Arizona State Retirement System Acquires 15,776 Shares of T-Mobile US, Inc. $TMUS

Arizona State Retirement System increased its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 11.8% in the third quarter, Holdings Channel.com reports. The institutional investor owned 149,216 shares of the Wireless communications provider’s stock after acquiring an additional 15,776 shares during the period. Arizona State Retirement System’s holdings in T-Mobile US were worth $35,719,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of TMUS. Golden State Wealth Management LLC grew its stake in shares of T-Mobile US by 48.6% in the third quarter. Golden State Wealth Management LLC now owns 1,012 shares of the Wireless communications provider’s stock worth $242,000 after acquiring an additional 331 shares during the last quarter. Cloud Capital Management LLC purchased a new stake in T-Mobile US during the third quarter valued at approximately $38,000. AE Wealth Management LLC lifted its position in T-Mobile US by 30.1% during the third quarter. AE Wealth Management LLC now owns 35,157 shares of the Wireless communications provider’s stock valued at $8,417,000 after purchasing an additional 8,141 shares in the last quarter. Fidelis Capital Partners LLC grew its holdings in T-Mobile US by 2.1% during the third quarter. Fidelis Capital Partners LLC now owns 3,034 shares of the Wireless communications provider’s stock valued at $726,000 after purchasing an additional 63 shares during the period. Finally, TD Waterhouse Canada Inc. increased its position in T-Mobile US by 9.8% in the third quarter. TD Waterhouse Canada Inc. now owns 42,510 shares of the Wireless communications provider’s stock worth $9,926,000 after buying an additional 3,794 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Price Performance

TMUS stock opened at $189.28 on Friday. The firm has a market capitalization of $211.71 billion, a P/E ratio of 18.20, a price-to-earnings-growth ratio of 1.03 and a beta of 0.45. T-Mobile US, Inc. has a 52 week low of $181.36 and a 52 week high of $276.49. The company has a fifty day simple moving average of $198.01 and a two-hundred day simple moving average of $221.27. The company has a quick ratio of 0.80, a current ratio of 0.89 and a debt-to-equity ratio of 1.37.

T-Mobile US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 27th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $4.08 annualized dividend and a dividend yield of 2.2%. T-Mobile US’s dividend payout ratio is currently 39.23%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on TMUS shares. Royal Bank Of Canada lowered their price objective on T-Mobile US from $270.00 to $255.00 and set an “outperform” rating on the stock in a research report on Friday, January 16th. Barclays reaffirmed a “buy” rating on shares of T-Mobile US in a report on Tuesday, January 13th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of T-Mobile US from $280.00 to $300.00 in a research note on Thursday, October 2nd. DZ Bank restated a “buy” rating on shares of T-Mobile US in a research note on Tuesday, October 28th. Finally, Weiss Ratings lowered T-Mobile US from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and thirteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $256.36.

Insiders Place Their Bets

In other T-Mobile US news, insider Michael J. Katz sold 2,500 shares of the company’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $215.91, for a total value of $539,775.00. Following the transaction, the insider owned 156,203 shares of the company’s stock, valued at $33,725,789.73. This represents a 1.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director G Michael Sievert sold 22,500 shares of T-Mobile US stock in a transaction on Monday, November 17th. The stock was sold at an average price of $216.97, for a total value of $4,881,825.00. Following the sale, the director owned 308,696 shares of the company’s stock, valued at approximately $66,977,771.12. This trade represents a 6.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 51,457 shares of company stock worth $11,149,636 in the last 90 days. 0.37% of the stock is owned by insiders.

T-Mobile US Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.