Retirement Systems of Alabama Sells 6,785 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Retirement Systems of Alabama cut its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 6.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 106,955 shares of the Wireless communications provider's stock after selling 6,785 shares during the quarter. Retirement Systems of Alabama's holdings in T-Mobile US were worth $22,071,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in TMUS. Barclays PLC grew its stake in T-Mobile US by 38.3% during the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider's stock worth $653,160,000 after buying an additional 876,182 shares during the last quarter. International Assets Investment Management LLC grew its stake 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 acquiring an additional 248,828 shares during the last quarter. Swedbank AB grew its stake in shares of T-Mobile US by 5.1% during the third quarter. Swedbank AB now owns 255,044 shares of the Wireless communications provider's stock worth $52,631,000 after acquiring an additional 12,411 shares during the last quarter. Raymond James Trust N.A. raised its stake in shares of T-Mobile US by 55.2% in the third quarter. Raymond James Trust N.A. now owns 35,752 shares of the Wireless communications provider's stock worth $7,378,000 after purchasing an additional 12,712 shares during the last quarter. Finally, Passumpsic Savings Bank acquired a new position in shares of T-Mobile US in the 3rd quarter valued at about $2,634,000. 42.49% of the stock is owned by institutional investors.

T-Mobile US Trading Down 0.6 %

Shares of NASDAQ:TMUS traded down $1.33 during midday trading on Friday, reaching $231.94. The company's stock had a trading volume of 2,895,594 shares, compared to its average volume of 4,353,427. The business has a 50 day moving average price of $230.57 and a 200 day moving average price of $203.14. T-Mobile US, Inc. has a 1 year low of $153.84 and a 1 year high of $248.15. The firm has a market cap of $269.16 billion, a price-to-earnings ratio of 26.45, a price-to-earnings-growth ratio of 1.20 and a beta of 0.53. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.29. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The company had revenue of $20.16 billion during the quarter, compared to analysts' expectations of $20.01 billion. During the same period in the previous year, the company earned $1.82 EPS. The business's quarterly revenue was up 4.7% compared to the same quarter last year. Research analysts forecast that T-Mobile US, Inc. will post 9.38 EPS for the current year.

T-Mobile US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Friday, February 28th will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.52 annualized dividend and a dividend yield of 1.52%. T-Mobile US's payout ratio is currently 40.14%.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Oppenheimer lifted their target price on shares of T-Mobile US from $215.00 to $250.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. The Goldman Sachs Group increased their price objective on T-Mobile US from $220.00 to $250.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Benchmark raised their target price on T-Mobile US from $250.00 to $255.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. upped their target price on shares of T-Mobile US from $230.00 to $250.00 and gave the company an "overweight" rating in a report on Thursday, October 24th. Finally, Royal Bank of Canada boosted their target price on T-Mobile US from $232.00 to $255.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. Five research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $245.42.

Insider Activity at T-Mobile US

In other T-Mobile US news, insider Michael J. Katz sold 3,000 shares of the company's stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $205.30, for a total transaction of $615,900.00. Following the completion of the sale, the insider now directly owns 119,687 shares of the company's stock, valued at approximately $24,571,741.10. This represents a 2.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Srikant M. Datar sold 1,000 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $247.19, for a total transaction of $247,190.00. Following the completion of the sale, the director now directly owns 5,021 shares of the company's stock, valued at $1,241,140.99. This trade represents a 16.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 208,869 shares of company stock valued at $47,018,239. Corporate insiders own 0.67% of the company's stock.

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.