New York State Teachers Retirement System Has $96.09 Million Stake in T-Mobile US, Inc. $TMUS

by · The Cerbat Gem

New York State Teachers Retirement System reduced its stake in T-Mobile US, Inc. (NASDAQ:TMUSFree Report) by 0.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 401,420 shares of the Wireless communications provider’s stock after selling 3,193 shares during the quarter. New York State Teachers Retirement System’s holdings in T-Mobile US were worth $96,092,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Howard Hughes Medical Institute bought a new position in shares of T-Mobile US during the 2nd quarter worth about $25,000. Missouri Trust & Investment Co raised its position in T-Mobile US by 807.7% in the second quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 105 shares in the last quarter. Elevation Wealth Partners LLC lifted its stake in T-Mobile US by 190.0% during the third quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 76 shares during the period. Aspect Partners LLC boosted its holdings in T-Mobile US by 112.1% during the second quarter. Aspect Partners LLC now owns 123 shares of the Wireless communications provider’s stock valued at $29,000 after purchasing an additional 65 shares in the last quarter. Finally, CoreFirst Bank & Trust bought a new stake in shares of T-Mobile US in the 2nd quarter valued at approximately $31,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insiders Place Their Bets

In other T-Mobile US news, Director G Michael Sievert sold 22,500 shares of the firm’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $216.97, for a total value of $4,881,825.00. Following the transaction, the director directly owned 308,696 shares of the company’s stock, valued at approximately $66,977,771.12. This trade represents a 6.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Srini Gopalan bought 9,800 shares of the firm’s stock in a transaction dated Thursday, November 6th. The shares were acquired at an average cost of $201.82 per share, with a total value of $1,977,836.00. Following the completion of the transaction, the chief executive officer owned 90,258 shares of the company’s stock, valued at $18,215,869.56. This represents a 12.18% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders sold 528,471 shares of company stock valued at $118,633,941. 0.37% of the stock is currently owned by corporate insiders.

T-Mobile US Trading Up 1.3%

TMUS opened at $200.56 on Friday. The company has a market cap of $224.33 billion, a P/E ratio of 19.28, a PEG ratio of 1.17 and a beta of 0.45. The company has a current ratio of 0.89, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37. The company’s 50 day moving average is $204.11 and its 200-day moving average is $225.81. T-Mobile US, Inc. has a 1-year low of $194.01 and a 1-year high of $276.49.

T-Mobile US (NASDAQ:TMUSGet Free Report) last released its quarterly earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.01. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The firm had revenue of $21.96 billion during the quarter, compared to the consensus estimate of $21.61 billion. During the same quarter last year, the firm earned $2.61 earnings per share. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. Equities research analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Friday, February 27th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $4.08 annualized dividend and a yield of 2.0%. T-Mobile US’s dividend payout ratio is currently 39.23%.

Analysts Set New Price Targets

TMUS has been the topic of a number of analyst reports. Moffett Nathanson upped their price target on T-Mobile US from $210.00 to $230.00 and gave the company a “neutral” rating in a research report on Thursday, October 2nd. Citigroup decreased their price objective on shares of T-Mobile US from $268.00 to $220.00 and set a “neutral” rating on the stock in a research note on Friday, December 19th. BNP Paribas Exane lifted their target price on shares of T-Mobile US from $290.00 to $305.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. Wells Fargo & Company upgraded T-Mobile US from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $250.00 to $260.00 in a research report on Thursday, October 16th. Finally, Argus cut their price objective on T-Mobile US from $275.00 to $245.00 and set a “buy” rating for the company in a research report on Tuesday, December 9th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $260.17.

View Our Latest Stock Analysis on TMUS

T-Mobile US Profile

(Free Report)

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.

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