abrdn plc lowered its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 2.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 203,121 shares of the Wireless communications provider's stock after selling 4,884 shares during the period. abrdn plc's holdings in T-Mobile US were worth $41,935,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also added to or reduced their stakes in the company. WASHINGTON TRUST Co increased its position in shares of T-Mobile US by 143.1% during the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider's stock worth $25,000 after acquiring an additional 83 shares during the period. DT Investment Partners LLC increased its position in shares of T-Mobile US by 65.3% during the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider's stock worth $25,000 after acquiring an additional 47 shares during the period. Summit Securities Group LLC purchased a new position in shares of T-Mobile US during the second quarter worth approximately $27,000. Y.D. More Investments Ltd purchased a new position in shares of T-Mobile US during the second quarter worth approximately $27,000. Finally, Westside Investment Management Inc. increased its position in shares of 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 worth $28,000 after acquiring an additional 75 shares during the period. Institutional investors own 42.49% of the company's stock.
Analysts Set New Price Targets
Several equities analysts recently issued reports on the stock. Benchmark lifted their price objective on shares of T-Mobile US from $250.00 to $255.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Morgan Stanley lifted their price objective on shares of T-Mobile US from $209.00 to $239.00 and gave the company an "overweight" rating in a report on Tuesday. TD Cowen lifted their price objective on shares of T-Mobile US from $216.00 to $250.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Citigroup lifted their price objective on shares of T-Mobile US from $210.00 to $254.00 and gave the company a "buy" rating in a report on Monday, October 21st. Finally, Wells Fargo & Company lifted their price objective on shares of T-Mobile US from $230.00 to $240.00 and gave the company an "overweight" rating in a report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $241.83.
View Our Latest Stock Analysis on T-Mobile US
Insider Transactions at T-Mobile US
In other news, EVP Deeanne King sold 15,437 shares of the company's stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $190.00, for a total value of $2,933,030.00. Following the sale, the executive vice president now owns 35,588 shares in the company, valued at $6,761,720. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other T-Mobile US news, CFO Peter Osvaldik sold 20,000 shares of the stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $233.55, for a total transaction of $4,671,000.00. Following the transaction, the chief financial officer now owns 61,307 shares in the company, valued at approximately $14,318,249.85. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Deeanne King sold 15,437 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $190.00, for a total value of $2,933,030.00. Following the transaction, the executive vice president now owns 35,588 shares in the company, valued at $6,761,720. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 359,261 shares of company stock worth $72,263,430 over the last quarter. 0.67% of the stock is currently owned by insiders.
T-Mobile US Stock Performance
NASDAQ:TMUS traded up $2.59 during mid-day trading on Thursday, hitting $225.36. The company's stock had a trading volume of 1,318,331 shares, compared to its average volume of 4,480,008. The business's fifty day moving average is $207.87 and its two-hundred day moving average is $186.77. The stock has a market cap of $264.09 billion, a price-to-earnings ratio of 30.31, a PEG ratio of 1.15 and a beta of 0.51. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.84 and a quick ratio of 0.78. T-Mobile US, Inc. has a 1 year low of $141.29 and a 1 year high of $234.56.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, topping analysts' consensus estimates of $2.32 by $0.29. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The firm had revenue of $20.16 billion for the quarter, compared to the consensus estimate of $20.01 billion. During the same quarter in the prior year, the business earned $1.82 earnings per share. The company's revenue was up 4.7% compared to the same quarter last year. Analysts anticipate that T-Mobile US, Inc. will post 9.22 EPS for the current fiscal year.
T-Mobile US Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be paid a $0.88 dividend. This is an increase from T-Mobile US's previous quarterly dividend of $0.65. The ex-dividend date is Wednesday, November 27th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.56%. T-Mobile US's dividend payout ratio is presently 47.89%.
T-Mobile US Profile
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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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