Texas Permanent School Fund Sells 9,640 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Texas Permanent School Fund reduced its holdings in T-Mobile US, Inc. (NASDAQ:TMUS – Get Rating) by 10.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 80,972 shares of the Wireless communications provider’s stock after selling 9,640 shares during the period. Texas Permanent School Fund’s holdings in T-Mobile US were worth $9,391,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of TMUS. Wolff Wiese Magana LLC increased its position in shares of T-Mobile US by 324.3% during the fourth quarter. Wolff Wiese Magana LLC now owns 297 shares of the Wireless communications provider’s stock valued at $34,000 after purchasing an additional 227 shares during the period. Moors & Cabot Inc. bought a new stake in shares of T-Mobile US during the third quarter valued at approximately $35,000. Amplius Wealth Advisors LLC bought a new stake in shares of T-Mobile US during the fourth quarter valued at approximately $38,000. Equitec Proprietary Markets LLC bought a new stake in shares of T-Mobile US during the fourth quarter valued at approximately $41,000. Finally, Oakworth Capital Inc. bought a new stake in shares of T-Mobile US during the third quarter valued at approximately $45,000. 43.87% of the stock is currently owned by institutional investors.

NASDAQ:TMUS opened at $130.99 on Friday. T-Mobile US, Inc. has a 1-year low of $101.51 and a 1-year high of $150.20. The business’s 50-day moving average price is $127.59 and its two-hundred day moving average price is $119.98. The company has a current ratio of 0.89, a quick ratio of 0.78 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $163.64 billion, a price-to-earnings ratio of 54.89, a PEG ratio of 2.04 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS – Get Rating) last announced its quarterly earnings results on Wednesday, April 27th. The Wireless communications provider reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.16. T-Mobile US had a return on equity of 6.18% and a net margin of 3.78%. The company had revenue of $20.12 billion during the quarter, compared to the consensus estimate of $20.14 billion. During the same period in the prior year, the company earned $0.92 earnings per share. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. Sell-side analysts predict that T-Mobile US, Inc. will post 2.46 earnings per share for the current year.

A number of analysts have weighed in on TMUS shares. Benchmark upped their price target on T-Mobile US from $200.00 to $205.00 in a research report on Thursday. Sanford C. Bernstein set a $162.00 price target on T-Mobile US in a research report on Monday, January 3rd. Wells Fargo & Company upgraded T-Mobile US to a “neutral” rating in a research report on Sunday, January 9th. JPMorgan Chase & Co. set a $175.00 price target on T-Mobile US in a research report on Wednesday. Finally, Morgan Stanley upped their price target on T-Mobile US from $149.00 to $150.00 and gave the company an “overweight” rating in a research report on Friday, February 4th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, T-Mobile US has a consensus rating of “Buy” and an average target price of $162.10.

In related news, insider Neville R. Ray sold 120,000 shares of the stock in a transaction dated Thursday, February 3rd. The stock was sold at an average price of $120.40, for a total transaction of $14,448,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.69% of the stock is owned by corporate insiders.

T-Mobile US Profile (Get Rating)

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 108.7 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, wearables, and tablets and other mobile communication devices, as well as wireless devices and accessories.

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