Kentucky Retirement Systems Sells 804 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Kentucky Retirement Systems trimmed its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 2.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 38,855 shares of the Wireless communications provider’s stock after selling 804 shares during the period. Kentucky Retirement Systems’ holdings in T-Mobile US were worth $6,845,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in TMUS. WASHINGTON TRUST Co raised its position in shares of T-Mobile US by 143.1% in the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 83 shares during the period. Summit Securities Group LLC bought a new position in T-Mobile US in the 2nd quarter worth $27,000. Y.D. More Investments Ltd acquired a new position in T-Mobile US during the 2nd quarter worth $27,000. Westside Investment Management Inc. boosted its holdings in T-Mobile US by 75.8% during the first quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 75 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in T-Mobile US during the second quarter valued at about $30,000. 42.49% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Barclays boosted their price objective on T-Mobile US from $180.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. KeyCorp upped their price target on T-Mobile US from $190.00 to $230.00 and gave the stock an “overweight” rating in a report on Monday. Tigress Financial increased their price objective on T-Mobile US from $205.00 to $235.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Scotiabank boosted their target price on shares of T-Mobile US from $194.50 to $197.00 and gave the stock a “sector outperform” rating in a research report on Thursday, August 1st. Finally, TD Cowen upped their target price on shares of T-Mobile US from $202.00 to $216.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. One analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $205.69.

T-Mobile US Stock Down 3.0 %

Shares of TMUS opened at $196.68 on Thursday. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.22. The company has a 50-day moving average price of $191.48 and a two-hundred day moving average price of $176.04. The stock has a market cap of $230.48 billion, a price-to-earnings ratio of 26.76, a P/E/G ratio of 0.74 and a beta of 0.51. T-Mobile US, Inc. has a 12 month low of $135.82 and a 12 month high of $206.30.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, topping the consensus estimate of $2.27 by $0.22. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The business had revenue of $19.77 billion during the quarter, compared to the consensus estimate of $19.61 billion. During the same quarter last year, the company earned $1.86 EPS. T-Mobile US’s revenue was up 3.0% on a year-over-year basis. Equities analysts predict that T-Mobile US, Inc. will post 9.18 EPS for the current fiscal year.

Insider Activity

In related news, Director Telekom Ag Deutsche sold 133,461 shares of the stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $176.47, for a total transaction of $23,551,862.67. Following the completion of the sale, the director now owns 670,945,589 shares in the company, valued at approximately $118,401,768,090.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other T-Mobile US news, insider Michael J. Katz sold 3,000 shares of T-Mobile US stock in a transaction on Monday, July 1st. The stock was sold at an average price of $177.59, for a total value of $532,770.00. Following the completion of the transaction, the insider now owns 122,687 shares in the company, valued at approximately $21,787,984.33. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Telekom Ag Deutsche sold 133,461 shares of the stock in a transaction on Friday, June 21st. The stock was sold at an average price of $176.47, for a total value of $23,551,862.67. Following the sale, the director now owns 670,945,589 shares in the company, valued at approximately $118,401,768,090.83. The disclosure for this sale can be found here. In the last quarter, insiders have sold 840,336 shares of company stock worth $154,461,060. Corporate insiders own 0.67% 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.