New York State Common Retirement Fund Sells 41,300 Shares of T-Mobile US, Inc. $TMUS

New York State Common Retirement Fund reduced its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 7.4% during the third quarter, HoldingsChannel reports. The firm owned 517,629 shares of the Wireless communications provider’s stock after selling 41,300 shares during the quarter. New York State Common Retirement Fund’s holdings in T-Mobile US were worth $123,910,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Howard Hughes Medical Institute acquired a new stake in T-Mobile US during the 2nd quarter worth approximately $25,000. Elevation Wealth Partners LLC boosted its position in shares of T-Mobile US by 190.0% during the 3rd quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 76 shares in the last quarter. Aspect Partners LLC grew its position in shares of T-Mobile US by 112.1% during the 2nd quarter. Aspect Partners LLC now owns 123 shares of the Wireless communications provider’s stock worth $29,000 after buying an additional 65 shares during the period. CoreFirst Bank & Trust bought a new stake in T-Mobile US in the second quarter valued at $31,000. Finally, City Holding Co. grew its stake in T-Mobile US by 48.4% in the third quarter. City Holding Co. now owns 141 shares of the Wireless communications provider’s stock valued at $34,000 after acquiring an additional 46 shares during the period. Institutional investors own 42.49% of the company’s stock.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Letitia A. Long sold 1,457 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $210.32, for a total transaction of $306,436.24. Following the completion of the transaction, the director owned 5,438 shares of the company’s stock, valued at approximately $1,143,720.16. This trade represents a 21.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director G Michael Sievert sold 22,500 shares of the company’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $216.97, for a total transaction of $4,881,825.00. Following the completion of the transaction, the director owned 308,696 shares in the company, valued at approximately $66,977,771.12. The trade was a 6.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 51,457 shares of company stock valued at $11,149,636 in the last three months. Company insiders own 0.37% of the company’s stock.

T-Mobile US Stock Up 1.0%

NASDAQ TMUS opened at $186.25 on Thursday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.89 and a quick ratio of 0.80. The stock has a market capitalization of $208.32 billion, a PE ratio of 17.91, a PEG ratio of 1.02 and a beta of 0.45. The business’s 50-day moving average is $198.43 and its 200 day moving average is $221.49. T-Mobile US, Inc. has a 1 year low of $181.36 and a 1 year high of $276.49.

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Friday, February 27th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Friday, February 27th. T-Mobile US’s payout ratio is presently 39.23%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TMUS. Argus lowered their price objective on shares of T-Mobile US from $275.00 to $245.00 and set a “buy” rating on the stock in a report on Tuesday, December 9th. Hsbc Global Res upgraded T-Mobile US from a “hold” rating to a “strong-buy” rating in a report on Friday, October 24th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of T-Mobile US in a research note on Monday, December 15th. BNP Paribas Exane reduced their price objective on T-Mobile US from $300.00 to $275.00 and set an “outperform” rating for the company in a report on Friday, January 16th. Finally, Benchmark restated a “buy” rating on shares of T-Mobile US in a research note on Wednesday, January 21st. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat, T-Mobile US currently has an average rating of “Moderate Buy” and a consensus price target of $256.36.

About T-Mobile US

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.