Louisiana State Employees Retirement System Purchases New Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Louisiana State Employees Retirement System purchased a new stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 122,700 shares of the Wireless communications provider's stock, valued at approximately $19,672,000.

Other hedge funds also recently added to or reduced their stakes in the company. Financial Counselors Inc. purchased a new position in shares of T-Mobile US during the third quarter worth approximately $218,000. Caprock Group LLC grew its position in shares of T-Mobile US by 105.8% during the fourth quarter. Caprock Group LLC now owns 23,063 shares of the Wireless communications provider's stock worth $3,698,000 after acquiring an additional 11,854 shares during the last quarter. STF Management LP grew its position in shares of T-Mobile US by 150.7% during the third quarter. STF Management LP now owns 19,321 shares of the Wireless communications provider's stock worth $2,706,000 after acquiring an additional 11,614 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of T-Mobile US by 11.5% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 237,481 shares of the Wireless communications provider's stock worth $38,075,000 after acquiring an additional 24,412 shares during the last quarter. Finally, Fifth Third Bancorp grew its position in shares of T-Mobile US by 17.6% during the fourth quarter. Fifth Third Bancorp now owns 206,075 shares of the Wireless communications provider's stock worth $33,040,000 after acquiring an additional 30,819 shares during the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

T-Mobile US Price Performance

Shares of TMUS stock traded down $0.64 during mid-day trading on Friday, reaching $160.05. The stock had a trading volume of 3,827,460 shares, compared to its average volume of 3,963,603. T-Mobile US, Inc. has a 12-month low of $124.92 and a 12-month high of $168.64. The company has a market cap of $189.96 billion, a P/E ratio of 23.10, a price-to-earnings-growth ratio of 0.65 and a beta of 0.49. The business has a 50-day simple moving average of $162.38 and a 200 day simple moving average of $155.48. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.18.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings results on Thursday, January 25th. The Wireless communications provider reported $1.67 earnings per share for the quarter, missing analysts' consensus estimates of $1.90 by ($0.23). T-Mobile US had a net margin of 10.59% and a return on equity of 12.69%. The firm had revenue of $20.48 billion during the quarter, compared to analysts' expectations of $19.67 billion. During the same quarter in the prior year, the business earned $1.18 EPS. The company's quarterly revenue was up 1.0% compared to the same quarter last year. On average, sell-side analysts anticipate that T-Mobile US, Inc. will post 8.95 earnings per share for the current year.

T-Mobile US Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Friday, May 31st will be given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date is Friday, May 31st. T-Mobile US's dividend payout ratio is currently 37.52%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Tigress Financial raised their target price on shares of T-Mobile US from $204.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, February 8th. KeyCorp decreased their price target on T-Mobile US from $183.00 to $175.00 and set an "overweight" rating for the company in a report on Friday, January 26th. Benchmark reaffirmed a "buy" rating and set a $200.00 price target on shares of T-Mobile US in a report on Friday, January 26th. Morgan Stanley increased their price target on T-Mobile US from $180.00 to $186.00 and gave the stock an "overweight" rating in a report on Monday, January 29th. Finally, Raymond James increased their price target on T-Mobile US from $180.00 to $185.00 and gave the stock a "strong-buy" rating in a report on Friday, January 26th. One equities research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $185.93.

Insider Activity

In related news, Director Telekom Ag Deutsche sold 194,910 shares of T-Mobile US stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $162.47, for a total transaction of $31,667,027.70. Following the completion of the sale, the director now owns 691,685,021 shares in the company, valued at approximately $112,378,065,361.87. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO G Michael Sievert sold 40,000 shares of T-Mobile US stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $161.05, for a total transaction of $6,442,000.00. Following the completion of the sale, the chief executive officer now owns 496,036 shares in the company, valued at approximately $79,886,597.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Telekom Ag Deutsche sold 194,910 shares of T-Mobile US stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $162.47, for a total value of $31,667,027.70. Following the sale, the director now owns 691,685,021 shares of the company's stock, valued at approximately $112,378,065,361.87. The disclosure for this sale can be found here. Insiders sold a total of 5,884,080 shares of company stock worth $956,514,564 over the last 90 days. 0.70% of the stock is currently owned by corporate insiders.

T-Mobile US 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.