T-Mobile US, Inc. $TMUS Stock: Maryland State Retirement & Pension System Raises Position

Maryland State Retirement & Pension System grew its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 13.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,175 shares of the Wireless communications provider’s stock after purchasing an additional 3,672 shares during the period. Maryland State Retirement & Pension System’s holdings in T-Mobile US were worth $4,921,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. NBH Bank boosted its position in shares of T-Mobile US by 8.1% during the third quarter. NBH Bank now owns 1,023 shares of the Wireless communications provider’s stock valued at $167,000 after buying an additional 77 shares during the last quarter. Joel Isaacson & Co. LLC increased its holdings in T-Mobile US by 10.8% in the 3rd quarter. Joel Isaacson & Co. LLC now owns 3,412 shares of the Wireless communications provider’s stock worth $556,000 after buying an additional 333 shares in the last quarter. Jacobi Capital Management LLC raised its position in T-Mobile US by 11.2% in the 3rd quarter. Jacobi Capital Management LLC now owns 1,784 shares of the Wireless communications provider’s stock worth $291,000 after buying an additional 180 shares during the last quarter. Machina Capital S.A.S. raised its position in T-Mobile US by 81.5% in the 3rd quarter. Machina Capital S.A.S. now owns 4,745 shares of the Wireless communications provider’s stock worth $774,000 after buying an additional 2,131 shares during the last quarter. Finally, Inspire Trust Co. N.A. raised its position in T-Mobile US by 27.3% in the 3rd quarter. Inspire Trust Co. N.A. now owns 28,000 shares of the Wireless communications provider’s stock worth $4,566,000 after buying an additional 6,000 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Down 0.7%

T-Mobile US stock opened at $171.03 on Friday. The stock has a market cap of $181.17 billion, a PE ratio of 16.51, a price-to-earnings-growth ratio of 0.99 and a beta of 0.40. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.78 and a current ratio of 0.91. T-Mobile US, Inc. has a one year low of $143.75 and a one year high of $224.75. The stock has a fifty day moving average of $163.96 and a 200 day moving average of $185.88.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Wednesday, October 28th. The Wireless communications provider reported $3.22 earnings per share for the quarter, beating analysts’ consensus estimates of $2.89 by $0.33. The company had revenue of $23.58 billion for the quarter, compared to the consensus estimate of $23.15 billion. T-Mobile US had a return on equity of 21.47% and a net margin of 12.05%. T-Mobile US’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.41 earnings per share. As a group, sell-side analysts predict that T-Mobile US, Inc. will post 11.50 EPS for the current year.

T-Mobile US Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 25th will be given a dividend of $1.17 per share. This represents a $4.68 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Wednesday, November 25th. This is an increase from T-Mobile US’s previous quarterly dividend of $1.02. T-Mobile US’s payout ratio is currently 39.38%.

Analysts Set New Price Targets

Several equities analysts have issued reports on TMUS shares. TD Cowen lowered their target price on shares of T-Mobile US from $260.00 to $258.00 and set a “buy” rating on the stock in a research note on Thursday, October 29th. JPMorgan Chase & Co. reduced their price target on shares of T-Mobile US from $260.00 to $235.00 and set an “overweight” rating for the company in a research note on Thursday, October 29th. Wolfe Research cut shares of T-Mobile US from an “outperform” rating to a “peer perform” rating in a report on Friday, August 14th. Royal Bank Of Canada lowered their price objective on shares of T-Mobile US from $240.00 to $230.00 and set an “outperform” rating on the stock in a research report on Monday, July 20th. Finally, Moffett Nathanson increased their price objective on shares of T-Mobile US from $242.00 to $246.00 and gave the company a “buy” rating in a research report on Tuesday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $235.13.

Insider Activity at T-Mobile US

In other news, CAO Daniel James Drobac sold 772 shares of the stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $178.33, for a total value of $137,670.76. Following the transaction, the chief accounting officer owned 35,118 shares in the company, valued at $6,262,592.94. This represents a 2.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.32% of the stock is owned by insiders.

About T-Mobile US

T-Mobile US, Inc. is a wireless communications provider serving consumers, businesses and government customers in the United States. Its services include wireless voice, messaging and data, as well as broadband internet delivered over its wireless network. The company offers service under the T-Mobile and Metro by T-Mobile brands. Its products and services include mobile plans, smartphones and other connected devices, home internet, and solutions for business customers. T-Mobile traces its roots to VoiceStream Wireless, which Deutsche Telekom acquired in 2001.