 9,586 shares of T-Mobile US stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $196.96, for a total value of $1,888,058.56. Following the sale, the director now directly owns 1,940,792 shares in the company, valued at approximately $382,258,392.32. The trade was a 0.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO G Michael Sievert sold 20,000 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $237.73, for a total transaction of $4,754,600.00. Following the transaction, the chief executive officer now owns 378,124 shares of the company's stock, valued at approximately $89,891,418.52. This represents a 5.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 464,924 shares of company stock valued at $97,427,925. 0.67% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on TMUS shares. Barclays upped their price objective on T-Mobile US from $215.00 to $230.00 and gave the stock an "overweight" rating in a report on Thursday, October 24th. Oppenheimer upped their price target on T-Mobile US from $215.00 to $250.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Bank of America lifted their price objective on T-Mobile US from $220.00 to $240.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Sanford C. Bernstein upgraded shares of T-Mobile US to a "strong-buy" rating in a research report on Wednesday, July 31st. Finally, Scotiabank lifted their price target on shares of T-Mobile US from $236.00 to $237.00 and gave the stock a "sector perform" rating in a research report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $241.83.

T-Mobile US Stock Down 0.9 %

NASDAQ TMUS traded down $2.14 during trading hours on Friday, reaching $235.61. 3,940,160 shares of the company's stock were exchanged, compared to its average volume of 4,440,809. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.08. The company has a market capitalization of $273.42 billion, a price-to-earnings ratio of 26.87, a price-to-earnings-growth ratio of 1.23 and a beta of 0.50. The company's 50-day moving average is $215.88 and its two-hundred day moving average is $192.44. T-Mobile US, Inc. has a one year low of $147.07 and a one year high of $242.43.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, topping analysts' consensus estimates of $2.32 by $0.29. The business had revenue of $20.16 billion for the quarter, compared to analyst estimates of $20.01 billion. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The firm's quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the business posted $1.82 earnings per share. On average, analysts forecast that T-Mobile US, Inc. will post 9.36 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This is an increase from T-Mobile US's previous quarterly dividend of $0.65. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.49%. T-Mobile US's dividend payout ratio (DPR) is presently 29.65%.

T-Mobile US 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.