Retirement Systems of Alabama Has $24.38 Million Stock Position in T-Mobile US, Inc. $TMUS

Retirement Systems of Alabama reduced its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 0.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 102,330 shares of the Wireless communications provider’s stock after selling 716 shares during the quarter. Retirement Systems of Alabama’s holdings in T-Mobile US were worth $24,381,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Activest Wealth Management raised its position in shares of T-Mobile US by 9,400.0% during the first quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 94 shares during the last quarter. Missouri Trust & Investment Co grew its position in T-Mobile US by 807.7% during the second 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 in the last quarter. Stone House Investment Management LLC bought a new position in T-Mobile US during the first quarter valued at about $29,000. TCTC Holdings LLC raised 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 valued at $30,000 after acquiring an additional 77 shares in the last quarter. Finally, N.E.W. Advisory Services LLC acquired a new position in T-Mobile US in the 1st quarter valued at approximately $47,000. 42.49% of the stock is owned by institutional investors.

T-Mobile US Trading Down 2.0%

Shares of TMUS stock opened at $210.65 on Friday. The company has a market capitalization of $235.61 billion, a P/E ratio of 20.25, a P/E/G ratio of 1.51 and a beta of 0.59. T-Mobile US, Inc. has a 12-month low of $208.39 and a 12-month high of $276.49. The company has a quick ratio of 0.80, a current ratio of 0.89 and a debt-to-equity ratio of 1.37. The firm has a 50-day moving average price of $236.02 and a 200 day moving average price of $239.52.

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, topping the consensus estimate of $2.40 by $0.01. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. 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 business posted $2.61 earnings per share. The company’s revenue was up 8.9% on a year-over-year basis. Research analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

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

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the business’s stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $250.87, for a total value of $17,520,760.80. Following the transaction, the director owned 636,271,724 shares of the company’s stock, valued at approximately $159,621,487,399.88. The trade was a 0.01% 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 hyperlink. In the last ninety days, insiders sold 2,321,367 shares of company stock valued at $556,657,060. Insiders own 0.37% of the company’s stock.

Analysts Set New Price Targets

TMUS has been the topic of a number of research reports. Moffett Nathanson boosted their price objective on T-Mobile US from $210.00 to $230.00 and gave the company a “neutral” rating in a research report on Thursday, October 2nd. TD Cowen lowered their price target on shares of T-Mobile US from $291.00 to $263.00 and set a “buy” rating on the stock in a report on Friday, October 24th. Wells Fargo & Company upgraded shares of T-Mobile US from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $250.00 to $260.00 in a research note on Thursday, October 16th. Morgan Stanley decreased their target price on shares of T-Mobile US from $285.00 to $280.00 and set an “overweight” rating on the stock in a research report on Friday, October 24th. Finally, Daiwa Capital Markets lowered their target price on shares of T-Mobile US from $240.00 to $230.00 and set a “neutral” rating on the stock in a research note on Tuesday. Three analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $266.63.

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.