New York State Teachers Retirement System Decreases Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

New York State Teachers Retirement System decreased its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 6.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 403,812 shares of the Wireless communications provider's stock after selling 26,211 shares during the period. New York State Teachers Retirement System's holdings in T-Mobile US were worth $107,701,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Godsey & Gibb Inc. boosted its holdings in shares of T-Mobile US by 139.5% during the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock worth $27,000 after purchasing an additional 60 shares during the period. Rakuten Securities Inc. lifted its holdings in T-Mobile US by 93.9% in the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider's stock worth $28,000 after buying an additional 62 shares during the period. CoreFirst Bank & Trust bought a new stake in shares of T-Mobile US in the 4th quarter worth approximately $28,000. Adirondack Trust Co. grew its position in shares of T-Mobile US by 366.7% in the 1st quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock worth $37,000 after buying an additional 110 shares during the last quarter. Finally, City Holding Co. increased its stake in shares of T-Mobile US by 45.3% during the first quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock valued at $37,000 after buying an additional 43 shares during the period. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS traded up $3.25 during trading on Tuesday, hitting $241.51. 4,536,378 shares of the company's stock were exchanged, compared to its average volume of 4,094,131. The business's 50-day simple moving average is $239.70 and its 200 day simple moving average is $242.97. The company has a market cap of $274.22 billion, a price-to-earnings ratio of 23.56, a PEG ratio of 1.31 and a beta of 0.62. 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 current ratio of 1.16 and a quick ratio of 1.08.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings data 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. T-Mobile US had a return on equity of 19.09% and a net margin of 14.41%. The business had revenue of $20.89 billion for the quarter, compared to analysts' expectations of $20.67 billion. During the same period in the prior year, the firm earned $2.00 EPS. The company's revenue for the quarter was up 6.6% on a year-over-year basis. As a group, equities analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $3.52 dividend on an annualized basis and a yield of 1.46%. T-Mobile US's dividend payout ratio is currently 34.34%.

Insiders Place Their Bets

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction on Monday, June 30th. The stock was sold at an average price of $237.61, for a total transaction of $16,594,682.40. Following the sale, the director owned 647,940,204 shares of the company's stock, valued at approximately $153,957,071,872.44. This trade represents a 0.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders sold 558,720 shares of company stock worth $127,841,422. Insiders own 0.37% of the company's stock.

Analyst Upgrades and Downgrades

TMUS has been the topic of several recent analyst reports. UBS Group cut shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Friday, March 21st. HSBC lowered shares of T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 target price on the stock. in a research note on Wednesday, March 5th. JPMorgan Chase & Co. increased their price target on shares of T-Mobile US from $265.00 to $270.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 18th. Scotiabank upgraded shares of T-Mobile US from a "sector perform" rating to a "sector outperform" rating and raised their price objective for the stock from $275.00 to $277.50 in a report on Wednesday, April 30th. Finally, Citigroup cut T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 price objective on the stock. in a research report on Friday, March 14th. Eleven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus 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.