T-Mobile US, Inc. $TMUS Stock Position Lowered by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund trimmed its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 2.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 125,865 shares of the Wireless communications provider’s stock after selling 3,636 shares during the period. Illinois Municipal Retirement Fund’s holdings in T-Mobile US were worth $20,526,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TMUS. Legacy Wealth Asset Management LLC grew its stake in T-Mobile US by 1.2% in the 2nd quarter. Legacy Wealth Asset Management LLC now owns 4,844 shares of the Wireless communications provider’s stock valued at $812,000 after acquiring an additional 56 shares during the period. Heartland Bank & Trust Co increased its holdings in T-Mobile US by 3.5% in the 1st quarter. Heartland Bank & Trust Co now owns 1,841 shares of the Wireless communications provider’s stock worth $387,000 after acquiring an additional 62 shares in the last quarter. CGN Advisors LLC raised its position in T-Mobile US by 0.6% during the second quarter. CGN Advisors LLC now owns 10,909 shares of the Wireless communications provider’s stock worth $1,830,000 after acquiring an additional 64 shares during the period. GAMMA Investing LLC raised its position in T-Mobile US by 0.5% during the third quarter. GAMMA Investing LLC now owns 12,108 shares of the Wireless communications provider’s stock worth $1,975,000 after acquiring an additional 66 shares during the period. Finally, City State Bank raised its position in T-Mobile US by 21.7% during the third quarter. City State Bank now owns 382 shares of the Wireless communications provider’s stock worth $62,000 after acquiring an additional 68 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insider Activity

In other news, CAO Daniel James Drobac sold 772 shares of the company’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $178.33, for a total transaction of $137,670.76. Following the completion of the sale, the chief accounting officer owned 35,118 shares of the company’s stock, valued at $6,262,592.94. This represents a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.32% of the stock is owned by insiders.

Wall Street Analyst Weigh In

TMUS has been the topic of several recent analyst reports. Wolfe Research downgraded shares of T-Mobile US from an “outperform” rating to a “peer perform” rating in a report on Friday, August 14th. UBS Group cut their target price on shares of T-Mobile US from $255.00 to $235.00 and set a “buy” rating for the company in a research note on Friday, July 24th. TD Cowen reduced their price target on shares of T-Mobile US from $260.00 to $258.00 and set a “buy” rating for the company in a research report on Thursday, October 29th. Barclays reduced their price target on shares of T-Mobile US from $215.00 to $200.00 and set an “overweight” rating for the company in a research report on Tuesday, September 29th. Finally, Scotiabank raised their price target on shares of T-Mobile US from $212.00 to $214.00 and gave the company a “sector outperform” rating in a research note on Thursday, October 29th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $235.13.

T-Mobile US Stock Performance

Shares of NASDAQ:TMUS opened at $169.08 on Wednesday. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.91 and a quick ratio of 0.78. The business’s 50 day moving average price is $164.48 and its 200-day moving average price is $186.03. The firm has a market capitalization of $179.10 billion, a PE ratio of 16.32, a P/E/G ratio of 0.97 and a beta of 0.40. T-Mobile US, Inc. has a 1 year low of $143.75 and a 1 year high of $224.75.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, October 28th. The Wireless communications provider reported $3.22 EPS for the quarter, beating the consensus estimate of $2.89 by $0.33. T-Mobile US had a return on equity of 21.47% and a net margin of 12.05%. The firm had revenue of $23.58 billion during the quarter, compared to the consensus estimate of $23.15 billion. During the same period in the prior year, the company earned $2.41 EPS. The firm’s revenue was up 7.4% compared to the same quarter last year. As a group, equities research analysts expect that T-Mobile US, Inc. will post 11.50 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Wednesday, November 25th will be paid a dividend of $1.17 per share. This is a boost from T-Mobile US’s previous quarterly dividend of $1.02. The ex-dividend date of this dividend is Wednesday, November 25th. This represents a $4.68 annualized dividend and a yield of 2.8%. T-Mobile US’s dividend payout ratio is presently 45.17%.

About T-Mobile US

T-Mobile US, Inc. is a wireless communications provider serving consumers, businesses and government customers in the United States. Its services include wireless voice, messaging and data, as well as broadband internet delivered over its wireless network. The company offers service under the T-Mobile and Metro by T-Mobile brands. Its products and services include mobile plans, smartphones and other connected devices, home internet, and solutions for business customers. T-Mobile traces its roots to VoiceStream Wireless, which Deutsche Telekom acquired in 2001.