Corbyn Investment Management Inc. MD lowered its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 14.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 37,733 shares of the Wireless communications provider's stock after selling 6,493 shares during the quarter. T-Mobile US makes up approximately 3.0% of Corbyn Investment Management Inc. MD's holdings, making the stock its 10th biggest holding. Corbyn Investment Management Inc. MD's holdings in T-Mobile US were worth $7,787,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Legal & General Group Plc boosted its position in shares of T-Mobile US by 6.8% in the second quarter. Legal & General Group Plc now owns 4,751,007 shares of the Wireless communications provider's stock worth $837,032,000 after acquiring an additional 303,582 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of T-Mobile US by 4.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,459,130 shares of the Wireless communications provider's stock valued at $785,667,000 after buying an additional 184,059 shares during the period. Boston Partners increased its holdings in shares of T-Mobile US by 1.1% during the 1st quarter. Boston Partners now owns 2,597,340 shares of the Wireless communications provider's stock worth $424,025,000 after buying an additional 28,045 shares during the last quarter. TD Asset Management Inc raised its position in shares of T-Mobile US by 5.9% in the 2nd quarter. TD Asset Management Inc now owns 2,294,637 shares of the Wireless communications provider's stock worth $404,269,000 after buying an additional 128,241 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in T-Mobile US by 2.5% in the third quarter. Principal Financial Group Inc. now owns 1,978,567 shares of the Wireless communications provider's stock valued at $408,297,000 after acquiring an additional 47,350 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.
T-Mobile US Stock Up 0.8 %
TMUS traded up $1.93 during trading on Monday, hitting $237.54. The company had a trading volume of 1,032,407 shares, compared to its average volume of 4,425,526. The company has a market cap of $275.66 billion, a PE ratio of 27.23, a P/E/G ratio of 1.20 and a beta of 0.50. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99. T-Mobile US, Inc. has a 1-year low of $147.24 and a 1-year high of $242.43. The business has a 50-day moving average of $215.88 and a 200-day moving average of $192.83.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly 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 16.35% and a net margin of 12.96%. The business had revenue of $20.16 billion during the quarter, compared to the consensus estimate of $20.01 billion. During the same period last year, the firm earned $1.82 earnings per share. The company's revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, analysts forecast that T-Mobile US, Inc. will post 9.38 earnings per share for the current year.
T-Mobile US Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.48%. This is a boost from T-Mobile US's previous quarterly dividend of $0.65. The ex-dividend date is Wednesday, November 27th. T-Mobile US's dividend payout ratio is 40.14%.
Wall Street Analyst Weigh In
Several equities research analysts have commented on TMUS shares. Citigroup upped their price target on T-Mobile US from $210.00 to $254.00 and gave the stock a "buy" rating in a research note on Monday, October 21st. Barclays raised their price target on shares of T-Mobile US from $215.00 to $230.00 and gave the company an "overweight" rating in a report on Thursday, October 24th. Evercore ISI lifted their price target on shares of T-Mobile US from $220.00 to $240.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Daiwa America raised shares of T-Mobile US to a "hold" rating in a research note on Friday, October 25th. Finally, Sanford C. Bernstein upgraded shares of T-Mobile US to a "strong-buy" rating in a report on Wednesday, July 31st. Three analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $241.83.
Read Our Latest Stock Report on T-Mobile US
Insider Transactions at T-Mobile US
In related news, CEO G Michael Sievert sold 20,000 shares of the firm's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $237.73, for a total value of $4,754,600.00. Following the sale, the chief executive officer now owns 378,124 shares of the company's stock, valued at approximately $89,891,418.52. This trade represents a 5.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Raul Marcelo Claure sold 111,882 shares of the business's stock in a transaction that occurred on Friday, August 23rd. The shares were 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 $361,831,554.40. This represents a 5.76 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 464,924 shares of company stock worth $97,427,925. 0.67% of the stock is currently 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.
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