State of Michigan Retirement System Has $34.68 Million Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

State of Michigan Retirement System decreased its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 1.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 130,041 shares of the Wireless communications provider's stock after selling 2,200 shares during the quarter. State of Michigan Retirement System's holdings in T-Mobile US were worth $34,683,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Godsey & Gibb Inc. increased 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 buying an additional 60 shares in the last quarter. Rakuten Securities Inc. grew its position in T-Mobile US by 93.9% during the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider's stock worth $28,000 after acquiring an additional 62 shares during the last quarter. CoreFirst Bank & Trust acquired a new stake in T-Mobile US during the 4th quarter valued at $28,000. City Holding Co. raised its position in T-Mobile US by 45.3% in the 1st 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 during the last quarter. Finally, Adirondack Trust Co. raised its position in T-Mobile US by 366.7% in the 1st quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock valued at $37,000 after purchasing an additional 110 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company's stock.

T-Mobile US Trading Down 0.2%

NASDAQ:TMUS traded down $0.39 during mid-day trading on Friday, hitting $227.76. The company had a trading volume of 3,093,664 shares, compared to its average volume of 4,103,401. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.08 and a current ratio of 1.16. T-Mobile US, Inc. has a fifty-two week low of $173.74 and a fifty-two week high of $276.49. The firm has a market cap of $258.61 billion, a P/E ratio of 22.22, a P/E/G ratio of 1.27 and a beta of 0.62. The business's fifty day moving average is $237.87 and its two-hundred day moving average is $243.50.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $20.89 billion during the quarter, compared to analysts' expectations of $20.67 billion. During the same period in the prior year, the business posted $2.00 EPS. T-Mobile US's revenue was up 6.6% on a year-over-year basis. As a group, research analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Announces Dividend

The company 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. This represents a $3.52 annualized dividend and a yield of 1.55%. The ex-dividend date is Friday, August 29th. T-Mobile US's payout ratio is presently 34.34%.

Analyst Ratings Changes

TMUS has been the topic of several research analyst reports. JPMorgan Chase & Co. increased their target price on T-Mobile US from $265.00 to $270.00 and gave the stock an "overweight" rating in a report on Tuesday, March 18th. Redburn Atlantic upgraded 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. KeyCorp restated an "underweight" rating and issued a $200.00 price objective on shares of T-Mobile US in a research report on Wednesday. UBS Group downgraded shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 21st. Finally, Benchmark reiterated a "buy" rating and set a $275.00 target price on shares of T-Mobile US in a research report on Thursday, March 27th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $252.61.

Insiders Place Their Bets

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the company's stock in a transaction on Friday, July 11th. The shares were 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 owned 647,381,484 shares in the company, valued at $147,311,656,684.20. This represents a 0.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 907,470 shares of company stock valued at $209,055,386 in the last quarter. Company 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.