LGT Capital Partners LTD. cut its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 59.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,255 shares of the Wireless communications provider's stock after selling 38,455 shares during the quarter. LGT Capital Partners LTD.'s holdings in T-Mobile US were worth $5,795,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in TMUS. M&G PLC acquired a new stake in T-Mobile US in the third quarter valued at $681,000. Graypoint LLC grew its position in shares of T-Mobile US by 7.7% during the third quarter. Graypoint LLC now owns 2,800 shares of the Wireless communications provider's stock worth $578,000 after acquiring an additional 201 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of T-Mobile US by 2.5% during the third quarter. Principal Financial Group Inc. now owns 1,978,567 shares of the Wireless communications provider's stock worth $408,297,000 after acquiring an additional 47,350 shares during the last quarter. Kornitzer Capital Management Inc. KS grew its position in shares of T-Mobile US by 30.9% during the third quarter. Kornitzer Capital Management Inc. KS now owns 2,404 shares of the Wireless communications provider's stock worth $496,000 after acquiring an additional 567 shares during the last quarter. Finally, Summit Global Investments bought a new position in shares of T-Mobile US during the third quarter worth about $1,577,000. 42.49% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities analysts have recently commented on the stock. Hsbc Global Res lowered shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. KeyCorp lowered shares of T-Mobile US from an "overweight" rating to a "sector weight" rating and set a $252.00 target price for the company. in a research report on Thursday, December 12th. Morgan Stanley began coverage on shares of T-Mobile US in a research report on Monday, December 16th. They issued an "overweight" rating and a $280.00 target price for the company. Evercore ISI upgraded shares of T-Mobile US to a "strong-buy" rating in a research report on Thursday, January 23rd. Finally, HSBC lowered shares of T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 target price for the company. in a research report on Wednesday, March 5th. Nine investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, T-Mobile US currently has an average rating of "Moderate Buy" and a consensus target price of $254.10.
Read Our Latest Stock Analysis on T-Mobile US
T-Mobile US Trading Down 0.4 %
TMUS stock traded down $1.06 during mid-day trading on Wednesday, reaching $255.61. 3,980,431 shares of the stock traded hands, compared to its average volume of 4,000,060. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. T-Mobile US, Inc. has a 52-week low of $158.84 and a 52-week high of $276.49. The company has a market cap of $291.84 billion, a P/E ratio of 26.43, a P/E/G ratio of 1.55 and a beta of 0.64. The stock's fifty day moving average is $242.14 and its 200-day moving average is $227.74.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, beating 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%. As a group, sell-side analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.
T-Mobile US Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date is Friday, May 30th. T-Mobile US's dividend payout ratio (DPR) is 36.40%.
Insider Transactions at T-Mobile US
In other news, Director Srikant M. Datar sold 730 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total value of $191,990.00. Following the completion of the sale, the director now directly owns 3,291 shares of the company's stock, valued at $865,533. This represents a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Letitia A. Long sold 1,100 shares of the 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 completion of the sale, the director now directly owns 5,653 shares of the company's stock, valued at $1,306,295.24. This trade represents a 16.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is owned by insiders.
About T-Mobile US
(
Free Report)
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.
See Also
Before you consider T-Mobile US, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and T-Mobile US wasn't on the list.
While T-Mobile US currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
