T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 10.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 583,529 shares of the Wireless communications provider's stock after selling 65,000 shares during the period. New York State Common Retirement Fund owned 0.05% of T-Mobile US worth $155,633,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Godsey & Gibb Inc. raised its holdings in shares of T-Mobile US by 139.5% during the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock worth $27,000 after acquiring an additional 60 shares during the period. CoreFirst Bank & Trust acquired a new stake in shares of T-Mobile US during the 4th quarter worth about $28,000. City Holding Co. increased its position in shares of T-Mobile US by 45.3% during the 1st quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock worth $37,000 after purchasing an additional 43 shares during the last quarter. Adirondack Trust Co. increased its position in shares of T-Mobile US by 366.7% during the 1st quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock worth $37,000 after purchasing an additional 110 shares during the last quarter. Finally, Pinney & Scofield Inc. acquired a new stake in shares of T-Mobile US during the 4th quarter worth about $39,000. Hedge funds and other institutional investors own 42.49% of the company's stock.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction on Friday, July 11th. The stock was sold at an average price of $227.55, for a total value of $15,892,092.00. Following the completion of the transaction, the director owned 647,381,484 shares in the company, valued at approximately $147,311,656,684.20. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold a total of 907,470 shares of company stock worth $209,055,386 in the last three months. 0.37% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

TMUS has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised their price objective on T-Mobile US from $265.00 to $270.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 18th. UBS Group downgraded T-Mobile US from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 21st. Arete Research raised T-Mobile US to a "strong-buy" rating in a research report on Tuesday, July 8th. Benchmark reaffirmed a "buy" rating and issued a $275.00 target price on shares of T-Mobile US in a research report on Thursday, March 27th. Finally, Bank of America began coverage on T-Mobile US in a research report on Monday, July 7th. They issued a "neutral" rating and a $255.00 target price for the company. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $252.61.

T-Mobile US Stock Up 0.2%

TMUS traded up $0.41 on Monday, reaching $228.17. The company's stock had a trading volume of 580,010 shares, compared to its average volume of 4,329,492. The stock has a 50 day moving average of $237.45 and a two-hundred day moving average of $243.82. The company has a quick ratio of 1.08, a current ratio of 1.16 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $259.07 billion, a price-to-earnings ratio of 22.26, a P/E/G ratio of 1.27 and a beta of 0.62. T-Mobile US, Inc. has a fifty-two week low of $173.74 and a fifty-two week high of $276.49.

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, beating the consensus estimate of $2.48 by $0.10. The business had revenue of $20.89 billion during the quarter, compared to the consensus estimate 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 was up 6.6% compared to the same quarter last year. During the same period in the prior year, the company earned $2.00 earnings per share. As a group, analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's dividend payout ratio (DPR) is presently 34.34%.

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.