New York State Teachers Retirement System Cuts Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

New York State Teachers Retirement System lessened its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 3.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 430,023 shares of the Wireless communications provider’s stock after selling 13,433 shares during the period. New York State Teachers Retirement System’s holdings in T-Mobile US were worth $94,919,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Barclays PLC raised its stake in shares of T-Mobile US by 38.3% in the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock valued at $653,160,000 after acquiring an additional 876,182 shares during the period. International Assets Investment Management LLC raised its stake in shares of T-Mobile US by 21,580.9% in the 3rd quarter. International Assets Investment Management LLC now owns 249,981 shares of the Wireless communications provider’s stock valued at $51,586,000 after acquiring an additional 248,828 shares during the period. Trust Co. of Vermont raised its stake in shares of T-Mobile US by 11.9% in the 4th quarter. Trust Co. of Vermont now owns 26,972 shares of the Wireless communications provider’s stock valued at $5,954,000 after acquiring an additional 2,865 shares during the period. Swedbank AB raised its stake in shares of T-Mobile US by 5.1% in the 3rd quarter. Swedbank AB now owns 255,044 shares of the Wireless communications provider’s stock valued at $52,631,000 after acquiring an additional 12,411 shares during the period. Finally, Rice Partnership LLC purchased a new stake in T-Mobile US during the 4th quarter worth $7,678,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Trading Up 3.8 %

T-Mobile US stock opened at $265.08 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. The firm has a 50-day moving average price of $226.70 and a two-hundred day moving average price of $217.39. The firm has a market capitalization of $302.65 billion, a price-to-earnings ratio of 27.41, a PEG ratio of 1.44 and a beta of 0.56. T-Mobile US, Inc. has a 52-week low of $158.84 and a 52-week high of $266.00.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Announces Dividend

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

Insiders Place Their Bets

In other T-Mobile US news, Director Andre Almeida bought 3,808 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were acquired at an average cost of $235.72 per share, for a total transaction of $897,621.76. Following the acquisition, the director now directly owns 3,808 shares of the company’s stock, valued at $897,621.76. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Srikant M. Datar sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $246.00, for a total transaction of $246,000.00. Following the completion of the sale, the director now owns 4,021 shares in the company, valued at $989,166. The trade was a 19.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,100 shares of company stock worth $747,378. 0.67% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

TMUS has been the topic of several analyst reports. Raymond James downgraded shares of T-Mobile US from an “outperform” rating to a “market perform” rating in a research note on Friday, October 25th. Daiwa America raised shares of T-Mobile US to a “hold” rating in a research note on Friday, October 25th. BNP Paribas raised shares of T-Mobile US to a “strong-buy” rating in a research note on Friday, October 25th. TD Cowen lifted their price target on shares of T-Mobile US from $216.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, Sanford C. Bernstein initiated coverage on shares of T-Mobile US in a research note on Tuesday, December 10th. They set a “market perform” rating and a $265.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, T-Mobile US presently has an average rating of “Moderate Buy” and an average target price 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.