Illinois Municipal Retirement Fund Reduces Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Illinois Municipal Retirement Fund lowered its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 7.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 123,300 shares of the Wireless communications provider’s stock after selling 10,565 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in T-Mobile US were worth $21,723,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. WASHINGTON TRUST Co raised its stake in shares of T-Mobile US by 143.1% during the 2nd quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 83 shares during the period. Private Wealth Management Group LLC purchased a new stake in shares of T-Mobile US in the fourth quarter worth about $27,000. Summit Securities Group LLC bought a new position in shares of T-Mobile US in the second quarter valued at approximately $27,000. Westside Investment Management Inc. grew its stake in T-Mobile US by 75.8% during the first quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 75 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in T-Mobile US during the 2nd quarter worth approximately $30,000. 42.49% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Deeanne King sold 15,437 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $190.00, for a total transaction of $2,933,030.00. Following the completion of the sale, the executive vice president now directly owns 35,588 shares in the company, valued at $6,761,720. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, EVP Deeanne King sold 15,437 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $190.00, for a total transaction of $2,933,030.00. Following the transaction, the executive vice president now directly owns 35,588 shares of the company’s stock, valued at $6,761,720. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Raul Marcelo Claure sold 2,706 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $200.11, for a total value of $541,497.66. Following the completion of the sale, the director now directly owns 1,826,204 shares of the company’s stock, valued at approximately $365,441,682.44. The disclosure for this sale can be found here. Insiders have sold a total of 1,336,950 shares of company stock valued at $239,882,745 in the last quarter. Insiders own 0.67% of the company’s stock.

T-Mobile US Trading Down 2.1 %

Shares of NASDAQ TMUS traded down $4.18 during midday trading on Friday, reaching $193.00. The company had a trading volume of 5,337,108 shares, compared to its average volume of 4,626,616. The stock has a market cap of $226.17 billion, a PE ratio of 26.26, a price-to-earnings-growth ratio of 0.74 and a beta of 0.51. T-Mobile US, Inc. has a one year low of $134.50 and a one year high of $205.28. The firm’s fifty day moving average price is $188.14 and its 200-day moving average price is $173.93. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.22.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.22. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The firm had revenue of $19.77 billion during the quarter, compared to the consensus estimate of $19.61 billion. During the same quarter in the previous year, the company posted $1.86 earnings per share. The business’s revenue was up 3.0% on a year-over-year basis. On average, equities research analysts anticipate that T-Mobile US, Inc. will post 9.18 earnings per share for the current year.

T-Mobile US Dividend Announcement

The company also recently declared 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. This represents a $2.60 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date is Friday, August 30th. T-Mobile US’s dividend payout ratio (DPR) is presently 35.37%.

Analysts Set New Price Targets

A number of research firms have recently commented on TMUS. StockNews.com upgraded shares of T-Mobile US from a “hold” rating to a “buy” rating in a research report on Tuesday, July 30th. Sanford C. Bernstein upgraded T-Mobile US to a “strong-buy” rating in a research note on Wednesday, July 31st. Citigroup raised their price target on T-Mobile US from $184.00 to $210.00 and gave the company a “buy” rating in a report on Friday, July 19th. Bank of America boosted their price objective on T-Mobile US from $175.00 to $195.00 and gave the stock a “buy” rating in a report on Monday, June 10th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of T-Mobile US from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. One investment analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $198.63.

About T-Mobile US

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.