Teachers Retirement System of The State of Kentucky raised its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 24.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 120,738 shares of the Wireless communications provider's stock after buying an additional 23,582 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in T-Mobile US were worth $32,202,000 as of its most recent filing with the SEC.
Several other institutional investors also recently modified their holdings of TMUS. Burling Wealth Partners LLC acquired a new stake in T-Mobile US during the 4th quarter valued at $2,539,000. Mizuho Securities USA LLC raised its stake in T-Mobile US by 45.4% during the 4th quarter. Mizuho Securities USA LLC now owns 46,195 shares of the Wireless communications provider's stock valued at $10,197,000 after purchasing an additional 14,418 shares during the period. Advisor Resource Council acquired a new stake in T-Mobile US during the 1st quarter valued at $463,000. Westpac Banking Corp raised its stake in T-Mobile US by 25.4% during the 4th quarter. Westpac Banking Corp now owns 10,439 shares of the Wireless communications provider's stock valued at $2,304,000 after purchasing an additional 2,113 shares during the period. Finally, Main Street Research LLC raised its stake in T-Mobile US by 1.0% during the 1st quarter. Main Street Research LLC now owns 177,902 shares of the Wireless communications provider's stock valued at $47,448,000 after purchasing an additional 1,788 shares during the period. Institutional investors own 42.49% of the company's stock.
T-Mobile US Stock Up 0.1%
Shares of TMUS opened at $227.21 on Friday. The stock has a market cap of $257.98 billion, a price-to-earnings ratio of 22.17, a P/E/G ratio of 1.26 and a beta of 0.62. The company has a quick ratio of 1.08, a current ratio of 1.16 and a debt-to-equity ratio of 1.35. T-Mobile US, Inc. has a 12 month low of $173.74 and a 12 month high of $276.49. The company has a 50-day moving average price of $235.29 and a two-hundred day moving average price of $243.87.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.48 by $0.10. The company had revenue of $20.89 billion during the quarter, compared to analysts' expectations of $20.67 billion. T-Mobile US had a net margin of 14.41% and a return on equity of 19.09%. T-Mobile US's quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.00 earnings per share. Equities analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal 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 issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $3.52 dividend on an annualized basis and a yield of 1.55%. T-Mobile US's dividend payout ratio is 34.34%.
Insiders Place Their Bets
In related news, Director Telekom Ag Deutsche sold 69,840 shares of the business's stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $228.28, for a total value of $15,943,075.20. Following the completion of the transaction, the director owned 647,171,964 shares in the company, valued at $147,736,415,941.92. The trade was a 0.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last ninety days, insiders sold 1,116,990 shares of company stock worth $256,892,992. Company insiders own 0.37% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on the stock. 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 note on Monday, July 7th. Tigress Financial upped their price target on shares of T-Mobile US from $290.00 to $305.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. KeyCorp reaffirmed an "underweight" rating and issued a $200.00 price target on shares of T-Mobile US in a research note on Wednesday, July 9th. Morgan Stanley upped their price target on shares of T-Mobile US from $265.00 to $280.00 and gave the stock an "overweight" rating in a research note on Wednesday. Finally, Scotiabank raised shares of T-Mobile US from a "sector perform" rating to a "sector outperform" rating and upped their price target for the stock from $275.00 to $277.50 in a research note on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, T-Mobile US presently has an average rating of "Moderate Buy" and an average price target of $255.12.
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About T-Mobile US
(
Free Report)
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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