T-Mobile US, Inc. $TMUS Shares Sold by Strs Ohio

Strs Ohio reduced its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 4.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 143,832 shares of the Wireless communications provider’s stock after selling 6,365 shares during the period. Strs Ohio’s holdings in T-Mobile US were worth $30,209,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Sei Investments Co. raised its holdings in shares of T-Mobile US by 6.3% in the 2nd quarter. Sei Investments Co. now owns 142,587 shares of the Wireless communications provider’s stock worth $33,972,000 after purchasing an additional 8,491 shares in the last quarter. Diversify Advisory Services LLC boosted its holdings in T-Mobile US by 315.7% during the second quarter. Diversify Advisory Services LLC now owns 4,548 shares of the Wireless communications provider’s stock worth $1,147,000 after buying an additional 3,454 shares in the last quarter. Darwin Wealth Management LLC bought a new stake in T-Mobile US during the second quarter worth approximately $375,000. Raymond James Financial Inc. grew its position in T-Mobile US by 0.5% in the second quarter. Raymond James Financial Inc. now owns 2,054,144 shares of the Wireless communications provider’s stock worth $489,420,000 after buying an additional 9,568 shares during the last quarter. Finally, Viking Global Investors LP grew its position in T-Mobile US by 81.7% in the second quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock worth $677,925,000 after buying an additional 1,279,422 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TMUS has been the subject of a number of recent research reports. Wall Street Zen upgraded T-Mobile US from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Deutsche Bank Aktiengesellschaft decreased their target price on T-Mobile US from $300.00 to $285.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. DZ Bank reaffirmed a “buy” rating on shares of T-Mobile US in a research report on Wednesday, May 6th. Freedom Capital raised T-Mobile US from a “hold” rating to a “strong-buy” rating in a report on Friday, April 17th. Finally, Moffett Nathanson upgraded T-Mobile US from a “neutral” rating to a “buy” rating and set a $254.00 price target for the company in a research report on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $260.27.

Insider Activity at T-Mobile US

In other T-Mobile US news, insider Andre Almeida acquired 5,097 shares of T-Mobile US stock in a transaction that occurred on Friday, May 1st. The stock was purchased at an average cost of $196.18 per share, with a total value of $999,929.46. Following the purchase, the insider owned 44,850 shares in the company, valued at approximately $8,798,673. The trade was a 12.82% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michael J. Katz sold 5,000 shares of T-Mobile US stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $195.81, for a total value of $979,050.00. Following the transaction, the insider directly owned 181,930 shares in the company, valued at approximately $35,623,713.30. This trade represents a 2.67% decrease in their position. The SEC filing for this sale provides additional information. 0.32% of the stock is owned by insiders.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $177.52 on Friday. The firm has a 50 day simple moving average of $186.09 and a 200 day simple moving average of $197.08. T-Mobile US, Inc. has a 52 week low of $165.66 and a 52 week high of $261.56. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.97 and a current ratio of 1.09. The company has a market cap of $192.11 billion, a PE ratio of 18.89, a price-to-earnings-growth ratio of 1.03 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.26. The firm had revenue of $23.11 billion for the quarter, compared to analysts’ expectations of $22.98 billion. T-Mobile US had a net margin of 11.65% and a return on equity of 19.47%. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the company posted $2.58 EPS. As a group, research analysts expect that T-Mobile US, Inc. will post 10.65 earnings per share for the current year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 28th will be issued a dividend of $1.02 per share. The ex-dividend date is Friday, August 28th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.3%. T-Mobile US’s payout ratio is currently 43.40%.

T-Mobile US Company Profile

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.