Teacher Retirement System of Texas Acquires 13,581 Shares of T-Mobile US, Inc. $TMUS

Teacher Retirement System of Texas grew its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 6.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 209,437 shares of the Wireless communications provider’s stock after purchasing an additional 13,581 shares during the quarter. Teacher Retirement System of Texas’ holdings in T-Mobile US were worth $50,135,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Allworth Financial LP lifted its position in T-Mobile US by 14.2% during the 2nd quarter. Allworth Financial LP now owns 6,530 shares of the Wireless communications provider’s stock worth $1,556,000 after acquiring an additional 810 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of T-Mobile US by 7.8% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 204,754 shares of the Wireless communications provider’s stock worth $49,014,000 after purchasing an additional 14,800 shares during the period. Associated Banc Corp lifted its position in shares of T-Mobile US by 50.6% during the 2nd quarter. Associated Banc Corp now owns 25,903 shares of the Wireless communications provider’s stock worth $6,172,000 after purchasing an additional 8,700 shares during the last quarter. OMERS ADMINISTRATION Corp boosted its stake in T-Mobile US by 930.5% during the 2nd quarter. OMERS ADMINISTRATION Corp now owns 195,267 shares of the Wireless communications provider’s stock valued at $46,524,000 after purchasing an additional 176,319 shares during the period. Finally, Citizens Financial Group Inc. RI boosted its stake in T-Mobile US by 6.7% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 61,675 shares of the Wireless communications provider’s stock valued at $14,764,000 after purchasing an additional 3,897 shares during the period. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Stock Up 1.0%

NASDAQ TMUS opened at $185.39 on Friday. T-Mobile US, Inc. has a 1-year low of $181.36 and a 1-year high of $276.49. The company has a market capitalization of $207.36 billion, a price-to-earnings ratio of 17.83, a PEG ratio of 1.01 and a beta of 0.45. The stock’s 50 day moving average is $200.66 and its two-hundred day moving average is $222.85. The company has a current ratio of 0.89, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results 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. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The business had revenue of $21.96 billion during the quarter, compared to the consensus estimate of $21.61 billion. During the same quarter last year, the company earned $2.61 EPS. T-Mobile US’s revenue was up 8.9% on a year-over-year basis. Equities analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Friday, February 27th will be given a dividend of $1.02 per share. The ex-dividend date is Friday, February 27th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.2%. T-Mobile US’s dividend payout ratio (DPR) is 39.23%.

Insider Activity

In other T-Mobile US news, CEO Srini Gopalan bought 9,800 shares of T-Mobile US stock in a transaction dated Thursday, November 6th. The shares were acquired at an average cost of $201.82 per share, with a total value of $1,977,836.00. Following the acquisition, the chief executive officer directly owned 90,258 shares of the company’s stock, valued at $18,215,869.56. The trade was a 12.18% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Telekom Ag Deutsche sold 64,426 shares of the firm’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $220.69, for a total value of $14,218,173.94. Following the sale, the director directly owned 582,120,756 shares of the company’s stock, valued at $128,468,229,641.64. This represents a 0.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 170,764 shares of company stock worth $37,483,463 over the last ninety days. Corporate insiders own 0.37% of the company’s stock.

Analysts Set New Price Targets

TMUS has been the subject of a number of research analyst reports. TD Cowen reiterated a “buy” rating on shares of T-Mobile US in a report on Friday, October 24th. The Goldman Sachs Group cut their target price on shares of T-Mobile US from $287.00 to $251.00 and set a “buy” rating for the company in a research note on Friday, December 12th. Barclays restated a “buy” rating on shares of T-Mobile US in a research report on Tuesday, January 13th. Wells Fargo & Company upgraded shares of T-Mobile US from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $250.00 to $260.00 in a research note on Thursday, October 16th. Finally, Benchmark restated a “buy” rating on shares of T-Mobile US in a research note on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and thirteen have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $257.76.

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.