Retirement Systems of Alabama Sells 1,427 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Retirement Systems of Alabama decreased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 1.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 105,528 shares of the Wireless communications provider’s stock after selling 1,427 shares during the quarter. Retirement Systems of Alabama’s holdings in T-Mobile US were worth $23,293,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TMUS. KPP Advisory Services LLC lifted its holdings in T-Mobile US by 2.6% during the 3rd quarter. KPP Advisory Services LLC now owns 1,744 shares of the Wireless communications provider’s stock worth $360,000 after buying an additional 45 shares during the period. DT Investment Partners LLC lifted its stake in shares of T-Mobile US by 65.3% in the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 47 shares during the period. Relyea Zuckerberg Hanson LLC boosted its holdings in T-Mobile US by 3.9% in the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 1,286 shares of the Wireless communications provider’s stock valued at $284,000 after acquiring an additional 48 shares during the last quarter. Old North State Trust LLC increased its position in T-Mobile US by 1.4% during the 3rd quarter. Old North State Trust LLC now owns 3,637 shares of the Wireless communications provider’s stock valued at $751,000 after purchasing an additional 50 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in T-Mobile US by 1.5% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,330 shares of the Wireless communications provider’s stock worth $735,000 after purchasing an additional 50 shares during the last quarter. 42.49% of the stock is owned by institutional investors.

T-Mobile US Trading Up 2.0 %

NASDAQ TMUS opened at $247.17 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $282.21 billion, a P/E ratio of 25.56, a PEG ratio of 1.38 and a beta of 0.56. The business has a fifty day simple moving average of $225.95 and a 200 day simple moving average of $214.72. T-Mobile US, Inc. has a 12 month low of $158.84 and a 12 month high of $248.15.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. On average, analysts predict that T-Mobile US, Inc. will post 10.18 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.42%. T-Mobile US’s payout ratio is 36.40%.

Insider Buying and Selling

In other T-Mobile US news, Director Andre Almeida bought 3,808 shares of the stock in a transaction dated Monday, December 9th. The shares were bought at an average cost of $235.72 per share, for a total transaction of $897,621.76. Following the purchase, the director now directly owns 3,808 shares of the company’s stock, valued at approximately $897,621.76. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Srikant M. Datar sold 1,000 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $247.19, for a total transaction of $247,190.00. Following the transaction, the director now owns 5,021 shares of the company’s stock, valued at approximately $1,241,140.99. The trade was a 16.61 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,100 shares of company stock worth $5,501,978. 0.67% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on TMUS shares. JPMorgan Chase & Co. upped their price objective on shares of T-Mobile US from $250.00 to $265.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Benchmark reaffirmed a “buy” rating and set a $255.00 price target on shares of T-Mobile US in a research report on Tuesday, January 28th. KeyCorp lowered T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 price objective for the company. in a research report on Thursday, December 12th. Oppenheimer upped their target price on T-Mobile US from $250.00 to $275.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Finally, TD Cowen lifted their target price on T-Mobile US from $216.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Seven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, T-Mobile US currently has an average rating of “Moderate Buy” and an average target price of $251.79.

About T-Mobile US

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.