Public Employees Retirement Association of Colorado lowered its stake in T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) by 0.9% during the 2nd quarter, Holdings Channel reports. The firm owned 101,649 shares of the Wireless communications provider’s stock after selling 872 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in T-Mobile US were worth $14,119,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in TMUS. Raleigh Capital Management Inc. raised its holdings in T-Mobile US by 84.8% during the 1st quarter. Raleigh Capital Management Inc. now owns 170 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 78 shares during the period. Acadian Asset Management LLC purchased a new stake in shares of T-Mobile US in the second quarter valued at $25,000. PSI Advisors LLC purchased a new stake in shares of T-Mobile US in the second quarter valued at $28,000. SkyView Investment Advisors LLC bought a new stake in shares of T-Mobile US in the 1st quarter worth about $31,000. Finally, Capital Advisors Ltd. LLC boosted its stake in shares of T-Mobile US by 936.4% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 228 shares of the Wireless communications provider’s stock worth $32,000 after purchasing an additional 206 shares during the period. Institutional investors own 42.49% of the company’s stock.
Wall Street Analyst Weigh In
TMUS has been the topic of several recent analyst reports. StockNews.com initiated coverage on T-Mobile US in a report on Thursday, October 5th. They issued a “hold” rating on the stock. The Goldman Sachs Group boosted their price objective on shares of T-Mobile US from $191.00 to $194.00 in a research report on Monday, October 16th. Royal Bank of Canada lifted their price target on shares of T-Mobile US from $163.00 to $168.00 and gave the company an “outperform” rating in a research note on Friday, November 3rd. Deutsche Bank Aktiengesellschaft dropped their price objective on T-Mobile US from $185.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, September 22nd. Finally, TD Cowen lifted their target price on T-Mobile US from $197.00 to $210.00 and gave the company an “outperform” rating in a research report on Friday, July 28th. Two research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $182.16.
Insider Buying and Selling
In related news, Director Srikant M. Datar sold 500 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $147.50, for a total value of $73,750.00. Following the sale, the director now owns 4,564 shares in the company, valued at $673,190. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO G Michael Sievert sold 20,000 shares of the company’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $147.29, for a total value of $2,945,800.00. Following the sale, the chief executive officer now owns 586,339 shares in the company, valued at $86,361,871.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Srikant M. Datar sold 500 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $147.50, for a total transaction of $73,750.00. Following the sale, the director now directly owns 4,564 shares in the company, valued at approximately $673,190. The disclosure for this sale can be found here. Insiders sold 67,953 shares of company stock valued at $9,886,781 over the last quarter. 0.70% of the stock is currently owned by company insiders.
T-Mobile US Stock Down 0.1 %
TMUS stock opened at $147.01 on Wednesday. The stock has a market capitalization of $170.01 billion, a PE ratio of 22.83 and a beta of 0.53. T-Mobile US, Inc. has a 52 week low of $124.92 and a 52 week high of $153.36. The company has a quick ratio of 0.78, a current ratio of 0.86 and a debt-to-equity ratio of 1.19. The firm has a 50 day moving average of $141.54 and a 200 day moving average of $138.80.
T-Mobile US (NASDAQ:TMUS – Get Free Report) last posted its quarterly earnings data on Wednesday, October 25th. The Wireless communications provider reported $1.82 EPS for the quarter, topping the consensus estimate of $1.75 by $0.07. The business had revenue of $19.25 billion during the quarter, compared to the consensus estimate of $19.35 billion. T-Mobile US had a net margin of 9.93% and a return on equity of 11.65%. Sell-side analysts forecast that T-Mobile US, Inc. will post 7.13 earnings per share for the current year.
T-Mobile US Dividend Announcement
The company also recently disclosed a — dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a $0.65 dividend. The ex-dividend date of this dividend is Thursday, November 30th.
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; leasing through JUMP! On Demand; and High Speed Internet services.
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