Louisiana State Employees Retirement System Sells 1,700 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Louisiana State Employees Retirement System lessened its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 1.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 109,200 shares of the Wireless communications provider's stock after selling 1,700 shares during the quarter. T-Mobile US makes up 0.6% of Louisiana State Employees Retirement System's holdings, making the stock its 18th biggest position. Louisiana State Employees Retirement System's holdings in T-Mobile US were worth $29,125,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in TMUS. Godsey & Gibb Inc. increased its position in 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 buying an additional 60 shares during the period. CoreFirst Bank & Trust bought a new position in T-Mobile US in the fourth quarter valued at about $28,000. Adirondack Trust Co. grew its position in T-Mobile US by 366.7% in 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 during the last quarter. City Holding Co. boosted 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 purchasing an additional 43 shares in the last quarter. Finally, Pinney & Scofield Inc. acquired a new stake in shares of T-Mobile US during the fourth quarter valued at about $39,000. Institutional investors and hedge funds own 42.49% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on TMUS shares. Wall Street Zen lowered T-Mobile US from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Rothschild & Co Redburn raised T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price target on the stock in a research note on Monday, July 7th. Bank of America started coverage on T-Mobile US in a research note on Monday, July 7th. They set a "neutral" rating and a $255.00 price target on the stock. UBS Group lowered T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 21st. Finally, Benchmark reissued a "buy" rating and set a $275.00 price target on shares of T-Mobile US in a research note on Thursday, March 27th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, ten have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $252.61.

T-Mobile US Trading Down 0.2%

TMUS traded down $0.39 during trading on Friday, hitting $227.76. The company's stock had a trading volume of 3,093,664 shares, compared to its average volume of 4,107,656. T-Mobile US, Inc. has a twelve month low of $173.74 and a twelve month high of $276.49. 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 stock's fifty day moving average price is $237.45 and its 200-day moving average price is $243.68. The firm has a market capitalization of $258.61 billion, a P/E ratio of 22.22, a PEG ratio of 1.27 and a beta of 0.62.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $20.67 billion. During the same period in the previous year, the firm earned $2.00 earnings per share. The company's revenue was up 6.6% compared to the same quarter last year. Analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date is Friday, August 29th. T-Mobile US's payout ratio is 34.34%.

Insider Buying and Selling

In related 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 sale, the director directly owned 647,381,484 shares of the company's stock, valued at approximately $147,311,656,684.20. This represents a 0.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders sold 907,470 shares of company stock valued at $209,055,386. Corporate insiders own 0.37% of the company's stock.

About T-Mobile US

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.