State of New Jersey Common Pension Fund D Reduces Holdings in T-Mobile US, Inc. $TMUS

State of New Jersey Common Pension Fund D lowered its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 12.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 155,852 shares of the Wireless communications provider’s stock after selling 21,627 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in T-Mobile US were worth $37,133,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Activest Wealth Management lifted its holdings in T-Mobile US by 9,400.0% in the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock worth $25,000 after buying an additional 94 shares during the period. Missouri Trust & Investment Co lifted its holdings in T-Mobile US by 807.7% in the 2nd quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 105 shares during the period. Stone House Investment Management LLC purchased a new stake in T-Mobile US in the 1st quarter worth approximately $29,000. TCTC Holdings LLC lifted its holdings in T-Mobile US by 208.1% in the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider’s stock worth $30,000 after buying an additional 77 shares during the period. Finally, Tsfg LLC purchased a new stake in T-Mobile US in the 1st quarter worth approximately $47,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Analysts Set New Price Targets

TMUS has been the subject of several research reports. HSBC raised T-Mobile US from a “hold” rating to a “buy” rating and set a $285.00 target price for the company in a research report on Friday. Bank of America initiated coverage on T-Mobile US in a research report on Monday, July 7th. They issued a “neutral” rating and a $255.00 target price for the company. BNP Paribas Exane increased their target price on T-Mobile US from $290.00 to $305.00 and gave the stock an “outperform” rating in a research report on Monday, October 6th. Rothschild Redb raised T-Mobile US to a “hold” rating in a research report on Tuesday, September 30th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on T-Mobile US from $280.00 to $300.00 in a research report on Thursday, October 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $268.22.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 64,426 shares of T-Mobile US stock in a transaction on Wednesday, October 22nd. 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 sale, the director owned 582,220,759 shares of the company’s stock, valued at approximately $131,680,869,063.03. This trade represents a 0.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders sold 2,389,677 shares of company stock valued at $575,795,321. 0.37% of the stock is currently owned by company insiders.

T-Mobile US Stock Down 1.0%

TMUS stock opened at $217.77 on Friday. T-Mobile US, Inc. has a twelve month low of $208.39 and a twelve month high of $276.49. The company has a quick ratio of 1.13, a current ratio of 0.89 and a debt-to-equity ratio of 1.37. The firm has a market cap of $245.08 billion, a PE ratio of 20.94, a price-to-earnings-growth ratio of 1.51 and a beta of 0.59. The business has a 50 day moving average of $239.30 and a 200 day moving average of $240.66.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.40 by $0.01. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The company had revenue of $21.96 billion during the quarter, compared to analyst estimates of $21.61 billion. During the same quarter last year, the company earned $2.61 EPS. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. On average, research analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, November 26th. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s dividend payout ratio is 39.23%.

T-Mobile US Profile

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.