T-Mobile US, Inc. (NASDAQ:TMUS) Shares Bought by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky raised its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 10.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 97,156 shares of the Wireless communications provider’s stock after acquiring an additional 9,434 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in T-Mobile US were worth $21,445,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Rakuten Securities Inc. lifted its holdings in T-Mobile US by 93.9% in the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 62 shares in the last quarter. CoreFirst Bank & Trust purchased a new position in shares of T-Mobile US in the fourth quarter worth about $28,000. Financial Life Planners acquired a new position in T-Mobile US during the fourth quarter worth about $29,000. Bruce G. Allen Investments LLC grew its stake in T-Mobile US by 79.3% during the 4th quarter. Bruce G. Allen Investments LLC now owns 165 shares of the Wireless communications provider’s stock valued at $36,000 after acquiring an additional 73 shares in the last quarter. Finally, Albion Financial Group UT acquired a new stake in T-Mobile US in the 4th quarter valued at about $39,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insiders Place Their Bets

In other news, Director Srikant M. Datar sold 730 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total value of $191,990.00. Following the completion of the sale, the director now directly owns 3,291 shares of the company’s stock, valued at approximately $865,533. This represents a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.67% of the company’s stock.

T-Mobile US Stock Up 0.9 %

Shares of T-Mobile US stock opened at $262.04 on Monday. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. T-Mobile US, Inc. has a 52-week low of $160.62 and a 52-week high of $276.49. The company has a market capitalization of $299.18 billion, a P/E ratio of 27.10, a P/E/G ratio of 1.55 and a beta of 0.63. The company has a 50 day moving average of $261.54 and a 200 day moving average of $239.47.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. As a group, research analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be issued a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US’s payout ratio is 36.40%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on TMUS shares. Wells Fargo & Company restated an “equal weight” rating on shares of T-Mobile US in a report on Wednesday, February 26th. Benchmark reaffirmed a “buy” rating and issued a $275.00 target price on shares of T-Mobile US in a research note on Thursday, March 27th. Citigroup lowered T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 price target on the stock. in a report on Friday, March 14th. Scotiabank upped their price objective on shares of T-Mobile US from $247.00 to $275.00 and gave the company a “sector perform” rating in a report on Monday, March 3rd. Finally, Oppenheimer boosted their target price on shares of T-Mobile US from $250.00 to $275.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Eleven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, T-Mobile US presently has an average rating of “Moderate Buy” and an average target price of $256.80.

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.