Public Employees Retirement System of Ohio Reduces Holdings in T-Mobile US, Inc. $TMUS

Key Points

• The Public Employees Retirement System of Ohio reduced its holdings in T-Mobile US, Inc. by 2.0% during the 2nd quarter, now owning 189,883 shares valued at approximately $45.24 million.
• T-Mobile US recently announced an increase in its quarterly dividend from $0.88 to $1.02 per share, reflecting a 1.7% yield and suggesting a strong financial position.
• Analyst sentiment on T-Mobile US is mixed, with three analysts rating it a strong buy and another one listing it as a sell, indicating diverse opinions on the stock's future performance.

Public Employees Retirement System of Ohio reduced its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 2.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 189,883 shares of the Wireless communications provider's stock after selling 3,890 shares during the quarter. Public Employees Retirement System of Ohio's holdings in T-Mobile US were worth $45,242,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. NorthCrest Asset Manangement LLC purchased a new position in T-Mobile US during the 2nd quarter valued at about $284,000. Crestwood Advisors Group LLC increased its holdings in T-Mobile US by 79.5% during the 1st quarter. Crestwood Advisors Group LLC now owns 1,635 shares of the Wireless communications provider's stock valued at $436,000 after acquiring an additional 724 shares in the last quarter. Berkshire Bank increased its holdings in T-Mobile US by 12.5% during the 2nd quarter. Berkshire Bank now owns 12,593 shares of the Wireless communications provider's stock valued at $3,000,000 after acquiring an additional 1,400 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in T-Mobile US by 14.3% during the 1st quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider's stock valued at $1,837,399,000 after acquiring an additional 864,030 shares in the last quarter. Finally, Fox Hill Wealth Management purchased a new position in T-Mobile US during the 2nd quarter valued at about $2,603,000. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on TMUS. Redburn Atlantic upgraded shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price target for the company in a report on Monday, July 7th. Bank of America began coverage on shares of T-Mobile US in a report on Monday, July 7th. They set a "neutral" rating and a $255.00 price target for the company. Arete Research upgraded shares of T-Mobile US to a "strong-buy" rating in a report on Tuesday, July 8th. The Goldman Sachs Group began coverage on shares of T-Mobile US in a report on Tuesday, September 2nd. They set a "buy" rating and a $286.00 price target for the company. Finally, KeyCorp reiterated an "underweight" rating and set a $200.00 price target on shares of T-Mobile US in a report on Wednesday, July 9th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $258.02.

T-Mobile US Trading Up 0.9%

NASDAQ TMUS opened at $239.49 on Wednesday. The company's fifty day simple moving average is $244.34 and its 200-day simple moving average is $245.31. T-Mobile US, Inc. has a 52 week low of $200.88 and a 52 week high of $276.49. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33. The stock has a market cap of $269.53 billion, a P/E ratio of 22.59, a PEG ratio of 1.30 and a beta of 0.61.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, topping analysts' consensus estimates of $2.69 by $0.15. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The business had revenue of $21.13 billion for the quarter, compared to analysts' expectations of $20.99 billion. During the same period in the previous year, the company posted $2.49 earnings per share. The business's revenue for the quarter was up 6.9% compared to the same quarter last year. Equities research analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Wednesday, November 26th. This is an increase from T-Mobile US's previous quarterly dividend of $0.88. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.7%. T-Mobile US's dividend payout ratio is presently 33.21%.

Insider Activity at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the business's stock in a transaction on Monday, July 7th. The shares were 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 of the company's stock, 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 SEC, which is available at this hyperlink. Insiders have sold 2,536,460 shares of company stock worth $611,607,700 over the last 90 days. 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.

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