3,672 T-Mobile US, Inc. $TMUS Shares Purchased by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System grew its holdings in shares of 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 (SEC). The firm owned 30,175 shares of the Wireless communications provider’s stock after acquiring 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 filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Main Street Group LTD purchased a new position in T-Mobile US during the first quarter valued at $25,000. Paladin Partners LLC bought a new stake in T-Mobile US during the second quarter valued at about $25,000. Dunhill Financial LLC purchased a new stake in T-Mobile US in the second quarter worth about $27,000. Cornerstone Planning Group LLC increased its position in T-Mobile US by 112.2% in the first quarter. Cornerstone Planning Group LLC now owns 174 shares of the Wireless communications provider’s stock worth $34,000 after buying an additional 92 shares in the last quarter. Finally, Highland Investment Advisors LLC purchased a new stake in T-Mobile US in the second quarter worth about $30,000. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. The Goldman Sachs Group decreased their price objective on T-Mobile US from $230.00 to $211.00 and set a “buy” rating on the stock in a research note on Friday, September 25th. Wells Fargo & Company cut their price objective 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. Moffett Nathanson increased their target price on shares of T-Mobile US from $242.00 to $246.00 and gave the stock a “buy” rating in a report on Tuesday, September 22nd. Wolfe Research lowered shares of T-Mobile US from an “outperform” rating to a “peer perform” rating in a report on Friday, August 14th. Finally, Scotiabank raised their target price on shares of T-Mobile US from $212.00 to $214.00 and gave the stock a “sector outperform” rating in a research note on Thursday, October 29th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $235.13.

T-Mobile US Trading Down 0.7%

Shares of TMUS opened at $171.03 on Friday. The firm has a market cap of $181.17 billion, a P/E 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 current ratio of 0.91 and a quick ratio of 0.78. T-Mobile US, Inc. has a 1 year low of $143.75 and a 1 year high of $224.75. The company has a 50 day simple moving average of $163.96 and a two-hundred day simple moving average of $185.88.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, October 28th. The Wireless communications provider reported $3.22 EPS for the quarter, topping the consensus estimate of $2.89 by $0.33. T-Mobile US had a net margin of 12.05% and a return on equity of 21.47%. The firm had revenue of $23.58 billion for the quarter, compared to the consensus estimate of $23.15 billion. During the same quarter in the previous year, the firm earned $2.41 earnings per share. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. On average, equities analysts expect that T-Mobile US, Inc. will post 11.50 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

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

Insider Transactions at T-Mobile US

In other T-Mobile US news, CAO Daniel James Drobac sold 772 shares of the business’s stock in a transaction 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 sale, the chief accounting officer owned 35,118 shares in the company, valued at $6,262,592.94. The trade was a 2.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.32% of the company’s stock.

T-Mobile US 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.