New York State Common Retirement Fund Cuts Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

New York State Common Retirement Fund cut its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 23.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 783,388 shares of the Wireless communications provider’s stock after selling 236,665 shares during the quarter. New York State Common Retirement Fund’s holdings in T-Mobile US were worth $125,601,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Financial Counselors Inc. purchased a new stake in T-Mobile US during the 3rd quarter valued at about $218,000. Caprock Group LLC boosted its stake in shares of T-Mobile US by 105.8% during the fourth quarter. Caprock Group LLC now owns 23,063 shares of the Wireless communications provider’s stock valued at $3,698,000 after purchasing an additional 11,854 shares during the period. Cerity Partners LLC grew its holdings in shares of T-Mobile US by 136.8% in the fourth quarter. Cerity Partners LLC now owns 62,967 shares of the Wireless communications provider’s stock worth $10,096,000 after purchasing an additional 36,374 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in shares of T-Mobile US by 11.5% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 237,481 shares of the Wireless communications provider’s stock worth $38,075,000 after buying an additional 24,412 shares during the period. Finally, STF Management LP increased its stake in shares of T-Mobile US by 150.7% in the third quarter. STF Management LP now owns 19,321 shares of the Wireless communications provider’s stock worth $2,706,000 after buying an additional 11,614 shares during the period. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Callie R. Field sold 5,844 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $168.44, for a total transaction of $984,363.36. Following the completion of the transaction, the insider now directly owns 102,555 shares of the company’s stock, valued at $17,274,364.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Teresa Taylor sold 12,022 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $161.80, for a total value of $1,945,159.60. Following the transaction, the director now owns 13,014 shares of the company’s stock, valued at $2,105,665.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Callie R. Field sold 5,844 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $168.44, for a total transaction of $984,363.36. Following the sale, the insider now directly owns 102,555 shares of the company’s stock, valued at $17,274,364.20. The disclosure for this sale can be found here. Insiders have sold a total of 5,811,459 shares of company stock valued at $942,634,782 in the last 90 days. 0.70% of the stock is currently owned by insiders.

T-Mobile US Stock Up 0.7 %

NASDAQ:TMUS traded up $1.19 during mid-day trading on Tuesday, hitting $163.55. 1,121,139 shares of the company’s stock were exchanged, compared to its average volume of 4,463,179. The business has a fifty day moving average price of $162.30 and a 200 day moving average price of $156.54. The company has a market cap of $194.11 billion, a PE ratio of 23.43, a P/E/G ratio of 0.66 and a beta of 0.49. T-Mobile US, Inc. has a one year low of $124.92 and a one year high of $168.64. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.91 and a quick ratio of 0.83.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Thursday, January 25th. The Wireless communications provider reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.90 by ($0.23). T-Mobile US had a return on equity of 12.69% and a net margin of 10.59%. The firm had revenue of $20.48 billion during the quarter, compared to analysts’ expectations of $19.67 billion. During the same period last year, the firm posted $1.18 earnings per share. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. Equities analysts predict that T-Mobile US, Inc. will post 8.95 EPS for the current year.

T-Mobile US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 1.59%. The ex-dividend date is Friday, May 31st. T-Mobile US’s dividend payout ratio is currently 37.52%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on TMUS shares. Wells Fargo & Company increased their price target on shares of T-Mobile US from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Monday, January 22nd. Tigress Financial raised their target price on T-Mobile US from $204.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Oppenheimer reaffirmed an “outperform” rating and set a $190.00 price target on shares of T-Mobile US in a research report on Wednesday, April 3rd. Royal Bank of Canada reiterated an “outperform” rating and issued a $184.00 price objective on shares of T-Mobile US in a research report on Wednesday, March 20th. Finally, Citigroup boosted their target price on T-Mobile US from $176.00 to $184.00 and gave the company a “buy” rating in a research note on Monday, March 25th. One equities research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $185.93.

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.