T-Mobile US, Inc. (NASDAQ:TMUS) Stake Reduced by Kentucky Retirement Systems

Kentucky Retirement Systems trimmed its stake in T-Mobile US, Inc. (NASDAQ:TMUSFree Report) by 1.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 33,676 shares of the Wireless communications provider’s stock after selling 464 shares during the quarter. Kentucky Retirement Systems’ holdings in T-Mobile US were worth $7,433,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Barclays PLC lifted its position in 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 purchasing an additional 876,182 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of T-Mobile US by 21,580.9% during the third quarter. International Assets Investment Management LLC now owns 249,981 shares of the Wireless communications provider’s stock valued at $51,586,000 after buying an additional 248,828 shares during the last quarter. Gladstone Institutional Advisory LLC acquired a new position in shares of T-Mobile US during the fourth quarter worth approximately $1,552,000. Trust Co. of Vermont grew its holdings in 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 worth $5,954,000 after buying an additional 2,865 shares in the last quarter. Finally, Swedbank AB increased its position in 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. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Activity

In other T-Mobile US news, Director Andre Almeida bought 3,808 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were bought at an average price 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 approximately $897,621.76. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Srikant M. Datar sold 1,000 shares of the 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 directly owns 4,021 shares of the company’s stock, valued at $989,166. This trade represents a 19.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,100 shares of company stock worth $747,378 over the last quarter. Corporate insiders own 0.67% of the company’s stock.

T-Mobile US Trading Up 0.8 %

Shares of TMUS opened at $265.40 on Friday. The business’s 50-day moving average price is $230.32 and its 200 day moving average price is $220.66. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. The stock has a market capitalization of $303.02 billion, a P/E ratio of 27.45, a P/E/G ratio of 1.53 and a beta of 0.56. T-Mobile US, Inc. has a 1-year low of $158.84 and a 1-year high of $271.41.

T-Mobile US (NASDAQ:TMUSGet Free Report) last released its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. Analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Announces Dividend

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

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Morgan Stanley assumed coverage on T-Mobile US in a research report on Monday, December 16th. They set an “overweight” rating and a $280.00 price target for the company. Royal Bank of Canada upped their price objective on shares of T-Mobile US from $240.00 to $245.00 and gave the stock a “sector perform” rating in a report on Thursday, January 30th. Evercore ISI raised shares of T-Mobile US to a “strong-buy” rating in a research note on Thursday, January 23rd. KeyCorp lowered shares of T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 price target for the company. in a research note on Thursday, December 12th. Finally, Oppenheimer increased their price objective on shares of T-Mobile US from $250.00 to $275.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, T-Mobile US presently has an average rating of “Moderate Buy” and an average price target of $251.79.

Check Out Our Latest Stock Report on T-Mobile US

T-Mobile US Company Profile

(Free Report)

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.

Further Reading

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

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