3,466 T-Mobile US, Inc. $TMUS Shares Bought by Retirement Systems of Alabama

Retirement Systems of Alabama boosted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 3.5% in the third quarter, Holdings Channel.com reports. The firm owned 101,226 shares of the Wireless communications provider’s stock after acquiring an additional 3,466 shares during the period. Retirement Systems of Alabama’s holdings in T-Mobile US were worth $16,508,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fulcrum Asset Management LLP grew its holdings in shares of T-Mobile US by 27.8% during the third quarter. Fulcrum Asset Management LLP now owns 25,528 shares of the Wireless communications provider’s stock worth $4,161,000 after buying an additional 5,547 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in T-Mobile US by 7.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 24,650 shares of the Wireless communications provider’s stock valued at $3,987,000 after acquiring an additional 1,652 shares in the last quarter. RHL Group LLC lifted its stake in T-Mobile US by 214.1% in the 3rd quarter. RHL Group LLC now owns 311 shares of the Wireless communications provider’s stock valued at $51,000 after acquiring an additional 212 shares in the last quarter. Hohimer Wealth Management LLC lifted its position in shares of T-Mobile US by 44.9% in the third quarter. Hohimer Wealth Management LLC now owns 32,095 shares of the Wireless communications provider’s stock worth $5,234,000 after purchasing an additional 9,947 shares in the last quarter. Finally, University of Texas Texas AM Investment Management Co. boosted its stake in shares of T-Mobile US by 7,413.5% during the 3rd quarter. University of Texas Texas AM Investment Management Co. now owns 45,607 shares of the Wireless communications provider’s stock worth $7,438,000 after buying an additional 45,000 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Analyst Upgrades and Downgrades

TMUS has been the subject of several recent analyst reports. KeyCorp cut their price objective on T-Mobile US from $250.00 to $240.00 and set an “overweight” rating for the company in a report on Thursday, October 29th. Wells Fargo & Company reduced their target price on T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating for the company in a research note on Friday, July 24th. Barclays decreased their target price on T-Mobile US from $215.00 to $200.00 and set an “overweight” rating on the stock in a report on Tuesday, September 29th. JPMorgan Chase & Co. dropped their price target on T-Mobile US from $260.00 to $235.00 and set an “overweight” rating on the stock in a research note on Thursday, October 29th. Finally, Citigroup dropped their price target on T-Mobile US from $225.00 to $165.00 and set a “neutral” rating on the stock in a research note on Thursday, October 29th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $235.13.

Insider Activity at T-Mobile US

In other news, CAO Daniel James Drobac sold 772 shares of the company’s stock in a transaction that occurred on Thursday, September 10th. The stock was 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 of the company’s stock, valued at approximately $6,262,592.94. This represents a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.32% of the company’s stock.

T-Mobile US Stock Performance

Shares of TMUS stock opened at $171.03 on Friday. T-Mobile US, Inc. has a 52 week low of $143.75 and a 52 week high of $224.75. The company has a market capitalization of $181.17 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 0.99 and a beta of 0.40. The company has a 50-day simple moving average of $163.96 and a 200 day simple moving average of $185.88. 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 (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, October 28th. The Wireless communications provider reported $3.22 earnings per share for the quarter, beating the consensus estimate of $2.89 by $0.33. The firm had revenue of $23.58 billion for the quarter, compared to analysts’ expectations of $23.15 billion. T-Mobile US had a net margin of 12.05% and a return on equity of 21.47%. The business’s revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.41 EPS. On average, sell-side analysts predict that T-Mobile US, Inc. will post 11.50 earnings per share for the current year.

T-Mobile US Increases Dividend

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

T-Mobile US Company Profile

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.