T-Mobile US, Inc. (NASDAQ:TMUS) Holdings Lifted by Arizona State Retirement System

Arizona State Retirement System boosted its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 0.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 151,849 shares of the Wireless communications provider’s stock after buying an additional 262 shares during the period. Arizona State Retirement System’s holdings in T-Mobile US were worth $33,518,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Farther Finance Advisors LLC grew its position in T-Mobile US by 34.7% during the third quarter. Farther Finance Advisors LLC now owns 3,778 shares of the Wireless communications provider’s stock valued at $780,000 after purchasing an additional 974 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of T-Mobile US by 146.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 158,744 shares of the Wireless communications provider’s stock valued at $32,758,000 after acquiring an additional 94,242 shares in the last quarter. Intact Investment Management Inc. increased its stake in shares of T-Mobile US by 7.0% in the third quarter. Intact Investment Management Inc. now owns 5,340 shares of the Wireless communications provider’s stock worth $1,102,000 after acquiring an additional 350 shares during the last quarter. Hazlett Burt & Watson Inc. raised its holdings in shares of T-Mobile US by 49.6% during the third quarter. Hazlett Burt & Watson Inc. now owns 1,396 shares of the Wireless communications provider’s stock worth $287,000 after acquiring an additional 463 shares in the last quarter. Finally, ASB Consultores LLC acquired a new stake in shares of T-Mobile US during the 3rd quarter valued at about $254,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $264.65 on Wednesday. T-Mobile US, Inc. has a 1-year low of $158.84 and a 1-year high of $276.49. The company has a 50 day moving average of $237.38 and a 200-day moving average of $225.22. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. The firm has a market cap of $302.16 billion, a price-to-earnings ratio of 27.37, a PEG ratio of 1.55 and a beta of 0.56.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, topping the consensus estimate of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. On average, equities analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.33%. T-Mobile US’s payout ratio is currently 36.40%.

Insider Activity

In other news, Director Andre Almeida bought 3,808 shares of the business’s stock in a transaction on Monday, December 9th. The shares were bought at an average cost of $235.72 per share, for a total transaction of $897,621.76. Following the completion of the acquisition, the director now owns 3,808 shares in the company, valued at approximately $897,621.76. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Letitia A. Long sold 1,100 shares of T-Mobile US stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $231.08, for a total value of $254,188.00. Following the transaction, the director now owns 5,653 shares in the company, valued at $1,306,295.24. This trade represents a 16.29 % decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TMUS. Scotiabank increased their price target on shares of T-Mobile US from $247.00 to $275.00 and gave the stock a “sector perform” rating in a research note on Monday. Barclays raised their target price on T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Morgan Stanley started coverage on T-Mobile US in a research note on Monday, December 16th. They set an “overweight” rating and a $280.00 price target for the company. Benchmark reissued a “buy” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Finally, Sanford C. Bernstein began coverage on T-Mobile US in a research report on Tuesday, December 10th. They set a “market perform” rating and a $265.00 target price for the company. Seven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, T-Mobile US currently has a consensus rating of “Moderate Buy” and an average target price of $253.26.

T-Mobile US Profile

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.