Retirement Systems of Alabama Sells 1,427 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Retirement Systems of Alabama reduced its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,528 shares of the Wireless communications provider’s stock after selling 1,427 shares during the quarter. Retirement Systems of Alabama’s holdings in T-Mobile US were worth $23,293,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in TMUS. DT Investment Partners LLC grew its stake in T-Mobile US by 65.3% during the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock worth $25,000 after buying an additional 47 shares during the last quarter. Dunhill Financial LLC boosted its holdings in shares of T-Mobile US by 76.7% in the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock worth $27,000 after acquiring an additional 56 shares in the last quarter. Financial Life Planners bought a new stake in T-Mobile US during the 4th quarter worth approximately $29,000. MFA Wealth Advisors LLC increased its holdings in 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 valued at $28,000 after purchasing an additional 77 shares in the last quarter. Finally, Legacy Investment Solutions LLC bought a new position in T-Mobile US in the 3rd quarter valued at $34,000. Institutional investors own 42.49% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TMUS. TD Cowen raised their target price on T-Mobile US from $216.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. The Goldman Sachs Group raised their price objective on shares of T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Barclays upped 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. Oppenheimer boosted their price objective on shares of T-Mobile US from $250.00 to $275.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Finally, Raymond James lowered T-Mobile US from an “outperform” rating to a “market perform” rating in a research report on Friday, October 25th. Seven research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $251.79.

Insider Buying and Selling

In related news, Director Andre Almeida purchased 3,808 shares of the stock in a transaction on Monday, December 9th. The shares were purchased at an average price of $235.72 per share, with a total value of $897,621.76. Following the transaction, the director now directly owns 3,808 shares of the company’s stock, valued at $897,621.76. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO G Michael Sievert sold 20,000 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $237.73, for a total value of $4,754,600.00. Following the completion of the sale, the chief executive officer now directly owns 378,124 shares of the company’s stock, valued at approximately $89,891,418.52. The trade was a 5.02 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,100 shares of company stock worth $5,501,978. Corporate insiders own 0.67% of the company’s stock.

T-Mobile US Trading Up 2.0 %

NASDAQ TMUS opened at $247.17 on Friday. The stock has a market capitalization of $282.21 billion, a price-to-earnings ratio of 25.56, a PEG ratio of 1.38 and a beta of 0.56. T-Mobile US, Inc. has a 52 week low of $158.84 and a 52 week high of $248.15. The stock’s 50 day moving average price is $225.95 and its two-hundred day moving average price is $214.72. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, topping 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, analysts anticipate that T-Mobile US, Inc. will post 10.18 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.42%. T-Mobile US’s dividend payout ratio is currently 36.40%.

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.