Strs Ohio Sells 12,970 Shares of T-Mobile US, Inc. $TMUS

Strs Ohio lessened its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 8.1% during the third quarter, Holdings Channel.com reports. The firm owned 148,056 shares of the Wireless communications provider’s stock after selling 12,970 shares during the period. Strs Ohio’s holdings in T-Mobile US were worth $35,442,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Covestor Ltd raised its stake in T-Mobile US by 35.7% during the 3rd quarter. Covestor Ltd now owns 487 shares of the Wireless communications provider’s stock worth $117,000 after buying an additional 128 shares during the period. Boston Common Asset Management LLC grew its stake in T-Mobile US by 3.6% in the third quarter. Boston Common Asset Management LLC now owns 106,029 shares of the Wireless communications provider’s stock valued at $25,381,000 after acquiring an additional 3,672 shares during the period. Triad Wealth Partners LLC bought a new stake in shares of T-Mobile US during the third quarter valued at approximately $216,000. Rogco LP acquired a new position in shares of T-Mobile US during the third quarter worth approximately $281,000. Finally, Avidian Wealth Enterprises LLC lifted its holdings in shares of T-Mobile US by 6.0% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 2,777 shares of the Wireless communications provider’s stock worth $665,000 after purchasing an additional 157 shares in the last quarter. 42.49% of the stock is owned by institutional investors.

Insider Buying and Selling at T-Mobile US

In other news, Director G Michael Sievert sold 22,500 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $216.97, for a total transaction of $4,881,825.00. Following the completion of the sale, the director owned 308,696 shares in the company, valued at $66,977,771.12. This trade represents a 6.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Letitia A. Long sold 1,457 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $210.32, for a total value of $306,436.24. Following the completion of the transaction, the director owned 5,438 shares in the company, valued at approximately $1,143,720.16. The trade was a 21.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 170,764 shares of company stock valued at $37,483,463 in the last three months. 0.37% of the stock is owned by corporate insiders.

T-Mobile US Stock Performance

Shares of T-Mobile US stock opened at $186.03 on Friday. The business’s fifty day simple moving average is $200.06 and its 200 day simple moving average is $222.49. The company has a current ratio of 0.89, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37. T-Mobile US, Inc. has a 12 month low of $181.36 and a 12 month high of $276.49. The firm has a market capitalization of $208.08 billion, a P/E ratio of 17.89, a price-to-earnings-growth ratio of 1.02 and a beta of 0.45.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.01. The firm had revenue of $21.96 billion during the quarter, compared to analyst estimates of $21.61 billion. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The business’s revenue was up 8.9% compared to the same quarter last year. During the same period last year, the firm posted $2.61 EPS. As a group, analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Friday, February 27th will be given a dividend of $1.02 per share. The ex-dividend date is Friday, February 27th. This represents a $4.08 annualized dividend and a yield of 2.2%. T-Mobile US’s dividend payout ratio is presently 39.23%.

Analysts Set New Price Targets

TMUS has been the topic of several research reports. Hsbc Global Res upgraded shares of T-Mobile US from a “hold” rating to a “strong-buy” rating in a report on Friday, October 24th. Sanford C. Bernstein cut their price target on T-Mobile US from $265.00 to $245.00 and set a “market perform” rating for the company in a research note on Thursday, January 15th. Royal Bank Of Canada decreased their price objective on T-Mobile US from $270.00 to $255.00 and set an “outperform” rating for the company in a report on Friday, January 16th. Benchmark restated a “buy” rating on shares of T-Mobile US in a report on Wednesday. Finally, Citigroup decreased their price target on T-Mobile US from $268.00 to $220.00 and set a “neutral” rating for the company in a report on Friday, December 19th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and thirteen have assigned a Hold rating to the company. According to MarketBeat, T-Mobile US has a consensus rating of “Moderate Buy” and a consensus price target of $257.76.

T-Mobile US Company Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.