Teacher Retirement System of Texas Sells 81,113 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Teacher Retirement System of Texas reduced its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 34.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 153,293 shares of the Wireless communications provider’s stock after selling 81,113 shares during the quarter. Teacher Retirement System of Texas’ holdings in T-Mobile US were worth $33,836,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Arvest Investments Inc. increased its holdings in T-Mobile US by 2.2% in the 4th quarter. Arvest Investments Inc. now owns 4,828 shares of the Wireless communications provider’s stock valued at $1,066,000 after acquiring an additional 103 shares during the last quarter. Harvest Fund Management Co. Ltd increased its holdings in T-Mobile US by 25.3% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 74,715 shares of the Wireless communications provider’s stock valued at $16,492,000 after acquiring an additional 15,066 shares during the last quarter. Vinva Investment Management Ltd increased its holdings in T-Mobile US by 186.6% in the 4th quarter. Vinva Investment Management Ltd now owns 17,393 shares of the Wireless communications provider’s stock valued at $3,838,000 after acquiring an additional 11,325 shares during the last quarter. Xponance Inc. increased its holdings in T-Mobile US by 1.3% in the 4th quarter. Xponance Inc. now owns 70,442 shares of the Wireless communications provider’s stock valued at $15,549,000 after acquiring an additional 873 shares during the last quarter. Finally, Generali Asset Management SPA SGR bought a new stake in T-Mobile US in the 4th quarter valued at $3,453,000. 42.49% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Srikant M. Datar sold 730 shares of the business’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 owns 3,291 shares in the company, valued at approximately $865,533. The trade was a 18.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.67% of the company’s stock.

T-Mobile US Price Performance

T-Mobile US stock opened at $257.03 on Friday. The stock has a market cap of $293.46 billion, a price-to-earnings ratio of 26.58, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64. 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 1 year low of $158.84 and a 1 year high of $276.49. The firm has a 50-day moving average of $247.29 and a two-hundred day moving average of $229.96.

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

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 annualized dividend and a dividend yield of 1.37%. T-Mobile US’s dividend payout ratio is currently 36.40%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Wells Fargo & Company reissued an “equal weight” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Morgan Stanley assumed coverage on shares of T-Mobile US in a research note on Monday, December 16th. They issued an “overweight” rating and a $280.00 price objective for the company. Bank of America lifted their price objective on shares of T-Mobile US from $240.00 to $255.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Citigroup cut shares of T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 price objective for the company. in a research note on Friday, March 14th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of T-Mobile US from $265.00 to $270.00 and gave the stock an “overweight” rating in a research note on Tuesday. Ten investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $255.05.

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.