NJ State Employees Deferred Compensation Plan Decreases Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

NJ State Employees Deferred Compensation Plan cut its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 13.1% in the 4th quarter, HoldingsChannel reports. The fund owned 17,862 shares of the Wireless communications provider’s stock after selling 2,700 shares during the quarter. NJ State Employees Deferred Compensation Plan’s holdings in T-Mobile US were worth $2,864,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. OLD National Bancorp IN raised its stake in shares of T-Mobile US by 1.9% during the fourth quarter. OLD National Bancorp IN now owns 3,356 shares of the Wireless communications provider’s stock valued at $538,000 after acquiring an additional 62 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in T-Mobile US by 3.9% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,748 shares of the Wireless communications provider’s stock worth $280,000 after buying an additional 66 shares during the period. Transatlantique Private Wealth LLC grew its position in shares of T-Mobile US by 0.4% in the 3rd quarter. Transatlantique Private Wealth LLC now owns 16,400 shares of the Wireless communications provider’s stock worth $2,296,000 after buying an additional 68 shares during the last quarter. Hohimer Wealth Management LLC increased its position in T-Mobile US by 0.9% during the 3rd quarter. Hohimer Wealth Management LLC now owns 7,526 shares of the Wireless communications provider’s stock valued at $1,054,000 after purchasing an additional 68 shares during the period. Finally, Tranquility Partners LLC raised its holdings in T-Mobile US by 1.9% in the 4th quarter. Tranquility Partners LLC now owns 3,826 shares of the Wireless communications provider’s stock worth $613,000 after purchasing an additional 71 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Price Performance

Shares of NASDAQ TMUS traded down $0.09 during mid-day trading on Friday, reaching $163.96. The company’s stock had a trading volume of 7,937,074 shares, compared to its average volume of 4,531,831. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.91 and a quick ratio of 0.83. T-Mobile US, Inc. has a 52 week low of $124.92 and a 52 week high of $168.64. The stock has a fifty day moving average of $162.44 and a two-hundred day moving average of $156.81. The firm has a market capitalization of $194.60 billion, a PE ratio of 23.64, a P/E/G ratio of 0.68 and a beta of 0.49.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.17. T-Mobile US had a net margin of 10.59% and a return on equity of 12.69%. The company had revenue of $19.59 billion for the quarter, compared to the consensus estimate of $19.81 billion. During the same period in the previous year, the firm posted $1.58 EPS. T-Mobile US’s revenue for the quarter was down .2% compared to the same quarter last year. As a group, sell-side analysts anticipate that T-Mobile US, Inc. will post 8.83 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Friday, May 31st will be paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Friday, May 31st. T-Mobile US’s dividend payout ratio is currently 37.52%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TMUS. Benchmark reaffirmed a “buy” rating and set a $200.00 target price on shares of T-Mobile US in a research note on Friday, January 26th. Morgan Stanley increased their target price on T-Mobile US from $180.00 to $186.00 and gave the stock an “overweight” rating in a research report on Monday, January 29th. Raymond James lifted their price target on T-Mobile US from $180.00 to $185.00 and gave the company a “strong-buy” rating in a research report on Friday, January 26th. Oppenheimer reaffirmed an “outperform” rating and issued a $190.00 target price on shares of T-Mobile US in a research report on Wednesday, April 3rd. Finally, Citigroup lifted their price target on shares of T-Mobile US from $176.00 to $184.00 and gave the company a “buy” rating in a research report on Monday, March 25th. One investment analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $186.33.

Insider Buying and Selling at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 194,910 shares of T-Mobile US stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $161.40, for a total value of $31,458,474.00. Following the transaction, the director now directly owns 689,541,011 shares in the company, valued at approximately $111,291,919,175.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Teresa Taylor sold 12,022 shares of the stock in a transaction that occurred 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 completion of the sale, 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 is available through the SEC website. Also, Director Telekom Ag Deutsche sold 194,910 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $161.40, for a total transaction of $31,458,474.00. Following the completion of the transaction, the director now owns 689,541,011 shares in the company, valued at $111,291,919,175.40. The disclosure for this sale can be found here. Insiders sold a total of 5,800,979 shares of company stock valued at $940,632,554 in the last three months. Company insiders own 0.70% 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.