Kentucky Retirement Systems Cuts Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Kentucky Retirement Systems trimmed its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 12.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,140 shares of the Wireless communications provider’s stock after selling 4,715 shares during the period. Kentucky Retirement Systems’ holdings in T-Mobile US were worth $7,045,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. DT Investment Partners LLC lifted its holdings in shares of T-Mobile US by 65.3% during the 3rd 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 last quarter. MFA Wealth Advisors LLC increased its position 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 valued at $28,000 after buying an additional 77 shares in the last quarter. WASHINGTON TRUST Co raised its stake in T-Mobile US by 143.1% in the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 83 shares during the last quarter. Y.D. More Investments Ltd acquired a new stake in T-Mobile US in the second quarter worth about $27,000. Finally, Summit Securities Group LLC purchased a new stake in shares of T-Mobile US during the second quarter worth about $27,000. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at T-Mobile US

In other news, Director Raul Marcelo Claure sold 132,309 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $196.74, for a total transaction of $26,030,472.66. Following the sale, the director now owns 1,551,204 shares of the company’s stock, valued at approximately $305,183,874.96. This represents a 7.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO G Michael Sievert sold 20,000 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $237.73, for a total value of $4,754,600.00. Following the completion of the sale, the chief executive officer now directly owns 378,124 shares in the company, valued at $89,891,418.52. This represents a 5.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 464,924 shares of company stock worth $97,427,925 over the last three months. Insiders own 0.67% of the company’s stock.

T-Mobile US Price Performance

TMUS stock opened at $235.61 on Friday. T-Mobile US, Inc. has a 1 year low of $147.07 and a 1 year high of $242.43. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99. The firm has a market capitalization of $273.42 billion, a PE ratio of 26.87, a price-to-earnings-growth ratio of 1.23 and a beta of 0.50. The business has a 50 day simple moving average of $215.88 and a 200-day simple moving average of $192.44.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results 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. The company had revenue of $20.16 billion during the quarter, compared to analysts’ expectations of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.82 EPS. Equities research analysts anticipate that T-Mobile US, Inc. will post 9.36 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.49%. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. The ex-dividend date is Wednesday, November 27th. T-Mobile US’s dividend payout ratio is presently 29.65%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Raymond James cut shares of T-Mobile US from an “outperform” rating to a “market perform” rating in a research note on Friday, October 25th. Royal Bank of Canada lifted their price objective on shares of T-Mobile US from $232.00 to $255.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Wells Fargo & Company upped their target price on T-Mobile US from $230.00 to $240.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. UBS Group lifted their price target on T-Mobile US from $210.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, The Goldman Sachs Group raised their price objective on T-Mobile US from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $241.83.

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.