Oregon Public Employees Retirement Fund Sells 47 Shares of T-Mobile US, Inc. $TMUS

Oregon Public Employees Retirement Fund cut its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 0.1% during the second quarter, HoldingsChannel reports. The firm owned 41,158 shares of the Wireless communications provider’s stock after selling 47 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in T-Mobile US were worth $9,806,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC lifted its holdings in shares of T-Mobile US by 10.2% in the 1st quarter. GAMMA Investing LLC now owns 11,449 shares of the Wireless communications provider’s stock worth $3,054,000 after acquiring an additional 1,059 shares during the last quarter. Focus Financial Network Inc. bought a new stake in T-Mobile US in the first quarter worth about $262,000. Everhart Financial Group Inc. boosted its position in shares of T-Mobile US by 5.9% during the first quarter. Everhart Financial Group Inc. now owns 1,415 shares of the Wireless communications provider’s stock valued at $377,000 after buying an additional 79 shares during the period. CVA Family Office LLC grew its stake in shares of T-Mobile US by 11.6% during the first quarter. CVA Family Office LLC now owns 1,098 shares of the Wireless communications provider’s stock valued at $293,000 after buying an additional 114 shares during the last quarter. Finally, Stock Yards Bank & Trust Co. bought a new position in shares of T-Mobile US during the first quarter valued at approximately $231,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Wall Street Analyst Weigh In

TMUS has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their target price on T-Mobile US from $280.00 to $300.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 30th. Rothschild & Co Redburn upgraded shares of T-Mobile US from a “sell” rating to a “neutral” rating and set a $228.00 target price on the stock in a research note on Monday, July 7th. KeyCorp reaffirmed an “underweight” rating and set a $200.00 price target on shares of T-Mobile US in a research note on Wednesday, July 9th. Rothschild Redb upgraded T-Mobile US to a “hold” rating in a report on Tuesday, September 30th. Finally, Scotiabank raised their price objective on T-Mobile US from $271.50 to $278.00 and gave the stock a “sector outperform” rating in a report on Monday, October 6th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $265.13.

T-Mobile US Price Performance

TMUS opened at $228.79 on Monday. The firm has a market capitalization of $257.48 billion, a PE ratio of 21.58, a price-to-earnings-growth ratio of 1.56 and a beta of 0.59. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.13. The business’s 50-day moving average is $243.36 and its two-hundred day moving average is $242.71. T-Mobile US, Inc. has a 1 year low of $208.39 and a 1 year high of $276.49.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, beating analysts’ consensus estimates of $2.69 by $0.15. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The business had revenue of $21.13 billion for the quarter, compared to analysts’ expectations of $20.99 billion. During the same period last year, the business earned $2.49 EPS. The company’s revenue was up 6.9% compared to the same quarter last year. Research analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be paid a $1.02 dividend. This is a boost from T-Mobile US’s previous quarterly dividend of $0.88. The ex-dividend date is Wednesday, November 26th. This represents a $4.08 dividend on an annualized basis and a yield of 1.8%. T-Mobile US’s dividend payout ratio (DPR) is 38.49%.

Insider Buying and Selling at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 64,426 shares of the firm’s stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of $226.17, for a total value of $14,571,228.42. Following the completion of the transaction, the director owned 628,039,751 shares in the company, valued at $142,043,750,483.67. This trade represents a 0.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold 2,359,321 shares of company stock worth $570,950,708 over the last 90 days. 0.37% of the stock is owned by insiders.

About T-Mobile US

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.