Louisiana State Employees Retirement System Reduces Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Louisiana State Employees Retirement System lowered its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 4.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 110,900 shares of the Wireless communications provider’s stock after selling 5,700 shares during the quarter. T-Mobile US makes up 0.5% of Louisiana State Employees Retirement System’s investment portfolio, making the stock its 24th largest position. Louisiana State Employees Retirement System’s holdings in T-Mobile US were worth $24,479,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in TMUS. Brookstone Capital Management purchased a new stake in shares of T-Mobile US in the third quarter worth $230,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in T-Mobile US by 1,028.7% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,280 shares of the Wireless communications provider’s stock worth $470,000 after acquiring an additional 2,078 shares during the last quarter. CX Institutional increased its stake in T-Mobile US by 21.5% in the 3rd quarter. CX Institutional now owns 30,400 shares of the Wireless communications provider’s stock worth $6,273,000 after acquiring an additional 5,378 shares during the last quarter. Iams Wealth Management LLC purchased a new stake in shares of T-Mobile US in the 3rd quarter valued at about $1,273,000. Finally, Michael S. Ryan Inc. bought a new stake in shares of T-Mobile US during the 3rd quarter valued at about $212,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insider Buying and Selling at T-Mobile US

In other news, Director Letitia A. Long sold 1,100 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $231.08, for a total transaction of $254,188.00. Following the transaction, the director now directly owns 5,653 shares of the company’s stock, valued at approximately $1,306,295.24. The trade was a 16.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Srikant M. Datar sold 1,000 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $247.19, for a total value of $247,190.00. Following the completion of the sale, the director now directly owns 5,021 shares of the company’s stock, valued at $1,241,140.99. The trade was a 16.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,100 shares of company stock valued at $747,378 in the last 90 days. Insiders own 0.67% of the company’s stock.

T-Mobile US Stock Up 1.1 %

Shares of T-Mobile US stock opened at $258.70 on Wednesday. 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, Inc. has a 52-week low of $158.84 and a 52-week high of $259.46. The company’s 50 day moving average price is $226.18 and its 200-day moving average price is $216.54. The stock has a market capitalization of $295.37 billion, a price-to-earnings ratio of 26.75, a P/E/G ratio of 1.44 and a beta of 0.56.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (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%. Equities research analysts forecast 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. Investors of record on Friday, May 30th will be issued a dividend of $0.88 per share. The ex-dividend date is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a yield of 1.36%. T-Mobile US’s dividend payout ratio is presently 36.40%.

Analyst Upgrades and Downgrades

TMUS has been the topic of several research analyst reports. Wells Fargo & Company upped their price objective on shares of T-Mobile US from $220.00 to $235.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. JPMorgan Chase & Co. increased their price target on shares of T-Mobile US from $250.00 to $265.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Morgan Stanley initiated coverage on shares of T-Mobile US in a report on Monday, December 16th. They set an “overweight” rating and a $280.00 price objective for the company. 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, February 3rd. Finally, Bank of America lifted their price target on T-Mobile US from $240.00 to $255.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Seven investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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.