New York State Teachers Retirement System Has $91.51 Million Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

New York State Teachers Retirement System trimmed its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 8.5% in the third quarter, Holdings Channel.com reports. The institutional investor owned 443,456 shares of the Wireless communications provider’s stock after selling 41,304 shares during the period. New York State Teachers Retirement System’s holdings in T-Mobile US were worth $91,512,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. DT Investment Partners LLC boosted its holdings in shares of T-Mobile US by 65.3% in the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 47 shares in the last quarter. Davis Investment Partners LLC raised its position in T-Mobile US by 0.6% in the 3rd quarter. Davis Investment Partners LLC now owns 8,223 shares of the Wireless communications provider’s stock valued at $1,711,000 after purchasing an additional 51 shares during the last quarter. Barden Capital Management Inc. boosted its stake in T-Mobile US by 0.8% in the third quarter. Barden Capital Management Inc. now owns 6,824 shares of the Wireless communications provider’s stock worth $1,408,000 after purchasing an additional 54 shares in the last quarter. Compton Wealth Advisory Group LLC grew its holdings in shares of T-Mobile US by 0.4% during the second quarter. Compton Wealth Advisory Group LLC now owns 15,009 shares of the Wireless communications provider’s stock worth $2,644,000 after purchasing an additional 56 shares during the last quarter. Finally, Benjamin Edwards Inc. grew its holdings in shares of T-Mobile US by 0.7% during the second quarter. Benjamin Edwards Inc. now owns 8,331 shares of the Wireless communications provider’s stock worth $1,468,000 after purchasing an additional 56 shares during the last quarter. 42.49% of the stock is owned by institutional investors.

T-Mobile US Trading Down 1.1 %

T-Mobile US stock traded down $2.40 during midday trading on Wednesday, hitting $223.65. 277,321 shares of the stock were exchanged, compared to its average volume of 4,476,671. The stock has a market capitalization of $262.09 billion, a PE ratio of 30.76, a P/E/G ratio of 1.15 and a beta of 0.51. The company has a fifty day simple moving average of $207.32 and a two-hundred day simple moving average of $186.51. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.22. T-Mobile US, Inc. has a 52 week low of $141.29 and a 52 week high of $234.56.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.29. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The company had revenue of $20.16 billion for the quarter, compared to analyst estimates of $20.01 billion. During the same period last year, the business posted $1.82 earnings per share. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. Equities research analysts anticipate that T-Mobile US, Inc. will post 9.22 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be given a dividend of $0.88 per share. The ex-dividend date is Wednesday, November 27th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.57%. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. T-Mobile US’s dividend payout ratio (DPR) is currently 47.89%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. KeyCorp upped their price target on shares of T-Mobile US from $230.00 to $252.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Benchmark boosted their target price on shares of T-Mobile US from $250.00 to $255.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Morgan Stanley increased their price target on shares of T-Mobile US from $209.00 to $239.00 and gave the company an “overweight” rating in a research note on Tuesday. JPMorgan Chase & Co. boosted their price objective on shares of T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Finally, Bank of America upped their price objective on T-Mobile US from $220.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, T-Mobile US presently has a consensus rating of “Moderate Buy” and a consensus price target of $241.83.

Insider Activity

In other news, insider Jon Freier sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $181.87, for a total value of $1,818,700.00. Following the completion of the transaction, the insider now owns 162,628 shares in the company, valued at $29,577,154.36. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other T-Mobile US news, insider Jon Freier sold 10,000 shares of T-Mobile US stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $181.87, for a total value of $1,818,700.00. Following the sale, the insider now owns 162,628 shares of the company’s stock, valued at $29,577,154.36. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Raul Marcelo Claure sold 1,572 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $196.00, for a total value of $308,112.00. Following the transaction, the director now directly owns 1,824,632 shares of the company’s stock, valued at $357,627,872. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 369,261 shares of company stock worth $74,082,130 in the last 90 days. Corporate insiders own 0.67% of the company’s stock.

T-Mobile US 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.