Strs Ohio Sells 64,217 Shares of T-Mobile US, Inc. $TMUS

Strs Ohio trimmed its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 28.5% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 161,026 shares of the Wireless communications provider’s stock after selling 64,217 shares during the quarter. Strs Ohio’s holdings in T-Mobile US were worth $38,366,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Golden State Wealth Management LLC lifted its stake in shares of T-Mobile US by 68.3% in the 1st quarter. Golden State Wealth Management LLC now owns 345 shares of the Wireless communications provider’s stock valued at $92,000 after acquiring an additional 140 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in T-Mobile US in the first quarter worth $249,000. Clear Creek Financial Management LLC bought a new position in T-Mobile US in the first quarter worth $256,000. DAVENPORT & Co LLC raised its holdings in T-Mobile US by 42.7% in the first quarter. DAVENPORT & Co LLC now owns 52,298 shares of the Wireless communications provider’s stock worth $13,948,000 after purchasing an additional 15,652 shares in the last quarter. Finally, Aaron Wealth Advisors LLC increased its stake in shares of T-Mobile US by 11.3% in the 1st quarter. Aaron Wealth Advisors LLC now owns 2,485 shares of the Wireless communications provider’s stock worth $663,000 after acquiring an additional 253 shares in the last quarter. 42.49% of the stock is owned by institutional investors.

T-Mobile US Price Performance

NASDAQ TMUS opened at $210.65 on Friday. T-Mobile US, Inc. has a one year low of $208.39 and a one year high of $276.49. The stock has a 50-day moving average of $236.02 and a 200 day moving average of $239.52. The company has a market capitalization of $235.61 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 1.51 and a beta of 0.59. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.89.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly 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. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The firm had revenue of $21.96 billion during the quarter, compared to analyst estimates of $21.61 billion. During the same period in the previous year, the business posted $2.61 earnings per share. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. On average, sell-side analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Increases Dividend

The business 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 is a boost from T-Mobile US’s previous quarterly dividend of $0.88. 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 1.9%. T-Mobile US’s payout ratio is presently 39.23%.

Insider Buying and Selling

In other T-Mobile US news, Director Telekom Ag Deutsche sold 53,507 shares of T-Mobile US stock in a transaction that occurred on Tuesday, October 28th. The shares were sold at an average price of $220.77, for a total value of $11,812,740.39. Following the completion of the sale, the director owned 582,067,249 shares of the company’s stock, valued at approximately $128,502,986,561.73. The trade was a 0.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 2,321,367 shares of company stock valued at $556,657,060. Insiders own 0.37% of the company’s stock.

Analyst Upgrades and Downgrades

TMUS has been the subject of several research reports. Hsbc Global Res upgraded shares of T-Mobile US from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 24th. Daiwa Capital Markets lowered their price target on T-Mobile US from $240.00 to $230.00 and set a “neutral” rating for the company in a research report on Tuesday. Benchmark lifted their price target on T-Mobile US from $275.00 to $295.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. DZ Bank restated a “buy” rating on shares of T-Mobile US in a research note on Tuesday. Finally, Scotiabank raised their price objective on shares of T-Mobile US from $271.50 to $278.00 and gave the company a “sector outperform” rating in a research note on Monday, October 6th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $266.63.

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.