Kentucky Retirement Systems Has $8.58 Million Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Kentucky Retirement Systems lowered its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 4.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,170 shares of the Wireless communications provider's stock after selling 1,506 shares during the quarter. Kentucky Retirement Systems' holdings in T-Mobile US were worth $8,580,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Tallon Kerry Patrick bought a new stake in T-Mobile US in the fourth quarter valued at about $2,138,000. Highview Capital Management LLC DE grew its position in shares of T-Mobile US by 1.2% during the 4th quarter. Highview Capital Management LLC DE now owns 16,253 shares of the Wireless communications provider's stock worth $3,588,000 after buying an additional 192 shares during the period. Kestra Investment Management LLC acquired a new stake in shares of T-Mobile US in the 4th quarter valued at approximately $50,000. Wealth Alliance boosted its stake in T-Mobile US by 3.2% during the 4th quarter. Wealth Alliance now owns 1,665 shares of the Wireless communications provider's stock worth $367,000 after acquiring an additional 52 shares during the last quarter. Finally, Compass Capital Corp MA ADV acquired a new position in T-Mobile US during the fourth quarter valued at approximately $328,000. Institutional investors own 42.49% of the company's stock.

T-Mobile US Stock Performance

Shares of NASDAQ TMUS traded up $2.93 during trading hours on Monday, reaching $224.45. 2,724,970 shares of the stock were exchanged, compared to its average volume of 4,330,882. The stock's fifty day simple moving average is $243.17 and its 200 day simple moving average is $243.06. The firm has a market capitalization of $254.84 billion, a price-to-earnings ratio of 21.91, a P/E/G ratio of 1.22 and a beta of 0.64. T-Mobile US, Inc. has a 52 week low of $173.74 and a 52 week high of $276.49. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.08 and a current ratio of 1.16.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share for the quarter, topping the consensus estimate of $2.48 by $0.10. T-Mobile US had a return on equity of 19.09% and a net margin of 14.41%. The firm had revenue of $20.89 billion for the quarter, compared to analysts' expectations of $20.67 billion. During the same quarter last year, the business earned $2.00 EPS. The company's quarterly revenue was up 6.6% compared to the same quarter last year. Sell-side analysts predict 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. Shareholders of record on Friday, August 29th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's dividend payout ratio is currently 34.34%.

Insiders Place Their Bets

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $221.67, for a total transaction of $15,481,432.80. Following the sale, the director now directly owns 648,429,084 shares of the company's stock, valued at approximately $143,737,275,050.28. This represents a 0.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 279,360 shares of company stock worth $63,022,219 in the last quarter. Corporate insiders own 0.37% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on TMUS shares. Benchmark reissued a "buy" rating and set a $275.00 price target on shares of T-Mobile US in a research report on Thursday, March 27th. Hsbc Global Res downgraded shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. JPMorgan Chase & Co. upped their price target on shares of T-Mobile US from $265.00 to $270.00 and gave the company an "overweight" rating in a report on Tuesday, March 18th. Royal Bank Of Canada upped their target price on shares of T-Mobile US from $245.00 to $260.00 and gave the stock a "sector perform" rating in a research note on Friday, March 21st. Finally, Wells Fargo & Company reissued an "equal weight" rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Eleven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, T-Mobile US currently has a consensus rating of "Moderate Buy" and a consensus price target of $257.68.

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.