New York State Teachers Retirement System Reduces Holdings in T-Mobile US, Inc. $TMUS

New York State Teachers Retirement System lowered its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 0.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 401,420 shares of the Wireless communications provider’s stock after selling 3,193 shares during the period. New York State Teachers Retirement System’s holdings in T-Mobile US were worth $96,092,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TMUS. Howard Hughes Medical Institute purchased a new position in shares of T-Mobile US in the 2nd quarter worth about $25,000. Elevation Wealth Partners LLC lifted its holdings in shares of T-Mobile US by 190.0% in the 3rd quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 76 shares during the last quarter. Missouri Trust & Investment Co boosted its stake in shares of T-Mobile US by 807.7% in the 2nd quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 105 shares in the last quarter. Aspect Partners LLC raised its position in T-Mobile US by 112.1% in the 2nd quarter. Aspect Partners LLC now owns 123 shares of the Wireless communications provider’s stock worth $29,000 after purchasing an additional 65 shares during the period. Finally, CoreFirst Bank & Trust bought a new stake in T-Mobile US in the second quarter worth $31,000. 42.49% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Michael J. Katz sold 2,500 shares of the company’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $215.91, for a total transaction of $539,775.00. Following the transaction, the insider directly owned 156,203 shares of the company’s stock, valued at $33,725,789.73. This represents a 1.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Telekom Ag Deutsche sold 1,374 shares of the business’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $220.46, for a total value of $302,912.04. Following the completion of the transaction, the director directly owned 582,065,875 shares of the company’s stock, valued at approximately $128,322,242,802.50. This trade represents a 0.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 528,471 shares of company stock valued at $118,633,941. Company insiders own 0.37% of the company’s stock.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $200.56 on Friday. T-Mobile US, Inc. has a 1 year low of $194.01 and a 1 year high of $276.49. The stock has a market capitalization of $224.33 billion, a P/E ratio of 19.28, a P/E/G ratio of 1.17 and a beta of 0.45. The company’s 50-day moving average is $204.11 and its 200 day moving average is $225.81. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.89 and a quick ratio of 0.80.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.40 by $0.01. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The firm had revenue of $21.96 billion for the quarter, compared to the consensus estimate of $21.61 billion. During the same period in the prior year, the firm earned $2.61 EPS. The company’s revenue was up 8.9% compared to the same quarter last year. On average, sell-side analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 27th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Friday, February 27th. T-Mobile US’s dividend payout ratio is currently 39.23%.

Analyst Ratings Changes

TMUS has been the subject of several analyst reports. Williams Trading set a $263.00 target price on T-Mobile US in a report on Friday, October 24th. Zacks Research raised shares of T-Mobile US from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 26th. HSBC raised shares of T-Mobile US from a “hold” rating to a “buy” rating and set a $285.00 price target for the company in a research report on Friday, October 24th. Sanford C. Bernstein restated a “neutral” rating on shares of T-Mobile US in a research report on Monday, December 22nd. Finally, TD Cowen lowered their price objective on shares of T-Mobile US from $291.00 to $263.00 and set a “buy” rating for the company in a research note on Friday, October 24th. Three analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $260.17.

T-Mobile US 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.