Employees Retirement System of Texas Sells 12,850 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Employees Retirement System of Texas cut its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 3.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 377,207 shares of the Wireless communications provider’s stock after selling 12,850 shares during the period. Employees Retirement System of Texas’ holdings in T-Mobile US were worth $52,394,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of TMUS. Price T Rowe Associates Inc. MD increased its holdings in shares of T-Mobile US by 47.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 32,746,412 shares of the Wireless communications provider’s stock worth $4,742,992,000 after purchasing an additional 10,564,117 shares during the period. Norges Bank bought a new stake in shares of T-Mobile US during the 4th quarter valued at about $2,801,442,000. Morgan Stanley grew its holdings in shares of T-Mobile US by 18.8% during the fourth quarter. Morgan Stanley now owns 10,984,556 shares of the Wireless communications provider’s stock worth $1,537,838,000 after purchasing an additional 1,742,108 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of T-Mobile US by 0.7% in the third quarter. Bank of New York Mellon Corp now owns 6,725,113 shares of the Wireless communications provider’s stock worth $902,309,000 after purchasing an additional 47,956 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in T-Mobile US by 2.1% in the second quarter. Dimensional Fund Advisors LP now owns 4,179,664 shares of the Wireless communications provider’s stock valued at $580,493,000 after purchasing an additional 84,221 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, insider Michael J. Katz sold 3,500 shares of the business’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $140.01, for a total value of $490,035.00. Following the sale, the insider now directly owns 122,477 shares of the company’s stock, valued at $17,148,004.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other T-Mobile US news, insider Michael J. Katz sold 3,500 shares of T-Mobile US stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $140.01, for a total value of $490,035.00. Following the completion of the transaction, the insider now directly owns 122,477 shares of the company’s stock, valued at $17,148,004.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ulf Ewaldsson sold 20,000 shares of the stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $144.02, for a total transaction of $2,880,400.00. Following the sale, the insider now owns 36,727 shares in the company, valued at approximately $5,289,422.54. The disclosure for this sale can be found here. Over the last quarter, insiders sold 67,953 shares of company stock valued at $9,886,781. Corporate insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on TMUS shares. Royal Bank of Canada raised their price target on T-Mobile US from $163.00 to $168.00 and gave the company an “outperform” rating in a research report on Friday, November 3rd. Morgan Stanley increased their price target on shares of T-Mobile US from $179.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday, October 27th. StockNews.com initiated coverage on shares of T-Mobile US in a research note on Thursday, October 5th. They issued a “hold” rating for the company. Barclays upgraded shares of T-Mobile US from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, August 8th. Finally, The Goldman Sachs Group raised their price objective on T-Mobile US from $191.00 to $194.00 in a research note on Monday, October 16th. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, T-Mobile US currently has an average rating of “Moderate Buy” and a consensus target price of $181.06.

T-Mobile US Stock Down 0.0 %

TMUS traded down $0.07 on Tuesday, hitting $148.43. The company had a trading volume of 702,210 shares, compared to its average volume of 5,325,376. The stock has a fifty day simple moving average of $142.37 and a 200-day simple moving average of $138.98. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.86 and a quick ratio of 0.78. The firm has a market capitalization of $171.65 billion, a P/E ratio of 23.07 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.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, October 25th. The Wireless communications provider reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.07. The company had revenue of $19.25 billion for the quarter, compared to analyst estimates of $19.35 billion. T-Mobile US had a return on equity of 11.65% and a net margin of 9.93%. As a group, equities analysts expect that T-Mobile US, Inc. will post 7.13 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently disclosed a — dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a $0.65 dividend. The ex-dividend date 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.