New Mexico Educational Retirement Board Reduces Position in T-Mobile US, Inc. (NASDAQ:TMUS)

New Mexico Educational Retirement Board cut its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 7.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,350 shares of the Wireless communications provider's stock after selling 1,900 shares during the period. New Mexico Educational Retirement Board's holdings in T-Mobile US were worth $5,154,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in TMUS. Wellington Management Group LLP boosted its position in shares of T-Mobile US by 4.0% during the third quarter. Wellington Management Group LLP now owns 15,524,529 shares of the Wireless communications provider's stock valued at $3,203,642,000 after buying an additional 602,786 shares during the period. FMR LLC boosted its holdings in T-Mobile US by 13.4% during the 3rd quarter. FMR LLC now owns 12,893,770 shares of the Wireless communications provider's stock valued at $2,660,758,000 after acquiring an additional 1,522,394 shares during the period. Franklin Resources Inc. grew its position in T-Mobile US by 9.9% in the 3rd quarter. Franklin Resources Inc. now owns 6,553,703 shares of the Wireless communications provider's stock valued at $1,448,426,000 after acquiring an additional 590,711 shares during the last quarter. Barclays PLC grew its position in T-Mobile US by 38.3% in the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider's stock valued at $653,160,000 after acquiring an additional 876,182 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in T-Mobile US by 2.5% in the third quarter. Principal Financial Group Inc. now owns 1,978,567 shares of the Wireless communications provider's stock worth $408,297,000 after purchasing an additional 47,350 shares during the period. 42.49% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other T-Mobile US news, Director Srikant M. Datar sold 1,000 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $246.00, for a total transaction of $246,000.00. Following the transaction, the director now directly owns 4,021 shares of the company's stock, valued at $989,166. This trade represents a 19.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Andre Almeida purchased 3,808 shares of the firm's stock in a transaction that occurred on Monday, December 9th. The stock was bought at an average cost of $235.72 per share, for a total transaction of $897,621.76. Following the completion of the purchase, the director now directly owns 3,808 shares in the company, valued at $897,621.76. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 3,100 shares of company stock worth $747,378. Company insiders own 0.67% of the company's stock.

T-Mobile US Stock Up 0.1 %

Shares of TMUS traded up $0.14 during mid-day trading on Wednesday, hitting $263.35. 3,787,352 shares of the company traded hands, compared to its average volume of 3,865,535. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. T-Mobile US, Inc. has a 1-year low of $158.84 and a 1-year high of $271.41. The company has a market capitalization of $300.68 billion, a PE ratio of 27.23, a price-to-earnings-growth ratio of 1.58 and a beta of 0.56. The business has a 50 day moving average of $229.10 and a 200 day moving average of $220.05.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. Equities research analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US's dividend payout ratio (DPR) is 36.40%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. BNP Paribas raised shares of T-Mobile US to a "strong-buy" rating in a research note on Friday, October 25th. Daiwa America raised shares of T-Mobile US to a "hold" rating in a research note on Friday, October 25th. Royal Bank of Canada increased their price objective on T-Mobile US from $240.00 to $245.00 and gave the stock a "sector perform" rating in a research note on Thursday, January 30th. UBS Group lifted their target price on T-Mobile US from $210.00 to $255.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Finally, Wells Fargo & Company increased their price target on T-Mobile US from $220.00 to $235.00 and gave the stock an "equal weight" 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 given a strong buy rating to the company. Based on data from MarketBeat.com, T-Mobile US presently has an average rating of "Moderate Buy" and an average target price of $251.79.

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.