Illinois Municipal Retirement Fund Grows Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Illinois Municipal Retirement Fund lifted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 3.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 131,416 shares of the Wireless communications provider’s stock after purchasing an additional 4,280 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in T-Mobile US were worth $21,070,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Valley National Advisers Inc. grew its stake in T-Mobile US by 232.1% during the fourth quarter. Valley National Advisers Inc. now owns 176 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 123 shares during the period. BluePath Capital Management LLC purchased a new stake in T-Mobile US during the 3rd quarter worth $26,000. Baker Avenue Asset Management LP increased its holdings in T-Mobile US by 63.3% in the 3rd quarter. Baker Avenue Asset Management LP now owns 209 shares of the Wireless communications provider’s stock valued at $29,000 after purchasing an additional 81 shares in the last quarter. Bay Harbor Wealth Management LLC purchased a new position in T-Mobile US in the fourth quarter valued at about $34,000. Finally, Raleigh Capital Management Inc. lifted its stake in shares of T-Mobile US by 54.5% during the third quarter. Raleigh Capital Management Inc. now owns 255 shares of the Wireless communications provider’s stock worth $36,000 after purchasing an additional 90 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Stock Performance

Shares of TMUS traded up $0.03 during mid-day trading on Monday, hitting $162.36. The stock had a trading volume of 3,699,774 shares, compared to its average volume of 4,507,347. T-Mobile US, Inc. has a fifty-two week low of $124.92 and a fifty-two week high of $168.64. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.18. The company has a market cap of $192.70 billion, a PE ratio of 23.43, a PEG ratio of 0.66 and a beta of 0.49. The company’s fifty day simple moving average is $162.30 and its two-hundred day simple moving average is $156.54.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Thursday, January 25th. The Wireless communications provider reported $1.67 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $20.48 billion during the quarter, compared to analyst estimates of $19.67 billion. During the same period in the prior year, the firm earned $1.18 EPS. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. On average, equities analysts expect that T-Mobile US, Inc. will post 8.95 earnings per share for the current year.

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Friday, May 31st will be given a $0.65 dividend. The ex-dividend date is Friday, May 31st. This represents a $2.60 annualized dividend and a dividend yield of 1.60%. T-Mobile US’s dividend payout ratio (DPR) is presently 37.52%.

Insiders Place Their Bets

In related news, insider Michael J. Katz sold 6,655 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $161.23, for a total value of $1,072,985.65. Following the completion of the sale, the insider now directly owns 126,616 shares of the company’s stock, valued at approximately $20,414,297.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other T-Mobile US news, insider Michael J. Katz sold 6,655 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $161.23, for a total value of $1,072,985.65. Following the completion of the sale, the insider now owns 126,616 shares in the company, valued at approximately $20,414,297.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO G Michael Sievert sold 40,000 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $161.05, for a total value of $6,442,000.00. Following the completion of the transaction, the chief executive officer now owns 496,036 shares of the company’s stock, valued at $79,886,597.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,811,459 shares of company stock worth $942,634,782. Corporate insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on TMUS shares. Oppenheimer reiterated an “outperform” rating and set a $190.00 target price on shares of T-Mobile US in a report on Wednesday, April 3rd. Wells Fargo & Company boosted their target price on shares of T-Mobile US from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Monday, January 22nd. Tigress Financial raised their price target on shares of T-Mobile US from $204.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Royal Bank of Canada reiterated an “outperform” rating and issued a $184.00 price objective on shares of T-Mobile US in a report on Wednesday, March 20th. Finally, Benchmark restated a “buy” rating and set a $200.00 target price on shares of T-Mobile US in a research note on Friday, January 26th. One analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, T-Mobile US presently has a consensus rating of “Buy” and an average target price of $185.93.

T-Mobile US 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.