VIRGINIA RETIREMENT SYSTEMS ET Al Raises Stake in T-Mobile US, Inc. $TMUS

VIRGINIA RETIREMENT SYSTEMS ET Al increased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 7.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 269,600 shares of the Wireless communications provider’s stock after buying an additional 19,300 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in T-Mobile US were worth $64,537,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in TMUS. Howard Hughes Medical Institute bought a new stake in shares of T-Mobile US in the 2nd quarter worth approximately $25,000. Elevation Wealth Partners LLC increased its position in T-Mobile US by 190.0% during the 3rd quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 76 shares in the last quarter. Missouri Trust & Investment Co raised its stake in T-Mobile US by 807.7% during the second quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 105 shares during the last quarter. Aspect Partners LLC raised its stake 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 buying an additional 65 shares during the last quarter. Finally, CoreFirst Bank & Trust bought a new stake in T-Mobile US in the second quarter worth $31,000. Institutional investors own 42.49% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TMUS. Citigroup reduced their price target on T-Mobile US from $268.00 to $220.00 and set a “neutral” rating for the company in a report on Friday, December 19th. Rothschild Redb upgraded shares of T-Mobile US to a “hold” rating in a research note on Tuesday, September 30th. UBS Group reaffirmed a “buy” rating on shares of T-Mobile US in a report on Wednesday, December 10th. TD Cowen dropped their target price on shares of T-Mobile US from $291.00 to $263.00 and set a “buy” rating on the stock in a research note on Friday, October 24th. Finally, Raymond James Financial upgraded shares of T-Mobile US to a “hold” rating in a report on Wednesday, October 1st. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat, T-Mobile US presently has an average rating of “Moderate Buy” and an average target price of $260.17.

Insider Activity

In related news, Director Telekom Ag Deutsche sold 64,426 shares of the stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $226.17, for a total value of $14,571,228.42. Following the completion of the sale, the director directly owned 582,220,759 shares of the company’s stock, valued at approximately $131,680,869,063.03. This represents a 0.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last ninety days, insiders sold 786,175 shares of company stock worth $177,235,831. Insiders own 0.37% of the company’s stock.

T-Mobile US Price Performance

TMUS opened at $203.76 on Wednesday. The company’s 50-day simple moving average is $206.92 and its two-hundred day simple moving average is $227.20. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.89. The stock has a market capitalization of $227.90 billion, a P/E ratio of 19.59, a P/E/G ratio of 1.32 and a beta of 0.44. T-Mobile US, Inc. has a 52-week low of $194.01 and a 52-week high of $276.49.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 EPS for the quarter, topping the consensus estimate of $2.40 by $0.01. The company had revenue of $21.96 billion during the quarter, compared to analyst estimates of $21.61 billion. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.T-Mobile US’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.61 earnings per share. As a group, analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

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

About T-Mobile US

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.