Illinois Municipal Retirement Fund Sells 19,994 Shares of T-Mobile US, Inc. $TMUS

Illinois Municipal Retirement Fund decreased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 15.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 111,785 shares of the Wireless communications provider’s stock after selling 19,994 shares during the period. Illinois Municipal Retirement Fund’s holdings in T-Mobile US were worth $22,697,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. JDM Financial Group LLC lifted its stake in T-Mobile US by 114.0% during the fourth quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 65 shares during the last quarter. Turning Point Benefit Group Inc. boosted its holdings in shares of T-Mobile US by 3,825.0% in the 4th quarter. Turning Point Benefit Group Inc. now owns 157 shares of the Wireless communications provider’s stock valued at $32,000 after purchasing an additional 153 shares in the last quarter. United Community Bank increased its stake in shares of T-Mobile US by 78.8% in the 4th quarter. United Community Bank now owns 186 shares of the Wireless communications provider’s stock valued at $38,000 after purchasing an additional 82 shares during the last quarter. Ares Financial Consulting LLC acquired a new position in shares of T-Mobile US during the 4th quarter worth $38,000. Finally, WHI TRUST Co LLC acquired a new position in shares of T-Mobile US during the 4th quarter worth $41,000. 42.49% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TMUS. Daiwa Securities Group raised T-Mobile US from a “neutral” rating to an “outperform” rating and set a $240.00 price objective on the stock in a research note on Thursday, February 19th. Morgan Stanley initiated coverage on T-Mobile US in a research note on Thursday, April 16th. They set an “overweight” rating and a $260.00 target price for the company. DZ Bank reissued a “buy” rating on shares of T-Mobile US in a report on Wednesday, May 6th. TD Cowen raised their price target on shares of T-Mobile US from $252.00 to $261.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Finally, Freedom Capital raised shares of T-Mobile US from a “hold” rating to a “strong-buy” rating in a report on Friday, April 17th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $260.48.

T-Mobile US Trading Up 3.4%

Shares of TMUS stock opened at $185.55 on Thursday. T-Mobile US, Inc. has a twelve month low of $174.02 and a twelve month high of $261.56. The stock’s fifty day simple moving average is $191.79 and its 200 day simple moving average is $199.94. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.58. The firm has a market capitalization of $200.80 billion, a P/E ratio of 19.74, a P/E/G ratio of 1.04 and a beta of 0.31.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 EPS for the quarter, beating analysts’ consensus estimates of $2.01 by $0.26. The firm had revenue of $23.11 billion for the quarter, compared to analyst estimates of $22.98 billion. T-Mobile US had a return on equity of 19.47% and a net margin of 11.65%.The business’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period last year, the firm posted $2.58 earnings per share. As a group, sell-side analysts predict that T-Mobile US, Inc. will post 10.65 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Friday, May 29th will be given a dividend of $1.02 per share. The ex-dividend date is Friday, May 29th. This represents a $4.08 annualized dividend and a yield of 2.2%. T-Mobile US’s dividend payout ratio (DPR) is currently 43.40%.

Insider Buying and Selling

In other T-Mobile US news, insider Andre Almeida bought 5,097 shares of T-Mobile US stock in a transaction on Friday, May 1st. The shares were purchased at an average cost of $196.18 per share, with a total value of $999,929.46. Following the acquisition, the insider directly owned 44,850 shares of the company’s stock, valued at $8,798,673. The trade was a 12.82% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael J. Katz sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $195.81, for a total transaction of $979,050.00. Following the completion of the transaction, the insider owned 181,930 shares of the company’s stock, valued at approximately $35,623,713.30. This trade represents a 2.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.32% of the stock is owned by corporate insiders.

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.