New York State Common Retirement Fund Sells 24,600 Shares of T-Mobile US, Inc. $TMUS

New York State Common Retirement Fund lowered its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 4.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 558,929 shares of the Wireless communications provider’s stock after selling 24,600 shares during the period. New York State Common Retirement Fund’s holdings in T-Mobile US were worth $133,170,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. West Family Investments Inc. lifted its stake in shares of T-Mobile US by 14.8% during the 2nd quarter. West Family Investments Inc. now owns 6,163 shares of the Wireless communications provider’s stock valued at $1,468,000 after buying an additional 794 shares in the last quarter. F m Investments LLC purchased a new stake in shares of T-Mobile US during the second quarter worth about $1,604,000. Norges Bank purchased a new position in T-Mobile US in the 2nd quarter worth approximately $1,477,780,000. Crake Asset Management LLP bought a new position in T-Mobile US in the 2nd quarter worth approximately $160,945,000. Finally, Quadrature Capital Ltd purchased a new stake in T-Mobile US during the 2nd quarter valued at approximately $467,000. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Trading Up 1.2%

Shares of TMUS stock opened at $209.23 on Friday. The company has a market cap of $234.02 billion, a PE ratio of 20.12, a price-to-earnings-growth ratio of 1.51 and a beta of 0.57. T-Mobile US, Inc. has a 1 year low of $199.41 and a 1 year high of $276.49. The stock’s 50 day simple moving average is $220.29 and its two-hundred day simple moving average is $233.30. 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 (NASDAQ:TMUS) last released its quarterly earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.01. The company had revenue of $21.96 billion for the quarter, compared to analyst estimates of $21.61 billion. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.T-Mobile US’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.61 EPS. Research analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be paid a dividend of $1.02 per share. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.88. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Wednesday, November 26th. T-Mobile US’s payout ratio is currently 39.23%.

Analyst Upgrades and Downgrades

TMUS has been the subject of several research analyst reports. Cowen reaffirmed a “buy” rating on shares of T-Mobile US in a research note on Friday, October 24th. The Goldman Sachs Group initiated coverage on T-Mobile US in a research report on Tuesday, September 2nd. They issued a “buy” rating and a $286.00 target price on the stock. Morgan Stanley dropped their price target on T-Mobile US from $285.00 to $280.00 and set an “overweight” rating for the company in a research note on Friday, October 24th. Williams Trading set a $263.00 price objective on T-Mobile US in a research note on Friday, October 24th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on T-Mobile US from $280.00 to $300.00 in a report on Thursday, October 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $266.83.

Insiders Place Their Bets

In related news, CEO Srini Gopalan bought 9,800 shares of the company’s stock in a transaction on Thursday, November 6th. The shares were acquired at an average cost of $201.82 per share, for a total transaction of $1,977,836.00. Following the purchase, the chief executive officer directly owned 90,258 shares of the company’s stock, valued at approximately $18,215,869.56. The trade was a 12.18% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michael J. Katz sold 2,500 shares of T-Mobile US stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $215.91, for a total transaction of $539,775.00. Following the sale, the insider directly owned 156,203 shares of the company’s stock, valued at $33,725,789.73. This represents a 1.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 1,579,501 shares of company stock valued at $369,601,580. 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.