T-Mobile US, Inc. (NASDAQ:TMUS) Shares Bought by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund grew its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 4.3% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 124,440 shares of the Wireless communications provider’s stock after buying an additional 5,110 shares during the period. T-Mobile US accounts for approximately 0.5% of Illinois Municipal Retirement Fund’s portfolio, making the stock its 27th largest position. Illinois Municipal Retirement Fund’s holdings in T-Mobile US were worth $33,189,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Avantax Advisory Services Inc. raised its holdings in T-Mobile US by 5.2% during the fourth quarter. Avantax Advisory Services Inc. now owns 37,478 shares of the Wireless communications provider’s stock worth $8,272,000 after purchasing an additional 1,859 shares in the last quarter. Burling Wealth Partners LLC purchased a new position in T-Mobile US in the fourth quarter valued at about $2,539,000. Mizuho Securities USA LLC increased its holdings in T-Mobile US by 45.4% in the fourth quarter. Mizuho Securities USA LLC now owns 46,195 shares of the Wireless communications provider’s stock valued at $10,197,000 after buying an additional 14,418 shares in the last quarter. Raymond James Financial Inc. purchased a new position in T-Mobile US in the fourth quarter valued at about $452,721,000. Finally, GC Wealth Management RIA LLC increased its holdings in T-Mobile US by 14.3% in the fourth quarter. GC Wealth Management RIA LLC now owns 12,703 shares of the Wireless communications provider’s stock valued at $2,804,000 after buying an additional 1,592 shares in the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the firm’s stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $230.56, for a total value of $16,102,310.40. Following the sale, the director now owns 648,149,724 shares in the company, valued at approximately $149,437,400,365.44. This trade represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety days, insiders sold 419,040 shares of company stock valued at $94,880,434. 0.37% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have recently commented on TMUS. Wall Street Zen lowered shares of T-Mobile US from a “buy” rating to a “hold” rating in a research report on Saturday, May 24th. Hsbc Global Res lowered shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 5th. HSBC lowered shares of T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 price target on the stock. in a research report on Wednesday, March 5th. Scotiabank upgraded shares of T-Mobile US from a “sector perform” rating to a “sector outperform” rating and raised their target price for the stock from $275.00 to $277.50 in a research report on Wednesday, April 30th. Finally, Citigroup cut shares of T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 target price for the company. in a research note on Friday, March 14th. Eleven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, T-Mobile US presently has an average rating of “Moderate Buy” and an average target price of $257.68.

T-Mobile US Price Performance

TMUS opened at $231.42 on Friday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.08 and a current ratio of 1.16. T-Mobile US, Inc. has a 1-year low of $173.74 and a 1-year high of $276.49. The company has a 50-day moving average of $240.54 and a 200-day moving average of $242.79. The company has a market capitalization of $262.76 billion, a P/E ratio of 22.58, a PEG ratio of 1.27 and a beta of 0.64.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, beating the consensus estimate of $2.48 by $0.10. The company had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.67 billion. T-Mobile US had a return on equity of 19.09% and a net margin of 14.41%. The business’s revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the company earned $2.00 earnings per share. Equities analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US’s dividend payout ratio (DPR) is presently 34.34%.

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.