Retirement Systems of Alabama Has $17.98 Million Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Retirement Systems of Alabama reduced its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 4.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 112,146 shares of the Wireless communications provider’s stock after selling 4,899 shares during the quarter. Retirement Systems of Alabama’s holdings in T-Mobile US were worth $17,980,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of TMUS. Valley National Advisers Inc. increased its stake in T-Mobile US by 232.1% during the 4th quarter. Valley National Advisers Inc. now owns 176 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 123 shares in the last quarter. BluePath Capital Management LLC acquired a new position in T-Mobile US during the 3rd quarter worth approximately $26,000. Baker Avenue Asset Management LP boosted its position in T-Mobile US by 63.3% during the 3rd quarter. Baker Avenue Asset Management LP now owns 209 shares of the Wireless communications provider’s stock worth $29,000 after acquiring an additional 81 shares during the last quarter. Bay Harbor Wealth Management LLC acquired a new position in T-Mobile US during the 4th quarter worth approximately $34,000. Finally, Raleigh Capital Management Inc. boosted its position in T-Mobile US by 54.5% during the 3rd quarter. Raleigh Capital Management Inc. now owns 255 shares of the Wireless communications provider’s stock worth $36,000 after acquiring an additional 90 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Price Performance

T-Mobile US stock opened at $164.17 on Wednesday. The stock’s 50 day moving average is $162.63 and its 200 day moving average is $157.50. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.94 and a quick ratio of 0.86. The firm has a market cap of $192.38 billion, a P/E ratio of 22.34, a P/E/G ratio of 0.64 and a beta of 0.49. T-Mobile US, Inc. has a one year low of $124.92 and a one year high of $168.64.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Thursday, April 25th. The Wireless communications provider reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.17. The company had revenue of $19.59 billion for the quarter, compared to analyst estimates of $19.81 billion. T-Mobile US had a return on equity of 13.61% and a net margin of 11.15%. The firm’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.58 earnings per share. As a group, research analysts expect that T-Mobile US, Inc. will post 9 EPS for the current year.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Friday, May 31st will be issued a $0.65 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $2.60 dividend on an annualized basis and a yield of 1.58%. T-Mobile US’s payout ratio is currently 35.37%.

Analyst Upgrades and Downgrades

TMUS has been the subject of a number of recent research reports. Benchmark reaffirmed a “buy” rating and set a $200.00 price target on shares of T-Mobile US in a research report on Friday, January 26th. Morgan Stanley increased their price objective on T-Mobile US from $180.00 to $186.00 and gave the company an “overweight” rating in a report on Monday, January 29th. TD Cowen cut their price objective on T-Mobile US from $204.00 to $202.00 and set a “buy” rating for the company in a report on Friday, April 26th. Raymond James increased their price objective on T-Mobile US from $180.00 to $185.00 and gave the company a “strong-buy” rating in a report on Friday, January 26th. Finally, Wells Fargo & Company raised their price target on T-Mobile US from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Monday, January 22nd. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $186.33.

Insiders Place Their Bets

In other T-Mobile US news, Director Teresa Taylor sold 12,022 shares of the business’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $161.80, for a total value of $1,945,159.60. Following the transaction, the director now owns 13,014 shares of the company’s stock, valued at $2,105,665.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Teresa Taylor sold 12,022 shares of the stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $161.80, for a total transaction of $1,945,159.60. Following the sale, the director now owns 13,014 shares of the company’s stock, valued at approximately $2,105,665.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael J. Katz sold 6,655 shares of the company’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $161.23, for a total value of $1,072,985.65. Following the completion of the transaction, the insider now owns 126,616 shares in the company, valued at $20,414,297.68. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,980,169 shares of company stock worth $970,759,660. 0.70% of the stock is owned by corporate insiders.

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.