NJ State Employees Deferred Compensation Plan Trims Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Key Points

• The NJ State Employees Deferred Compensation Plan reduced its T-Mobile US holdings by 10.9%, now owning 10,662 shares worth approximately $2.84 million.
• Several other institutional investors significantly increased their T-Mobile US stakes, with Godsey & Gibb Inc. increasing by 139.5% and Adirondack Trust Co. by 366.7% during the first quarter.
• T-Mobile US recently reported quarterly earnings of $2.84 EPS, surpassing analyst expectations, alongside a dividend of $0.88 scheduled for payout on September 11th.

NJ State Employees Deferred Compensation Plan cut its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 10.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,662 shares of the Wireless communications provider's stock after selling 1,300 shares during the quarter. NJ State Employees Deferred Compensation Plan's holdings in T-Mobile US were worth $2,844,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of TMUS. Godsey & Gibb Inc. raised its position in T-Mobile US by 139.5% during the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock valued at $27,000 after acquiring an additional 60 shares in the last quarter. TCTC Holdings LLC raised its position in T-Mobile US by 208.1% during the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock valued at $30,000 after acquiring an additional 77 shares in the last quarter. Adirondack Trust Co. raised its position in T-Mobile US by 366.7% during the first quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock valued at $37,000 after acquiring an additional 110 shares in the last quarter. City Holding Co. raised its position in 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 acquiring an additional 43 shares in the last quarter. Finally, Pinney & Scofield Inc. bought a new position in T-Mobile US during the fourth quarter valued at approximately $39,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Stock Performance

Shares of NASDAQ:TMUS traded down $2.84 during midday trading on Tuesday, reaching $238.17. 692,016 shares of the company traded hands, compared to its average volume of 4,336,743. T-Mobile US, Inc. has a 12 month low of $186.52 and a 12 month high of $276.49. The firm's fifty day moving average price is $234.85 and its two-hundred day moving average price is $245.89. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $268.04 billion, a price-to-earnings ratio of 22.59, a price-to-earnings-growth ratio of 1.30 and a beta of 0.62.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.69 by $0.15. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%. The business had revenue of $21.13 billion during the quarter, compared to analysts' expectations of $20.99 billion. During the same quarter last year, the business posted $2.49 EPS. The business's revenue was up 6.9% on a year-over-year basis. On average, equities 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 declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, August 29th. T-Mobile US's dividend payout ratio (DPR) is 33.21%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on TMUS shares. JPMorgan Chase & Co. lifted their price target on shares of T-Mobile US from $270.00 to $280.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Scotiabank raised shares of T-Mobile US from a "sector perform" rating to a "sector outperform" rating and lifted their price target for the company from $275.00 to $277.50 in a research report on Wednesday, April 30th. Redburn Atlantic raised shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price target on the stock in a research report on Monday, July 7th. Wall Street Zen lowered shares of T-Mobile US from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Finally, Morgan Stanley raised their price objective on shares of T-Mobile US from $265.00 to $285.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, T-Mobile US currently has a consensus rating of "Moderate Buy" and an average price target of $256.31.

Insider Activity

In related news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction on Monday, July 7th. The stock was sold at an average price of $238.08, for a total transaction of $16,627,507.20. Following the transaction, the director directly owned 647,660,844 shares in the company, valued at approximately $154,195,093,739.52. The trade was a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders sold 1,555,330 shares of company stock valued at $360,568,811. Company insiders own 0.37% of the company's stock.

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.