Maryland State Retirement & Pension System Trims Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Maryland State Retirement & Pension System lessened its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 14.6% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 22,060 shares of the Wireless communications provider’s stock after selling 3,760 shares during the quarter. Maryland State Retirement & Pension System’s holdings in T-Mobile US were worth $5,884,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ancora Advisors LLC increased its position in shares of T-Mobile US by 16.6% in the 4th quarter. Ancora Advisors LLC now owns 260 shares of the Wireless communications provider’s stock valued at $57,000 after purchasing an additional 37 shares during the last quarter. Snowden Capital Advisors LLC grew its stake in shares of T-Mobile US by 0.6% during the fourth quarter. Snowden Capital Advisors LLC now owns 6,394 shares of the Wireless communications provider’s stock worth $1,411,000 after purchasing an additional 40 shares in the last quarter. Financial Management Professionals Inc. increased its holdings in T-Mobile US by 15.6% in the first quarter. Financial Management Professionals Inc. now owns 303 shares of the Wireless communications provider’s stock valued at $81,000 after buying an additional 41 shares during the last quarter. Hohimer Wealth Management LLC raised its stake in T-Mobile US by 2.3% in the first quarter. Hohimer Wealth Management LLC now owns 1,800 shares of the Wireless communications provider’s stock valued at $480,000 after buying an additional 41 shares in the last quarter. Finally, Journey Strategic Wealth LLC lifted its holdings in T-Mobile US by 4.2% during the 1st quarter. Journey Strategic Wealth LLC now owns 1,022 shares of the Wireless communications provider’s stock worth $273,000 after buying an additional 41 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Wall Street Analyst Weigh In

TMUS has been the topic of several research analyst reports. Rothschild & Co Redburn raised T-Mobile US from a “sell” rating to a “neutral” rating and set a $228.00 target price on the stock in a research report on Monday, July 7th. Morgan Stanley boosted their price objective on shares of T-Mobile US from $265.00 to $285.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Redburn Atlantic raised shares of T-Mobile US from a “strong sell” rating to a “hold” rating and set a $228.00 target price on the stock in a research report on Monday, July 7th. Arete Research upgraded shares of T-Mobile US to a “strong-buy” rating in a research note on Tuesday, July 8th. Finally, Wall Street Zen lowered T-Mobile US from a “buy” rating to a “hold” rating in a report on Saturday, May 24th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, T-Mobile US currently has an average rating of “Moderate Buy” and an average target price of $256.31.

T-Mobile US Stock Performance

NASDAQ:TMUS opened at $242.93 on Friday. The firm’s fifty day simple moving average is $234.79 and its 200-day simple moving average is $245.96. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. The stock has a market cap of $273.40 billion, a PE ratio of 22.92, a price-to-earnings-growth ratio of 1.31 and a beta of 0.62. T-Mobile US, Inc. has a fifty-two week low of $190.00 and a fifty-two week high of $276.49.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.69 by $0.15. The company had revenue of $21.13 billion during the quarter, compared to analysts’ expectations of $20.99 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period last year, the company posted $2.49 earnings per share. Analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $3.52 annualized dividend and a yield of 1.4%. T-Mobile US’s dividend payout ratio is 33.21%.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $239.71, for a total transaction of $16,741,346.40. Following the completion of the transaction, the director owned 646,124,364 shares in the company, valued at approximately $154,882,471,294.44. The trade was a 0.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Callie R. Field sold 12,300 shares of the company’s stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $240.80, for a total transaction of $2,961,840.00. Following the completion of the sale, the insider directly owned 110,891 shares in the company, valued at $26,702,552.80. This trade represents a 9.98% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,764,850 shares of company stock valued at $410,591,012. Insiders own 0.37% of the company’s stock.

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.