Teacher Retirement System of Texas Sells 34,798 Shares of T-Mobile US, Inc. $TMUS

Teacher Retirement System of Texas lowered its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 15.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 195,856 shares of the Wireless communications provider’s stock after selling 34,798 shares during the quarter. Teacher Retirement System of Texas’ holdings in T-Mobile US were worth $46,665,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Activest Wealth Management raised its stake in 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 purchasing an additional 94 shares during the period. Stone House Investment Management LLC bought a new stake in T-Mobile US during the 1st quarter valued at approximately $29,000. TCTC Holdings LLC raised its stake in 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 purchasing an additional 77 shares during the period. Missouri Trust & Investment Co raised its stake in 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 purchasing an additional 105 shares during the period. Finally, N.E.W. Advisory Services LLC bought a new position in shares of T-Mobile US during the first quarter worth $47,000. Institutional investors own 42.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on TMUS shares. Weiss Ratings restated a “buy (b)” rating on shares of T-Mobile US in a research report on Friday. Rothschild & Co Redburn upgraded shares of T-Mobile US from a “sell” rating to a “neutral” rating and set a $228.00 target price for the company in a research report on Monday, July 7th. Wells Fargo & Company upgraded shares of T-Mobile US from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $250.00 to $260.00 in a research report on Thursday, October 16th. TD Cowen dropped their target price on shares of T-Mobile US from $291.00 to $263.00 and set a “buy” rating for the company in a research report on Friday. Finally, Barclays cut their price target on T-Mobile US from $250.00 to $240.00 and set an “overweight” rating for the company in a report on Friday. Three analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, T-Mobile US has an average rating of “Moderate Buy” and an average target price of $268.22.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $217.77 on Monday. The stock has a market capitalization of $243.58 billion, a PE ratio of 20.94, a P/E/G ratio of 1.48 and a beta of 0.59. The business has a 50 day simple moving average of $239.30 and a two-hundred day simple moving average of $240.52. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.89 and a quick ratio of 0.80. T-Mobile US, Inc. has a 1-year low of $208.39 and a 1-year high of $276.49.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $2.40 by $0.01. The firm had revenue of $21.96 billion during the quarter, compared to analysts’ expectations of $21.61 billion. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The company’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.61 EPS. On average, research analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be issued a $1.02 dividend. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.88. The ex-dividend date is Wednesday, November 26th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.9%. T-Mobile US’s dividend payout ratio (DPR) is presently 33.85%.

Insider Activity at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $250.87, for a total value of $17,520,760.80. Following the completion of the transaction, the director owned 636,271,724 shares in the company, valued at approximately $159,621,487,399.88. The trade was a 0.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders sold 2,319,837 shares of company stock valued at $559,130,799. 0.37% of the stock is currently owned by insiders.

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.