Kentucky Retirement Systems Insurance Trust Fund Makes New Investment in T-Mobile US, Inc. (NASDAQ:TMUS)

Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,702 shares of the Wireless communications provider's stock, valued at approximately $3,654,000.

Several other hedge funds have also recently bought and sold shares of the stock. Geode Capital Management LLC raised its stake in T-Mobile US by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 11,857,917 shares of the Wireless communications provider's stock worth $2,610,542,000 after acquiring an additional 90,755 shares in the last quarter. Invesco Ltd. increased its stake in shares of T-Mobile US by 4.6% in the fourth quarter. Invesco Ltd. now owns 8,809,417 shares of the Wireless communications provider's stock valued at $1,944,503,000 after buying an additional 384,956 shares in the last quarter. Norges Bank bought a new position in shares of T-Mobile US in the fourth quarter valued at about $1,802,393,000. Capital International Investors raised its holdings in shares of T-Mobile US by 36.2% in the fourth quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider's stock valued at $1,440,424,000 after buying an additional 1,734,998 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its holdings in shares of T-Mobile US by 85.5% in the fourth quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider's stock valued at $1,329,919,000 after buying an additional 2,777,657 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $230.16, for a total transaction of $16,074,374.40. Following the transaction, the director now owns 588,274,099 shares in the company, valued at $135,397,166,625.84. The trade was a 0.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold 279,360 shares of company stock worth $63,022,219 in the last 90 days. Corporate insiders own 0.37% of the company's stock.

T-Mobile US Price Performance

T-Mobile US stock opened at $221.52 on Friday. The firm has a market capitalization of $251.52 billion, a P/E ratio of 21.61, a PEG ratio of 1.22 and a beta of 0.64. T-Mobile US, Inc. has a 1 year low of $173.74 and a 1 year high of $276.49. The business has a 50-day moving average of $243.17 and a 200-day moving average of $243.07. The company has a current ratio of 1.16, a quick ratio of 1.08 and a debt-to-equity ratio of 1.35.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.10. The company had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.67 billion. T-Mobile US had a return on equity of 19.09% and a net margin of 14.41%. The company's revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the previous year, the company earned $2.00 EPS. On average, equities analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's dividend payout ratio (DPR) is presently 34.34%.

Analyst Upgrades and Downgrades

TMUS has been the subject of a number of research analyst reports. Royal Bank Of Canada lifted their price target on T-Mobile US from $245.00 to $260.00 and gave the company a "sector perform" rating in a report on Friday, March 21st. Tigress Financial lifted their price target on T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. Benchmark reaffirmed a "buy" rating and issued a $275.00 price target on shares of T-Mobile US in a report on Thursday, March 27th. UBS Group cut T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Friday, March 21st. Finally, Hsbc Global Res cut T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. Eleven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $257.68.

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.

Want to see what other hedge funds are holding TMUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for T-Mobile US, Inc. (NASDAQ:TMUS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.