Teachers Retirement System of The State of Kentucky Lowers Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Teachers Retirement System of The State of Kentucky decreased its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 4.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,954 shares of the Wireless communications provider’s stock after selling 1,912 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in T-Mobile US were worth $7,174,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in TMUS. Venturi Wealth Management LLC raised its stake in T-Mobile US by 52.6% during the fourth quarter. Venturi Wealth Management LLC now owns 290 shares of the Wireless communications provider’s stock valued at $46,000 after buying an additional 100 shares during the last quarter. Trust Point Inc. purchased a new position in T-Mobile US during the fourth quarter valued at $1,112,000. Richard W. Paul & Associates LLC purchased a new position in T-Mobile US during the fourth quarter valued at $153,000. Ballentine Partners LLC raised its stake in T-Mobile US by 6.0% during the fourth quarter. Ballentine Partners LLC now owns 6,945 shares of the Wireless communications provider’s stock valued at $1,113,000 after buying an additional 394 shares during the last quarter. Finally, Advisory Alpha LLC purchased a new position in T-Mobile US during the fourth quarter valued at $200,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Performance

NASDAQ:TMUS traded up $1.69 during mid-day trading on Friday, hitting $188.76. 7,922,756 shares of the company traded hands, compared to its average volume of 4,072,309. The stock’s fifty day moving average price is $177.82 and its 200-day moving average price is $168.05. T-Mobile US, Inc. has a one year low of $131.47 and a one year high of $193.77. The company has a quick ratio of 0.86, a current ratio of 0.84 and a debt-to-equity ratio of 1.22. The firm has a market cap of $220.24 billion, a price-to-earnings ratio of 25.68, a price-to-earnings-growth ratio of 0.76 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.22. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The business had revenue of $19.77 billion during the quarter, compared to analyst estimates of $19.61 billion. During the same quarter in the previous year, the company posted $1.86 earnings per share. T-Mobile US’s revenue for the quarter was up 3.0% on a year-over-year basis. Research analysts anticipate that T-Mobile US, Inc. will post 9.05 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Friday, August 30th will be given a $0.65 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.60 annualized dividend and a dividend yield of 1.38%. T-Mobile US’s payout ratio is 35.37%.

Analyst Ratings Changes

TMUS has been the subject of several recent analyst reports. KeyCorp boosted their price target on T-Mobile US from $175.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. The Goldman Sachs Group initiated coverage on T-Mobile US in a research note on Monday, July 1st. They issued a “buy” rating and a $200.00 price target for the company. Deutsche Bank Aktiengesellschaft boosted their price target on T-Mobile US from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. StockNews.com upgraded T-Mobile US from a “hold” rating to a “buy” rating in a research note on Tuesday, July 30th. Finally, Scotiabank boosted their price target on T-Mobile US from $194.50 to $197.00 and gave the stock a “sector outperform” rating in a research note on Thursday. One analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have issued 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 a consensus target price of $196.75.

Insider Activity

In other news, CAO Dara Bazzano sold 4,300 shares of the business’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $179.78, for a total value of $773,054.00. Following the transaction, the chief accounting officer now directly owns 6,202 shares in the company, valued at $1,114,995.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CAO Dara Bazzano sold 4,300 shares of the business’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $179.78, for a total value of $773,054.00. Following the transaction, the chief accounting officer now directly owns 6,202 shares in the company, valued at $1,114,995.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Telekom Ag Deutsche sold 189,670 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $162.43, for a total value of $30,808,098.10. Following the completion of the sale, the director now owns 676,969,021 shares in the company, valued at $109,960,078,081.03. The disclosure for this sale can be found here. Insiders have sold 4,019,788 shares of company stock worth $685,706,726 over the last ninety days. Corporate insiders own 0.67% of the company’s stock.

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.