Teacher Retirement System of Texas Sells 81,113 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Teacher Retirement System of Texas decreased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 34.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 153,293 shares of the Wireless communications provider’s stock after selling 81,113 shares during the period. Teacher Retirement System of Texas’ holdings in T-Mobile US were worth $33,836,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in TMUS. Principal Financial Group Inc. increased its stake in shares of T-Mobile US by 2.5% during the third quarter. Principal Financial Group Inc. now owns 1,978,567 shares of the Wireless communications provider’s stock valued at $408,297,000 after purchasing an additional 47,350 shares in the last quarter. Quest Partners LLC bought a new position in shares of T-Mobile US during the third quarter valued at approximately $643,000. Prospera Financial Services Inc increased its stake in shares of T-Mobile US by 40.4% during the third quarter. Prospera Financial Services Inc now owns 6,849 shares of the Wireless communications provider’s stock valued at $1,414,000 after purchasing an additional 1,972 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of T-Mobile US by 12.5% during the third quarter. PNC Financial Services Group Inc. now owns 164,532 shares of the Wireless communications provider’s stock valued at $33,953,000 after purchasing an additional 18,222 shares in the last quarter. Finally, Prospera Private Wealth LLC bought a new position in shares of T-Mobile US during the third quarter valued at approximately $119,000. Institutional investors own 42.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on TMUS shares. Wells Fargo & Company reaffirmed an “equal weight” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Benchmark reiterated a “buy” rating on shares of T-Mobile US in a report on Wednesday, February 26th. HSBC cut shares of T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 price target on the stock. in a report on Wednesday, March 5th. JPMorgan Chase & Co. increased their price target on shares of T-Mobile US from $265.00 to $270.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, Hsbc Global Res cut shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. Ten research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $255.05.

Insider Activity

In other news, Director Srikant M. Datar sold 730 shares of the firm’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total transaction of $191,990.00. Following the sale, the director now directly owns 3,291 shares in the company, valued at $865,533. This trade represents a 18.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.67% of the company’s stock.

T-Mobile US Stock Down 0.9 %

TMUS opened at $257.03 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. T-Mobile US, Inc. has a 1-year low of $158.84 and a 1-year high of $276.49. The company has a market capitalization of $293.46 billion, a PE ratio of 26.58, a PEG ratio of 1.55 and a beta of 0.64. The firm’s 50 day simple moving average is $247.29 and its two-hundred day simple moving average is $229.96.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, topping the consensus estimate 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 forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 annualized dividend and a dividend yield of 1.37%. T-Mobile US’s payout ratio is 36.40%.

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.