New York State Teachers Retirement System Has $96.40 Million Position in T-Mobile US, Inc. $TMUS

New York State Teachers Retirement System raised its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 0.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 404,613 shares of the Wireless communications provider’s stock after acquiring an additional 801 shares during the period. New York State Teachers Retirement System’s holdings in T-Mobile US were worth $96,403,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in TMUS. Activest Wealth Management grew its holdings in shares of T-Mobile US by 9,400.0% during the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 94 shares in the last quarter. Missouri Trust & Investment Co grew its holdings in shares of T-Mobile US by 807.7% during the 2nd quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 105 shares in the last quarter. Stone House Investment Management LLC purchased a new position in shares of T-Mobile US during the 1st quarter valued at $29,000. TCTC Holdings LLC grew its holdings in shares of T-Mobile US by 208.1% during the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider’s stock valued at $30,000 after acquiring an additional 77 shares in the last quarter. Finally, Tsfg LLC purchased a new position in shares of T-Mobile US during the 1st quarter valued at $47,000. 42.49% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on TMUS. Bank of America began coverage on shares of T-Mobile US in a report on Monday, July 7th. They set a “neutral” rating and a $255.00 price target on the stock. JPMorgan Chase & Co. boosted their price target on shares of T-Mobile US from $280.00 to $300.00 and gave the company an “overweight” rating in a report on Tuesday, September 30th. Royal Bank Of Canada upgraded shares of T-Mobile US from a “sector perform” rating to an “outperform” rating and set a $270.00 price target on the stock in a report on Tuesday. Benchmark boosted their price target on shares of T-Mobile US from $275.00 to $295.00 and gave the company a “buy” rating in a report on Friday, October 10th. Finally, KeyCorp reiterated an “underweight” rating and issued a $200.00 price objective on shares of T-Mobile US in a report on Wednesday, July 9th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, T-Mobile US presently has a consensus rating of “Moderate Buy” and a consensus price target of $265.13.

T-Mobile US Trading Down 1.2%

Shares of NASDAQ:TMUS opened at $226.65 on Thursday. The stock has a market capitalization of $255.08 billion, a PE ratio of 21.38, a P/E/G ratio of 1.57 and a beta of 0.59. T-Mobile US, Inc. has a 1 year low of $208.39 and a 1 year high of $276.49. The firm has a fifty day moving average price of $242.60 and a 200 day moving average price of $242.23. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.69 by $0.15. The firm 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%. T-Mobile US’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the prior year, the company posted $2.49 earnings per share. Analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $4.08 dividend on an annualized basis and a yield of 1.8%. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s dividend payout ratio (DPR) is presently 38.49%.

Insiders Place Their Bets

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the business’s stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $232.63, for a total transaction of $16,246,879.20. Following the completion of the transaction, the director owned 646,822,764 shares of the company’s stock, valued at $150,470,379,589.32. The trade was a 0.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders have sold 2,418,333 shares of company stock worth $584,293,759. 0.37% of the stock is owned by insiders.

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.