Illinois Municipal Retirement Fund Cuts Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Illinois Municipal Retirement Fund lessened its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 3.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 119,330 shares of the Wireless communications provider’s stock after selling 4,905 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in T-Mobile US were worth $26,340,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Barclays PLC grew its stake in T-Mobile US by 38.3% in the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock valued at $653,160,000 after acquiring an additional 876,182 shares during the last quarter. International Assets Investment Management LLC grew its stake in T-Mobile US by 21,580.9% in the 3rd quarter. International Assets Investment Management LLC now owns 249,981 shares of the Wireless communications provider’s stock valued at $51,586,000 after acquiring an additional 248,828 shares during the last quarter. Gladstone Institutional Advisory LLC acquired a new stake in T-Mobile US in the 4th quarter valued at about $1,552,000. Trust Co. of Vermont grew its stake in T-Mobile US by 11.9% in the 4th quarter. Trust Co. of Vermont now owns 26,972 shares of the Wireless communications provider’s stock valued at $5,954,000 after acquiring an additional 2,865 shares during the last quarter. Finally, Swedbank AB grew its stake in T-Mobile US by 5.1% in the 3rd quarter. Swedbank AB now owns 255,044 shares of the Wireless communications provider’s stock valued at $52,631,000 after acquiring an additional 12,411 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Performance

Shares of TMUS opened at $268.13 on Tuesday. T-Mobile US, Inc. has a 1 year low of $158.84 and a 1 year high of $273.40. The company has a market cap of $306.14 billion, a price-to-earnings ratio of 27.73, a price-to-earnings-growth ratio of 1.55 and a beta of 0.56. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. The firm has a fifty day moving average of $231.76 and a 200-day moving average of $222.17.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. As a group, equities analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date is Friday, May 30th. T-Mobile US’s dividend payout ratio is currently 36.40%.

Insider Activity at T-Mobile US

In related news, Director Srikant M. Datar sold 1,000 shares of T-Mobile US stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $246.00, for a total transaction of $246,000.00. Following the sale, the director now directly owns 4,021 shares in the company, valued at $989,166. The trade was a 19.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andre Almeida acquired 3,808 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were bought at an average price of $235.72 per share, for a total transaction of $897,621.76. Following the completion of the purchase, the director now owns 3,808 shares of the company’s stock, valued at approximately $897,621.76. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 3,100 shares of company stock worth $747,378 over the last ninety days. 0.67% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on TMUS shares. Royal Bank of Canada increased their price objective on shares of T-Mobile US from $240.00 to $245.00 and gave the company a “sector perform” rating in a research note on Thursday, January 30th. Bank of America raised their price target on shares of T-Mobile US from $240.00 to $255.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Scotiabank raised their price target on shares of T-Mobile US from $234.00 to $247.00 and gave the stock a “sector perform” rating in a research note on Thursday, January 30th. Morgan Stanley initiated coverage on shares of T-Mobile US in a research note on Monday, December 16th. They set an “overweight” rating and a $280.00 price target on the stock. Finally, Barclays raised their price target on shares of T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Seven research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $251.79.

T-Mobile US Company 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.