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State of New Jersey Common Pension Fund D Purchases 23,832 Shares of T-Mobile US, Inc. $TMUS
The State of New Jersey Common Pension Fund D increased its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 15.3% in the third quarter, acquiring an additional 23,832 shares and now owning a total of 179,684 shares valued at $43.01 million. This increase in institutional ownership comes as T-Mobile’s management raised medium-term financial targets and several analysts boosted their price targets, despite some negative sentiment regarding insider sales and Q4 headwinds. The company also declared a quarterly dividend of $1.02 per share.