T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund reduced its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 23.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 783,388 shares of the Wireless communications provider's stock after selling 236,665 shares during the quarter. New York State Common Retirement Fund owned 0.07% of T-Mobile US worth $125,601,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Morgan Stanley grew its stake in shares of T-Mobile US by 0.9% in the 3rd quarter. Morgan Stanley now owns 11,255,490 shares of the Wireless communications provider's stock valued at $1,576,332,000 after purchasing an additional 104,490 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of T-Mobile US by 7.1% in the third quarter. Royal Bank of Canada now owns 10,505,308 shares of the Wireless communications provider's stock valued at $1,471,269,000 after buying an additional 693,443 shares in the last quarter. Invesco Ltd. boosted its stake in shares of T-Mobile US by 0.6% in the third quarter. Invesco Ltd. now owns 7,675,261 shares of the Wireless communications provider's stock valued at $1,074,920,000 after buying an additional 45,196 shares in the last quarter. California Public Employees Retirement System boosted its stake in shares of T-Mobile US by 10.1% in the fourth quarter. California Public Employees Retirement System now owns 3,455,969 shares of the Wireless communications provider's stock valued at $554,096,000 after buying an additional 316,617 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its stake in shares of T-Mobile US by 243.9% in the third quarter. Clearbridge Investments LLC now owns 2,920,668 shares of the Wireless communications provider's stock valued at $409,040,000 after buying an additional 2,071,489 shares in the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Michael J. Katz sold 3,000 shares of T-Mobile US stock in a transaction on Monday, April 1st. The stock was sold at an average price of $163.22, for a total value of $489,660.00. Following the completion of the sale, the insider now owns 125,687 shares of the company's stock, valued at $20,514,632.14. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other T-Mobile US news, Director Telekom Ag Deutsche sold 170,703 shares of the business's stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $159.98, for a total transaction of $27,309,065.94. Following the completion of the sale, the director now owns 679,434,731 shares of the company's stock, valued at $108,695,968,265.38. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michael J. Katz sold 3,000 shares of the business's stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $163.22, for a total value of $489,660.00. Following the sale, the insider now directly owns 125,687 shares of the company's stock, valued at approximately $20,514,632.14. The disclosure for this sale can be found here. Insiders sold a total of 5,811,459 shares of company stock valued at $942,634,782 over the last quarter. Company insiders own 0.70% of the company's stock.

T-Mobile US Price Performance

Shares of NASDAQ TMUS traded up $0.89 during trading on Tuesday, reaching $163.25. The company had a trading volume of 4,164,846 shares, compared to its average volume of 4,502,956. T-Mobile US, Inc. has a twelve month low of $124.92 and a twelve month high of $168.64. The stock has a market capitalization of $193.76 billion, a PE ratio of 23.59, a price-to-earnings-growth ratio of 0.66 and a beta of 0.49. The stock has a 50-day moving average price of $162.30 and a two-hundred day moving average price of $156.54. 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 data on Thursday, January 25th. The Wireless communications provider reported $1.67 EPS for the quarter, missing analysts' consensus estimates of $1.90 by ($0.23). The business had revenue of $20.48 billion during the quarter, compared to analysts' expectations of $19.67 billion. T-Mobile US had a net margin of 10.59% and a return on equity of 12.69%. T-Mobile US's revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.18 EPS. As a group, sell-side analysts predict that T-Mobile US, Inc. will post 8.95 earnings per share for the current year.

T-Mobile US Dividend Announcement

The firm also recently disclosed 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 1.59%. The ex-dividend date is Friday, May 31st. T-Mobile US's dividend payout ratio is currently 37.52%.

Analyst Ratings Changes

A number of research firms recently weighed in on TMUS. Wells Fargo & Company lifted their price target on T-Mobile US from $175.00 to $185.00 and gave the company an "overweight" rating in a research note on Monday, January 22nd. KeyCorp decreased their price target on T-Mobile US from $183.00 to $175.00 and set an "overweight" rating on the stock in a research note on Friday, January 26th. Benchmark restated a "buy" rating and issued a $200.00 price target on shares of T-Mobile US in a research note on Friday, January 26th. Raymond James lifted their price target on T-Mobile US from $180.00 to $185.00 and gave the company a "strong-buy" rating in a research note on Friday, January 26th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $184.00 price objective on shares of T-Mobile US in a report on Wednesday, March 20th. One analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $185.93.

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.