State of New Jersey Common Pension Fund D Has $47.34 Million Position in T-Mobile US, Inc. $TMUS

Key Points

• The State of New Jersey Common Pension Fund D reduced its stake in T-Mobile US by 9.4%, owning 177,479 shares after selling 18,314 during the first quarter.
• Several institutional investors, including Capital International and Canada Pension Plan Investment Board, increased their holdings in T-Mobile US, showcasing a mixed sentiment among larger stakeholders.
• T-Mobile US reported a quarterly earnings result of $2.84 EPS, exceeding expectations, with a revenue of $21.13 billion for the quarter, reflecting a 6.9% year-over-year growth.

State of New Jersey Common Pension Fund D decreased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 9.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 177,479 shares of the Wireless communications provider's stock after selling 18,314 shares during the period. State of New Jersey Common Pension Fund D's holdings in T-Mobile US were worth $47,335,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TMUS. Godsey & Gibb Inc. lifted 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 acquiring an additional 60 shares during the last quarter. Stone House Investment Management LLC bought a new position in shares of T-Mobile US during the 1st quarter worth about $29,000. TCTC Holdings LLC increased its holdings in shares of T-Mobile US by 208.1% during the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock worth $30,000 after purchasing an additional 77 shares during the period. Adirondack Trust Co. increased its holdings in shares of T-Mobile US by 366.7% during the 1st quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock worth $37,000 after purchasing an additional 110 shares during the period. Finally, City Holding Co. increased its holdings in shares of T-Mobile US by 45.3% during the 1st quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock worth $37,000 after purchasing an additional 43 shares during the period. Institutional investors and hedge funds own 42.49% of the company's stock.

Analysts Set New Price Targets

TMUS has been the topic of several research reports. Scotiabank upgraded shares of T-Mobile US from a "sector perform" rating to a "sector outperform" rating and boosted their price objective for the stock from $275.00 to $277.50 in a report on Wednesday, April 30th. 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. Tigress Financial lifted their target price on shares of T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. Rothschild & Co Redburn upgraded shares of T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 target price on the stock in a research report on Monday, July 7th. Finally, KeyCorp reiterated an "underweight" rating and set a $200.00 target price on shares of T-Mobile US in a research report on Wednesday, July 9th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, T-Mobile US currently has an average rating of "Moderate Buy" and a consensus price target of $256.31.

Insider Buying and Selling

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the company's stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $250.87, for a total value of $17,520,760.80. Following the completion of the sale, the director owned 636,271,724 shares of the company's stock, valued at approximately $159,621,487,399.88. This represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Callie R. Field sold 12,300 shares of the company's stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $240.80, for a total transaction of $2,961,840.00. Following the completion of the sale, the insider directly owned 110,891 shares of the company's stock, valued at $26,702,552.80. The trade was a 9.98% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,974,370 shares of company stock valued at $462,526,830. 0.37% of the stock is currently owned by insiders.

T-Mobile US Price Performance

Shares of NASDAQ TMUS traded up $0.55 during trading on Monday, reaching $255.18. The company had a trading volume of 3,308,715 shares, compared to its average volume of 4,329,075. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. The stock has a market cap of $287.18 billion, a PE ratio of 24.07, a PEG ratio of 1.39 and a beta of 0.62. The business's 50 day moving average price is $235.93 and its 200-day moving average price is $247.58. T-Mobile US, Inc. has a 52 week low of $192.61 and a 52 week high of $276.49.

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

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's payout ratio is 33.21%.

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.