New York State Common Retirement Fund lowered its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 1.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 648,529 shares of the Wireless communications provider's stock after selling 7,200 shares during the quarter. New York State Common Retirement Fund owned 0.06% of T-Mobile US worth $143,150,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of TMUS. Stratos Wealth Advisors LLC grew its holdings in T-Mobile US by 9.1% during the third quarter. Stratos Wealth Advisors LLC now owns 1,835 shares of the Wireless communications provider's stock worth $379,000 after buying an additional 153 shares in the last quarter. Cyndeo Wealth Partners LLC bought a new stake in T-Mobile US during the third quarter worth $322,000. Vest Financial LLC bought a new stake in T-Mobile US during the third quarter worth $753,000. Koss Olinger Consulting LLC grew its holdings in T-Mobile US by 9.3% during the third quarter. Koss Olinger Consulting LLC now owns 2,044 shares of the Wireless communications provider's stock worth $422,000 after buying an additional 174 shares in the last quarter. Finally, Whittier Trust Co. grew its holdings in T-Mobile US by 2.4% during the third quarter. Whittier Trust Co. now owns 6,159 shares of the Wireless communications provider's stock worth $1,271,000 after buying an additional 146 shares in the last quarter. Institutional investors own 42.49% of the company's stock.
T-Mobile US Stock Performance
Shares of NASDAQ:TMUS traded down $0.23 during midday trading on Friday, reaching $265.17. 3,554,246 shares of the company traded hands, compared to its average volume of 3,824,914. 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 12 month low of $158.84 and a 12 month high of $271.41. The firm has a market capitalization of $302.76 billion, a price-to-earnings ratio of 27.42, a price-to-earnings-growth ratio of 1.53 and a beta of 0.56. The firm's fifty day moving average price is $230.32 and its two-hundred day moving average price is $220.66.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. On average, equities analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.
T-Mobile US Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a yield of 1.33%. T-Mobile US's dividend payout ratio is currently 36.40%.
Analysts Set New Price Targets
Several research firms have weighed in on TMUS. Royal Bank of Canada boosted their price objective on T-Mobile US from $240.00 to $245.00 and gave the stock a "sector perform" rating in a research report on Thursday, January 30th. Barclays boosted their price objective on T-Mobile US from $230.00 to $250.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. BNP Paribas raised T-Mobile US to a "strong-buy" rating in a research report on Friday, October 25th. Raymond James cut T-Mobile US from an "outperform" rating to a "market perform" rating in a research report on Friday, October 25th. Finally, KeyCorp cut T-Mobile US from an "overweight" rating to a "sector weight" rating and set a $252.00 price objective on the stock. in a research report on Thursday, December 12th. Seven research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, T-Mobile US presently has an average rating of "Moderate Buy" and an average target price of $251.79.
Read Our Latest Research Report on TMUS
Insiders Place Their Bets
In other T-Mobile US news, Director Letitia A. Long sold 1,100 shares of the company's stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $231.08, for a total value of $254,188.00. Following the transaction, the director now directly owns 5,653 shares in the company, valued at $1,306,295.24. This represents a 16.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Srikant M. Datar sold 1,000 shares of the company's stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $246.00, for a total value of $246,000.00. Following the completion of the transaction, the director now owns 4,021 shares in the company, valued at $989,166. This represents a 19.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,100 shares of company stock worth $747,378 in the last ninety days. 0.67% of the stock is currently owned by insiders.
T-Mobile US Company Profile
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Free Report)
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.
Further Reading
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