LGT Capital Partners LTD. decreased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 12.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 64,710 shares of the Wireless communications provider's stock after selling 9,310 shares during the period. LGT Capital Partners LTD.'s holdings in T-Mobile US were worth $13,354,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Fifth Third Wealth Advisors LLC increased its stake in shares of T-Mobile US by 18.7% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 15,595 shares of the Wireless communications provider's stock valued at $3,218,000 after buying an additional 2,454 shares during the period. Prospera Financial Services Inc lifted its stake in shares of T-Mobile US by 40.4% in the third quarter. Prospera Financial Services Inc now owns 6,849 shares of the Wireless communications provider's stock valued at $1,414,000 after buying an additional 1,972 shares in the last quarter. OneAscent Financial Services LLC bought a new stake in shares of T-Mobile US during the third quarter valued at about $908,000. Chesapeake Wealth Management raised its stake in shares of T-Mobile US by 3.2% during the third quarter. Chesapeake Wealth Management now owns 5,224 shares of the Wireless communications provider's stock valued at $1,078,000 after acquiring an additional 162 shares during the last quarter. Finally, Pathstone Holdings LLC raised its stake in shares of T-Mobile US by 8.2% in the third quarter. Pathstone Holdings LLC now owns 79,162 shares of the Wireless communications provider's stock worth $16,336,000 after purchasing an additional 5,974 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other T-Mobile US news, Director Raul Marcelo Claure sold 111,882 shares of the business's stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $197.84, for a total value of $22,134,734.88. Following the transaction, the director now owns 1,828,910 shares of the company's stock, valued at approximately $361,831,554.40. The trade was a 5.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO G Michael Sievert sold 20,000 shares of T-Mobile US stock in a transaction on Monday, November 11th. The stock was sold at an average price of $237.73, for a total transaction of $4,754,600.00. Following the completion of the transaction, the chief executive officer now directly owns 378,124 shares in the company, valued at approximately $89,891,418.52. The trade was a 5.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 455,338 shares of company stock valued at $95,539,866 over the last 90 days. 0.67% of the stock is currently owned by company insiders.
T-Mobile US Stock Down 1.6 %
Shares of TMUS traded down $3.86 during midday trading on Tuesday, reaching $233.17. 2,146,047 shares of the stock were exchanged, compared to its average volume of 4,421,646. The company's 50 day moving average is $216.71 and its two-hundred day moving average is $193.34. T-Mobile US, Inc. has a 52 week low of $147.24 and a 52 week high of $242.43. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $270.59 billion, a P/E ratio of 27.03, a PEG ratio of 1.20 and a beta of 0.50.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, beating analysts' consensus estimates of $2.32 by $0.29. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The firm had revenue of $20.16 billion for the quarter, compared to the consensus estimate of $20.01 billion. During the same period last year, the firm posted $1.82 EPS. The company's revenue was up 4.7% on a year-over-year basis. On average, sell-side analysts anticipate that T-Mobile US, Inc. will post 9.38 earnings per share for the current year.
T-Mobile US Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be paid a dividend of $0.88 per share. This is an increase from T-Mobile US's previous quarterly dividend of $0.65. This represents a $3.52 annualized dividend and a yield of 1.51%. The ex-dividend date is Wednesday, November 27th. T-Mobile US's payout ratio is 29.65%.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on TMUS. Raymond James lowered T-Mobile US from an "outperform" rating to a "market perform" rating in a report on Friday, October 25th. Wells Fargo & Company raised their price objective on shares of T-Mobile US from $230.00 to $240.00 and gave the stock an "overweight" rating in a report on Thursday, October 24th. Evercore ISI lifted their price target on T-Mobile US from $220.00 to $240.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Tigress Financial raised their price target on shares of T-Mobile US from $205.00 to $235.00 and gave the company a "buy" rating in a report on Monday, August 12th. Finally, BNP Paribas raised shares of T-Mobile US to a "strong-buy" rating in a research report on Friday, October 25th. Three research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $241.83.
Check Out Our Latest Research Report on TMUS
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.
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