Kentucky Retirement Systems Sells 464 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Kentucky Retirement Systems cut its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,676 shares of the Wireless communications provider’s stock after selling 464 shares during the quarter. Kentucky Retirement Systems’ holdings in T-Mobile US were worth $7,433,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. DT Investment Partners LLC lifted its stake 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 valued at $25,000 after purchasing an additional 47 shares during the last quarter. Dunhill Financial LLC raised its holdings in T-Mobile US by 76.7% during the third quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock valued at $27,000 after buying an additional 56 shares in the last quarter. Financial Life Planners acquired a new stake in shares of T-Mobile US in the fourth quarter worth about $29,000. MFA Wealth Advisors LLC boosted its stake in shares of T-Mobile US by 128.3% during the 3rd quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 77 shares in the last quarter. Finally, Legacy Investment Solutions LLC bought a new stake in shares of T-Mobile US during the 3rd quarter worth about $34,000. 42.49% of the stock is owned by institutional investors.

Insider Buying and Selling at T-Mobile US

In related news, Director Andre Almeida acquired 3,808 shares of the business’s stock in a transaction on Monday, December 9th. The stock was bought at an average cost of $235.72 per share, with a total value of $897,621.76. Following the completion of the acquisition, the director now owns 3,808 shares in the company, valued at $897,621.76. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Srikant M. Datar sold 1,000 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $246.00, for a total transaction of $246,000.00. Following the completion of the sale, the director now directly owns 4,021 shares in the company, valued at approximately $989,166. The trade was a 19.92 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,100 shares of company stock valued at $747,378. 0.67% of the stock is currently owned by corporate insiders.

T-Mobile US Stock Performance

Shares of NASDAQ TMUS opened at $265.40 on Friday. The firm has a market capitalization of $303.02 billion, a price-to-earnings ratio of 27.45, a PEG ratio of 1.53 and a beta of 0.56. T-Mobile US, Inc. has a one year low of $158.84 and a one year high of $271.41. The business has a fifty day simple moving average of $230.32 and a 200 day simple moving average of $220.66. 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 (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) 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%. Sell-side analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders 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 yield of 1.33%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US’s dividend payout ratio is 36.40%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TMUS. UBS Group raised their price objective on T-Mobile US from $210.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Scotiabank boosted their price objective 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. The Goldman Sachs Group upped their price objective on shares of T-Mobile US from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Barclays boosted their target price on shares of T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Finally, Morgan Stanley started coverage on T-Mobile US in a research report on Monday, December 16th. They issued an “overweight” rating and a $280.00 price target on the stock. Seven research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, T-Mobile US presently has a consensus rating of “Moderate Buy” and an average target price of $251.79.

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.