VIRGINIA RETIREMENT SYSTEMS ET Al Takes Position in T-Mobile US, Inc. $TMUS

Key Points

• The Virginia Retirement Systems purchased a new position in T-Mobile US, acquiring 250,300 shares valued at approximately $59.6 million during the second quarter.
• T-Mobile's latest earnings report exceeded analysts' expectations with $2.84 earnings per share and a revenue of $21.13 billion, a 6.9% increase compared to the prior year.
• The company announced a quarterly dividend increase to $1.02 per share, marking a positive change from its previous dividend of $0.88.

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 250,300 shares of the Wireless communications provider's stock, valued at approximately $59,636,000.

Several other institutional investors and hedge funds also recently bought and sold shares of TMUS. Activest Wealth Management boosted its stake in shares of T-Mobile US by 9,400.0% during the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider's stock worth $25,000 after purchasing an additional 94 shares during the period. Missouri Trust & Investment Co raised its position in T-Mobile US by 807.7% in the 2nd quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider's stock worth $28,000 after purchasing an additional 105 shares during the period. Stone House Investment Management LLC bought a new stake in T-Mobile US in the first quarter worth about $29,000. TCTC Holdings LLC boosted its position in shares of T-Mobile US by 208.1% during the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock valued at $30,000 after buying an additional 77 shares during the period. Finally, Tsfg LLC purchased a new position in shares of T-Mobile US during the first quarter valued at approximately $47,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Price Performance

TMUS opened at $229.33 on Friday. The company has a market capitalization of $258.09 billion, a price-to-earnings ratio of 21.63, a PEG ratio of 1.57 and a beta of 0.59. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33. T-Mobile US, Inc. has a 12-month low of $208.39 and a 12-month high of $276.49. The business's fifty day simple moving average is $241.95 and its 200-day simple moving average is $241.53.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings data 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. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The company had revenue of $21.13 billion during the quarter, compared to analyst estimates of $20.99 billion. During the same period in the prior year, the firm earned $2.49 earnings per share. The firm's revenue for the quarter was up 6.9% compared to the same quarter last year. On average, equities research analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Wednesday, November 26th. This is a positive change from T-Mobile US's previous quarterly dividend of $0.88. This represents a $4.08 annualized dividend and a yield of 1.8%. T-Mobile US's dividend payout ratio is 38.49%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on TMUS shares. BNP Paribas Exane increased their price target on T-Mobile US from $290.00 to $305.00 and gave the stock an "outperform" rating in a report on Monday, October 6th. Raymond James Financial upgraded T-Mobile US to a "hold" rating in a research note on Wednesday, October 1st. Rothschild Redb upgraded T-Mobile US to a "hold" rating in a research report on Tuesday, September 30th. Morgan Stanley upped their price target on shares of T-Mobile US from $265.00 to $285.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Finally, Bank of America initiated coverage on shares of T-Mobile US in a research note on Monday, July 7th. They issued a "neutral" rating and a $255.00 price target on the stock. Three analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, T-Mobile US presently has an average rating of "Moderate Buy" and an average price target of $266.17.

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 on Wednesday, July 23rd. The stock was sold at an average price of $232.63, for a total transaction of $16,246,879.20. Following the completion of the sale, the director owned 646,822,764 shares in the company, valued at $150,470,379,589.32. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 2,412,919 shares of company stock valued at $583,104,022 over the last ninety 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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