T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lowered its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 0.8% during the third quarter, Holdings Channel.com reports. The firm owned 215,820 shares of the Wireless communications provider’s stock after selling 1,754 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in T-Mobile US were worth $44,537,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. DT Investment Partners LLC grew its position in shares of T-Mobile US by 65.3% in the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 47 shares during the last quarter. Dunhill Financial LLC increased its position in shares of T-Mobile US by 76.7% during the third quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock worth $27,000 after purchasing an additional 56 shares in the last quarter. MFA Wealth Advisors LLC increased its position in shares of T-Mobile US by 128.3% during the third quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 77 shares in the last quarter. WASHINGTON TRUST Co lifted its holdings in shares of T-Mobile US by 143.1% in the 2nd quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 83 shares during the last quarter. Finally, Y.D. More Investments Ltd acquired a new stake in shares of T-Mobile US in the 2nd quarter valued at about $27,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Stock Down 6.1 %

TMUS opened at $228.86 on Tuesday. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99. The business has a 50 day simple moving average of $228.52 and a 200-day simple moving average of $201.51. The stock has a market capitalization of $265.59 billion, a P/E ratio of 26.10, a P/E/G ratio of 1.24 and a beta of 0.53. T-Mobile US, Inc. has a 12 month low of $153.84 and a 12 month high of $248.15.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, beating the consensus estimate of $2.32 by $0.29. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The business had revenue of $20.16 billion during the quarter, compared to analysts’ expectations of $20.01 billion. During the same period last year, the firm earned $1.82 EPS. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, equities analysts anticipate that T-Mobile US, Inc. will post 9.38 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Friday, February 28th will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.54%. The ex-dividend date is Friday, February 28th. T-Mobile US’s payout ratio is currently 40.14%.

Analysts Set New Price Targets

A number of analysts recently issued reports on TMUS shares. KeyCorp upped their target price on T-Mobile US from $230.00 to $252.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Evercore ISI upped their target price on T-Mobile US from $220.00 to $240.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Citigroup upped their target price on T-Mobile US from $210.00 to $254.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Bank of America upped their target price on T-Mobile US from $220.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, TD Cowen upped their target price on T-Mobile US from $216.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Three analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $244.33.

Insider Activity at T-Mobile US

In related news, insider Michael J. Katz sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $205.30, for a total value of $615,900.00. Following the completion of the transaction, the insider now directly owns 119,687 shares of the company’s stock, valued at $24,571,741.10. This trade represents a 2.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO G Michael Sievert sold 20,000 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $237.73, for a total value of $4,754,600.00. Following the transaction, the chief executive officer now directly owns 378,124 shares of the company’s stock, valued at $89,891,418.52. The trade was a 5.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 341,178 shares of company stock valued at $73,048,712 in the last ninety days. Corporate insiders own 0.67% of the company’s stock.

T-Mobile US Company 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.