Maryland State Retirement & Pension System Sells 2,085 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Maryland State Retirement & Pension System trimmed its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 7.5% in the fourth quarter, Holdings Channel reports. The fund owned 25,820 shares of the Wireless communications provider’s stock after selling 2,085 shares during the quarter. Maryland State Retirement & Pension System’s holdings in T-Mobile US were worth $5,699,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Xponance Inc. boosted its position in T-Mobile US by 1.3% during the 4th quarter. Xponance Inc. now owns 70,442 shares of the Wireless communications provider’s stock worth $15,549,000 after buying an additional 873 shares during the period. Generali Asset Management SPA SGR acquired a new position in shares of T-Mobile US during the fourth quarter worth $3,453,000. Evoke Wealth LLC grew its stake in shares of T-Mobile US by 3.2% in the fourth quarter. Evoke Wealth LLC now owns 1,561 shares of the Wireless communications provider’s stock worth $345,000 after purchasing an additional 48 shares during the last quarter. Horizon Investments LLC increased its holdings in T-Mobile US by 2.6% in the fourth quarter. Horizon Investments LLC now owns 21,599 shares of the Wireless communications provider’s stock valued at $4,768,000 after purchasing an additional 547 shares during the period. Finally, Advisors Asset Management Inc. raised its position in T-Mobile US by 3.2% during the 4th quarter. Advisors Asset Management Inc. now owns 137,669 shares of the Wireless communications provider’s stock worth $30,388,000 after purchasing an additional 4,300 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insiders Place Their Bets

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total value of $191,990.00. Following the completion of the sale, the director now directly owns 3,291 shares of the company’s stock, valued at approximately $865,533. This represents a 18.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TMUS. Morgan Stanley began coverage on T-Mobile US in a research note on Monday, December 16th. They issued an “overweight” rating and a $280.00 price target for the company. Hsbc Global Res downgraded shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Scotiabank increased their price objective on shares of T-Mobile US from $247.00 to $275.00 and gave the stock a “sector perform” rating in a research report on Monday, March 3rd. Oppenheimer boosted their target price on shares of T-Mobile US from $250.00 to $275.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Finally, Barclays increased their price target on T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Ten equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $255.05.

T-Mobile US Trading Down 0.6 %

NASDAQ:TMUS opened at $259.25 on Thursday. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. T-Mobile US, Inc. has a one year low of $158.84 and a one year high of $276.49. The company has a market cap of $296.00 billion, a PE ratio of 26.81, a PEG ratio of 1.55 and a beta of 0.64. The firm has a 50-day moving average of $246.46 and a 200-day moving average of $229.77.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. As a group, equities research analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US’s dividend payout ratio (DPR) is presently 36.40%.

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.