Louisiana State Employees Retirement System Makes New Investment in T-Mobile US, Inc. $TMUS

Louisiana State Employees Retirement System acquired a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUSFree Report) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 96,500 shares of the Wireless communications provider’s stock, valued at approximately $20,268,000.

A number of other large investors have also made changes to their positions in TMUS. JDM Financial Group LLC increased its stake in T-Mobile US by 114.0% during the fourth quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 65 shares during the period. Swiss RE Ltd. bought a new stake in shares of T-Mobile US in the 4th quarter worth approximately $29,000. Turning Point Benefit Group Inc. lifted its position in shares of T-Mobile US by 3,825.0% in the 4th quarter. Turning Point Benefit Group Inc. now owns 157 shares of the Wireless communications provider’s stock worth $32,000 after acquiring an additional 153 shares during the period. Acumen Wealth Advisors LLC acquired a new stake in shares of T-Mobile US during the 4th quarter worth approximately $36,000. Finally, United Community Bank grew its holdings in shares of T-Mobile US by 78.8% during the 4th quarter. United Community Bank now owns 186 shares of the Wireless communications provider’s stock worth $38,000 after purchasing an additional 82 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

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T-Mobile US Stock Up 0.4%

TMUS opened at $181.57 on Friday. The firm has a market cap of $196.50 billion, a price-to-earnings ratio of 19.32, a PEG ratio of 1.05 and a beta of 0.31. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.97 and a current ratio of 1.09. The firm’s 50-day simple moving average is $188.39 and its 200-day simple moving average is $198.04. T-Mobile US, Inc. has a twelve month low of $174.02 and a twelve month high of $261.56.

T-Mobile US (NASDAQ:TMUSGet Free Report) last released its quarterly earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 EPS for the quarter, beating analysts’ consensus estimates of $2.01 by $0.26. The firm had revenue of $23.11 billion for the quarter, compared to analyst estimates of $22.98 billion. T-Mobile US had a net margin of 11.65% and a return on equity of 19.47%. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.58 earnings per share. Equities research analysts anticipate that T-Mobile US, Inc. will post 10.65 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $4.08 dividend on an annualized basis and a yield of 2.2%. T-Mobile US’s dividend payout ratio is currently 43.40%.

Analysts Set New Price Targets

TMUS has been the subject of a number of recent research reports. Morgan Stanley initiated coverage on T-Mobile US in a research note on Thursday, April 16th. They issued an “overweight” rating and a $260.00 target price for the company. UBS Group decreased their price target on shares of T-Mobile US from $300.00 to $255.00 and set a “buy” rating on the stock in a research note on Monday. Oppenheimer raised shares of T-Mobile US from a “market perform” rating to an “outperform” rating and set a $260.00 price target on the stock in a report on Wednesday, April 29th. Arete Research increased their price objective on shares of T-Mobile US from $295.00 to $300.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Finally, Sanford C. Bernstein reaffirmed a “neutral” rating on shares of T-Mobile US in a report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, T-Mobile US presently has a consensus rating of “Moderate Buy” and a consensus price target of $260.27.

View Our Latest Analysis on TMUS

Insider Buying and Selling at T-Mobile US

In other news, COO Jon Freier sold 4,799 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $190.00, for a total value of $911,810.00. Following the transaction, the chief operating officer owned 217,168 shares of the company’s stock, valued at approximately $41,261,920. This trade represents a 2.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael J. Katz sold 5,000 shares of T-Mobile US stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $195.81, for a total transaction of $979,050.00. Following the sale, the insider owned 181,930 shares of the company’s stock, valued at approximately $35,623,713.30. This represents a 2.67% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.32% of the company’s stock.

T-Mobile US Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for T-Mobile US (NASDAQ:TMUS)

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