Employees Retirement System of Texas Cuts Stock Holdings in T-Mobile US, Inc. $TMUS

Employees Retirement System of Texas reduced its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 1.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 299,836 shares of the Wireless communications provider’s stock after selling 4,500 shares during the period. Employees Retirement System of Texas’ holdings in T-Mobile US were worth $60,879,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in TMUS. Sei Investments Co. grew its stake in shares of T-Mobile US by 6.3% in the 2nd quarter. Sei Investments Co. now owns 142,587 shares of the Wireless communications provider’s stock worth $33,972,000 after buying an additional 8,491 shares in the last quarter. Diversify Advisory Services LLC grew its stake in shares of T-Mobile US by 315.7% in the 2nd quarter. Diversify Advisory Services LLC now owns 4,548 shares of the Wireless communications provider’s stock worth $1,147,000 after buying an additional 3,454 shares in the last quarter. Darwin Wealth Management LLC purchased a new position in shares of T-Mobile US in the 2nd quarter worth $375,000. Raymond James Financial Inc. grew its stake in shares of T-Mobile US by 0.5% in the 2nd quarter. Raymond James Financial Inc. now owns 2,054,144 shares of the Wireless communications provider’s stock worth $489,420,000 after buying an additional 9,568 shares in the last quarter. Finally, Viking Global Investors LP grew its stake in shares of T-Mobile US by 81.7% in the 2nd quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock worth $677,925,000 after buying an additional 1,279,422 shares in the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Andre Almeida bought 5,097 shares of the stock in a transaction dated Friday, May 1st. The stock was purchased at an average price of $196.18 per share, for a total transaction of $999,929.46. Following the acquisition, the insider owned 44,850 shares of the company’s stock, valued at $8,798,673. The trade was a 12.82% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michael J. Katz sold 5,000 shares of the firm’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $195.81, for a total transaction of $979,050.00. Following the completion of the sale, the insider owned 181,930 shares of the company’s stock, valued at $35,623,713.30. This trade represents a 2.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 13,090 shares of company stock worth $2,618,500 over the last 90 days. Insiders own 0.37% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on TMUS. Royal Bank Of Canada dropped their price objective on shares of T-Mobile US from $255.00 to $240.00 and set an “outperform” rating for the company in a research note on Wednesday, April 29th. The Goldman Sachs Group reissued a “buy” rating on shares of T-Mobile US in a research note on Wednesday, April 29th. Freedom Capital raised shares of T-Mobile US from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 17th. Citigroup lifted their price objective on shares of T-Mobile US from $220.00 to $225.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 17th. Finally, Wall Street Zen upgraded shares of T-Mobile US from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $260.48.

T-Mobile US Price Performance

T-Mobile US stock opened at $191.11 on Wednesday. The firm has a 50-day moving average price of $197.68 and a 200-day moving average price of $202.03. The firm has a market capitalization of $206.82 billion, a PE ratio of 20.33, a price-to-earnings-growth ratio of 1.11 and a beta of 0.33. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.58. T-Mobile US, Inc. has a 12-month low of $181.36 and a 12-month high of $261.56.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.26. The firm had revenue of $23.11 billion during the quarter, compared to analyst estimates of $22.98 billion. T-Mobile US had a net margin of 11.65% and a return on equity of 19.47%. The business’s revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the business earned $2.58 EPS. As a group, equities research analysts forecast that T-Mobile US, Inc. will post 10.65 EPS for the current year.

T-Mobile US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 29th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Friday, May 29th. T-Mobile US’s dividend payout ratio (DPR) is 43.40%.

T-Mobile US Profile

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.