State of New Jersey Common Pension Fund D Reduces Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

State of New Jersey Common Pension Fund D trimmed its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 1.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 195,793 shares of the Wireless communications provider's stock after selling 3,003 shares during the period. State of New Jersey Common Pension Fund D's holdings in T-Mobile US were worth $43,217,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of TMUS. DT Investment Partners LLC increased its holdings in T-Mobile US by 65.3% in the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider's stock valued at $25,000 after purchasing an additional 47 shares during the period. Dunhill Financial LLC grew its holdings in T-Mobile US by 76.7% during the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider's stock worth $27,000 after acquiring an additional 56 shares during the period. MFA Wealth Advisors LLC grew its holdings in T-Mobile US by 128.3% during the 3rd quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider's stock worth $28,000 after acquiring an additional 77 shares during the period. Financial Life Planners acquired a new stake in T-Mobile US during the 4th quarter worth about $29,000. Finally, Legacy Investment Solutions LLC acquired a new stake in T-Mobile US during the 3rd quarter worth about $34,000. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Stock Performance

Shares of T-Mobile US stock traded up $2.05 during mid-day trading on Thursday, hitting $265.40. 2,794,675 shares of the stock were exchanged, compared to its average volume of 3,833,108. T-Mobile US, Inc. has a 12 month low of $158.84 and a 12 month high of $271.41. The company has a 50-day simple moving average of $229.68 and a 200 day simple moving average of $220.35. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. The company has a market capitalization of $303.02 billion, a P/E ratio of 27.45, a P/E/G ratio of 1.53 and a beta of 0.56.

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

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be paid a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 annualized dividend and a dividend yield of 1.33%. T-Mobile US's payout ratio is currently 36.40%.

Insider Transactions at T-Mobile US

In related news, Director Andre Almeida purchased 3,808 shares of the firm's stock in a transaction dated Monday, December 9th. The stock was bought at an average price of $235.72 per share, for a total transaction of $897,621.76. Following the purchase, the director now directly owns 3,808 shares in the company, valued at approximately $897,621.76. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Letitia A. Long sold 1,100 shares of T-Mobile US stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $231.08, for a total transaction of $254,188.00. Following the completion of the transaction, the director now owns 5,653 shares of the company's stock, valued at $1,306,295.24. This represents a 16.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,100 shares of company stock worth $747,378 in the last quarter. Insiders own 0.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TMUS. Morgan Stanley began coverage on T-Mobile US in a report on Monday, December 16th. They set an "overweight" rating and a $280.00 price target for the company. Raymond James downgraded T-Mobile US from an "outperform" rating to a "market perform" rating in a report on Friday, October 25th. Sanford C. Bernstein started coverage on shares of T-Mobile US in a research report on Tuesday, December 10th. They set a "market perform" rating and a $265.00 price objective on the stock. Oppenheimer increased their price objective on shares of T-Mobile US from $250.00 to $275.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Finally, Royal Bank of Canada increased their price objective on shares of 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. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $251.79.

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.