New York State Teachers Retirement System Has $80.12 Million Stock Position in T-Mobile US, Inc. $TMUS

New York State Teachers Retirement System lessened its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 2.3% in the 1st quarter, Holdings Channel reports. The firm owned 381,462 shares of the Wireless communications provider’s stock after selling 8,952 shares during the quarter. New York State Teachers Retirement System’s holdings in T-Mobile US were worth $80,118,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new position in T-Mobile US during the fourth quarter valued at about $1,335,918,000. Price T Rowe Associates Inc. MD boosted its stake in shares of T-Mobile US by 30.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,795,065 shares of the Wireless communications provider’s stock worth $5,643,511,000 after acquiring an additional 6,516,968 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of T-Mobile US by 47.5% during the 3rd quarter. Wellington Management Group LLP now owns 13,461,669 shares of the Wireless communications provider’s stock valued at $3,222,454,000 after acquiring an additional 4,335,368 shares during the last quarter. Dodge & Cox increased its holdings in shares of T-Mobile US by 65.2% during the 4th quarter. Dodge & Cox now owns 6,185,972 shares of the Wireless communications provider’s stock valued at $1,256,000,000 after acquiring an additional 2,442,450 shares during the last quarter. Finally, Viking Global Investors LP increased its holdings in shares of T-Mobile US by 81.7% during the 2nd quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock valued at $677,925,000 after acquiring an additional 1,279,422 shares during the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

T-Mobile US Stock Performance

TMUS opened at $177.52 on Friday. The stock has a market cap of $192.11 billion, a PE ratio of 18.89, a P/E/G ratio of 1.01 and a beta of 0.33. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.58. T-Mobile US, Inc. has a 1 year low of $165.66 and a 1 year high of $261.56. The stock’s 50 day simple moving average is $186.32 and its 200-day simple moving average is $197.22.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 EPS for the quarter, beating analysts’ consensus estimates of $2.01 by $0.26. The business had revenue of $23.11 billion during the quarter, compared to analyst estimates of $22.98 billion. T-Mobile US had a return on equity of 19.47% and a net margin of 11.65%.T-Mobile US’s revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the company posted $2.58 earnings per share. Sell-side analysts forecast that T-Mobile US, Inc. will post 10.65 EPS for the current year.

T-Mobile US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 28th will be paid a $1.02 dividend. The ex-dividend date is Friday, August 28th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.3%. T-Mobile US’s dividend payout ratio is currently 43.40%.

Analyst Ratings Changes

TMUS has been the subject of several analyst reports. Royal Bank Of Canada reduced their target price on T-Mobile US from $255.00 to $240.00 and set an “outperform” rating for the company in a report on Wednesday, April 29th. The Goldman Sachs Group reiterated a “buy” rating on shares of T-Mobile US in a report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of T-Mobile US from $300.00 to $285.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. UBS Group decreased their price objective on shares of T-Mobile US from $300.00 to $255.00 and set a “buy” rating for the company in a report on Monday, June 22nd. Finally, DZ Bank reiterated a “buy” rating on shares of T-Mobile US in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $260.27.

Insider Activity

In other T-Mobile US news, insider Andre Almeida acquired 5,097 shares of T-Mobile US stock in a transaction dated Friday, May 1st. The stock was bought at an average cost of $196.18 per share, with a total value of $999,929.46. Following the acquisition, the insider owned 44,850 shares of the company’s stock, valued at approximately $8,798,673. The trade was a 12.82% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael J. Katz sold 5,000 shares of T-Mobile US stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $195.81, for a total transaction of $979,050.00. Following the sale, the insider owned 181,930 shares in the company, valued at approximately $35,623,713.30. This trade represents a 2.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.32% of the company’s stock.

T-Mobile US Profile

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.