Employees Retirement System of Texas Sells 35,927 Shares of T-Mobile US, Inc. $TMUS

Employees Retirement System of Texas lessened its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 10.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 304,336 shares of the Wireless communications provider’s stock after selling 35,927 shares during the quarter. Employees Retirement System of Texas’ holdings in T-Mobile US were worth $72,852,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TMUS. Midwest Trust Co acquired a new position in T-Mobile US in the second quarter valued at $285,000. Allworth Financial LP boosted its position in T-Mobile US by 14.2% during the second quarter. Allworth Financial LP now owns 6,530 shares of the Wireless communications provider’s stock valued at $1,556,000 after acquiring an additional 810 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in T-Mobile US by 76.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 278,602 shares of the Wireless communications provider’s stock worth $66,380,000 after acquiring an additional 120,960 shares during the period. Bailard Inc. raised its position in shares of T-Mobile US by 6.2% in the 2nd quarter. Bailard Inc. now owns 2,406 shares of the Wireless communications provider’s stock worth $573,000 after acquiring an additional 140 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey raised its position in shares of T-Mobile US by 0.6% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 68,969 shares of the Wireless communications provider’s stock worth $16,433,000 after acquiring an additional 407 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Transactions at T-Mobile US

In related news, Director Srikant M. Datar sold 3,291 shares of the stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $221.10, for a total value of $727,640.10. Following the transaction, the director directly owned 1,038 shares in the company, valued at $229,501.80. This trade represents a 76.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Mark Wolfe Nelson sold 2,329 shares of T-Mobile US stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $222.38, for a total transaction of $517,923.02. Following the completion of the sale, the insider directly owned 65,677 shares of the company’s stock, valued at approximately $14,605,251.26. The trade was a 3.42% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 694,134 shares of company stock valued at $150,847,799. Company insiders own 0.37% of the company’s stock.

Analyst Upgrades and Downgrades

TMUS has been the topic of several research analyst reports. TD Cowen cut their target price on T-Mobile US from $263.00 to $252.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. Royal Bank Of Canada lowered their target price on T-Mobile US from $270.00 to $255.00 and set an “outperform” rating for the company in a report on Friday, January 16th. Daiwa Securities Group raised T-Mobile US from a “neutral” rating to an “outperform” rating and set a $240.00 price target on the stock in a research note on Thursday, February 19th. Barclays increased their price target on T-Mobile US from $240.00 to $245.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. Finally, BNP Paribas Exane reduced their price objective on shares of T-Mobile US from $300.00 to $275.00 and set an “outperform” rating for the company in a research report on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, T-Mobile US currently has a consensus rating of “Moderate Buy” and an average price target of $257.09.

T-Mobile US Stock Performance

Shares of TMUS opened at $214.37 on Friday. T-Mobile US, Inc. has a one year low of $181.36 and a one year high of $272.60. The company has a market cap of $236.21 billion, a PE ratio of 22.08, a P/E/G ratio of 1.38 and a beta of 0.43. The stock has a 50-day moving average of $203.80 and a 200-day moving average of $215.00. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.00 and a quick ratio of 0.90.

T-Mobile US Company Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.