Public Employees Retirement Association of Colorado Sells 6,492 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Public Employees Retirement Association of Colorado cut its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 8.0% during the 1st quarter, Holdings Channel.com reports. The firm owned 74,512 shares of the Wireless communications provider’s stock after selling 6,492 shares during the period. Public Employees Retirement Association of Colorado’s holdings in T-Mobile US were worth $12,162,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of TMUS. Vanguard Group Inc. grew its position in T-Mobile US by 3.8% during the first quarter. Vanguard Group Inc. now owns 45,042,339 shares of the Wireless communications provider’s stock valued at $7,351,811,000 after acquiring an additional 1,667,778 shares during the last quarter. Norges Bank purchased a new stake in shares of T-Mobile US in the 4th quarter valued at $3,338,708,000. Wellington Management Group LLP grew its holdings in shares of T-Mobile US by 200.0% during the 4th quarter. Wellington Management Group LLP now owns 6,362,601 shares of the Wireless communications provider’s stock valued at $1,020,116,000 after purchasing an additional 4,241,877 shares during the last quarter. Dimensional Fund Advisors LP raised its position in T-Mobile US by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,258,386 shares of the Wireless communications provider’s stock worth $682,699,000 after purchasing an additional 23,800 shares during the period. Finally, Putnam Investments LLC lifted its stake in T-Mobile US by 74.6% in the fourth quarter. Putnam Investments LLC now owns 3,939,221 shares of the Wireless communications provider’s stock worth $631,575,000 after purchasing an additional 1,682,743 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 227,604 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $172.65, for a total value of $39,295,830.60. Following the completion of the transaction, the director now owns 673,251,489 shares of the company’s stock, valued at approximately $116,236,869,575.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CAO Dara Bazzano sold 4,300 shares of T-Mobile US stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $179.78, for a total transaction of $773,054.00. Following the completion of the transaction, the chief accounting officer now directly owns 6,202 shares of the company’s stock, valued at approximately $1,114,995.56. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Telekom Ag Deutsche sold 227,604 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $172.65, for a total transaction of $39,295,830.60. Following the sale, the director now directly owns 673,251,489 shares in the company, valued at approximately $116,236,869,575.85. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,389,128 shares of company stock valued at $746,536,027. 0.67% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently commented on TMUS. Citigroup lifted their price objective on T-Mobile US from $184.00 to $210.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Deutsche Bank Aktiengesellschaft lifted their price target on T-Mobile US from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Bank of America increased their price objective on T-Mobile US from $175.00 to $195.00 and gave the company a “buy” rating in a research note on Monday, June 10th. Oppenheimer reaffirmed an “outperform” rating and issued a $190.00 target price on shares of T-Mobile US in a research note on Wednesday, April 3rd. Finally, StockNews.com lowered shares of T-Mobile US from a “buy” rating to a “hold” rating in a report on Tuesday, July 16th. One research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $194.07.

T-Mobile US Trading Up 0.8 %

NASDAQ:TMUS opened at $176.87 on Tuesday. The company has a 50-day moving average price of $176.36 and a 200-day moving average price of $167.50. The stock has a market cap of $207.27 billion, a price-to-earnings ratio of 24.06, a P/E/G ratio of 0.72 and a beta of 0.51. The company has a current ratio of 0.94, a quick ratio of 0.86 and a debt-to-equity ratio of 1.25. T-Mobile US, Inc. has a 12 month low of $131.47 and a 12 month high of $185.42.

T-Mobile US Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Friday, August 30th will be issued a $0.65 dividend. The ex-dividend date is Friday, August 30th. This represents a $2.60 annualized dividend and a yield of 1.47%. T-Mobile US’s dividend payout ratio (DPR) is presently 35.37%.

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.