Louisiana State Employees Retirement System Lowers Holdings in T-Mobile US, Inc. $TMUS

Louisiana State Employees Retirement System lowered its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 0.9% in the second quarter, Holdings Channel reports. The firm owned 108,200 shares of the Wireless communications provider’s stock after selling 1,000 shares during the period. T-Mobile US makes up about 0.5% of Louisiana State Employees Retirement System’s investment portfolio, making the stock its 22nd biggest position. Louisiana State Employees Retirement System’s holdings in T-Mobile US were worth $25,780,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of 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 worth $25,000 after purchasing an additional 94 shares during the period. 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 worth $28,000 after purchasing an additional 105 shares during the period. Stone House Investment Management LLC purchased a new stake in shares of T-Mobile US during the 1st quarter worth about $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 worth $30,000 after purchasing an additional 77 shares during the period. Finally, City Holding Co. grew its holdings in shares of T-Mobile US by 45.3% during the 1st quarter. City Holding Co. now owns 138 shares of the Wireless communications provider’s stock worth $37,000 after purchasing an additional 43 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Performance

Shares of TMUS opened at $227.68 on Wednesday. The business’s 50 day moving average is $244.07 and its two-hundred day moving average is $243.57. T-Mobile US, Inc. has a 52-week low of $208.39 and a 52-week high of $276.49. The firm has a market cap of $256.24 billion, a price-to-earnings ratio of 21.48, a PEG ratio of 1.44 and a beta of 0.59. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33.

T-Mobile US (NASDAQ:TMUS) last announced 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. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The company had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.99 billion. During the same period in the prior year, the company posted $2.49 EPS. T-Mobile US’s quarterly revenue was up 6.9% on a year-over-year basis. Analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The firm 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 $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Wednesday, November 26th. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s dividend payout ratio is currently 33.21%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on TMUS shares. JPMorgan Chase & Co. boosted their target price on T-Mobile US from $280.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday, September 30th. Bank of America began coverage on T-Mobile US in a report on Monday, July 7th. They issued a “neutral” rating and a $255.00 price target for the company. Rothschild & Co Redburn upgraded T-Mobile US from a “sell” rating to a “neutral” rating and set a $228.00 price target for the company in a report on Monday, July 7th. Morgan Stanley upped their price target on T-Mobile US from $265.00 to $285.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. Finally, BNP Paribas Exane upped their price target on T-Mobile US from $290.00 to $305.00 and gave the stock an “outperform” rating in a report on Monday. Three investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $264.29.

Insider Activity

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the company’s stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $238.61, for a total transaction of $16,664,522.40. Following the sale, the director directly owned 646,613,244 shares of the company’s stock, valued at approximately $154,288,386,150.84. This represents a 0.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders sold 2,509,379 shares of company stock valued at $605,554,413. Corporate insiders own 0.37% of the company’s stock.

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.