Corebridge Financial Inc. Has $42.33 Million Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Corebridge Financial Inc. decreased its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 1.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 191,789 shares of the Wireless communications provider's stock after selling 2,525 shares during the quarter. Corebridge Financial Inc.'s holdings in T-Mobile US were worth $42,334,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Rakuten Securities Inc. boosted its holdings in shares of T-Mobile US by 93.9% in the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider's stock worth $28,000 after acquiring an additional 62 shares in the last quarter. Dunhill Financial LLC boosted its stake in T-Mobile US by 76.7% in the third quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider's stock valued at $27,000 after acquiring an additional 56 shares during the last quarter. Financial Life Planners acquired a new stake in T-Mobile US during the 4th quarter worth $29,000. Legacy Investment Solutions LLC bought a new stake in shares of T-Mobile US during the 3rd quarter valued at $34,000. Finally, Bruce G. Allen Investments LLC lifted its stake in shares of T-Mobile US by 79.3% in the 4th quarter. Bruce G. Allen Investments LLC now owns 165 shares of the Wireless communications provider's stock valued at $36,000 after purchasing an additional 73 shares during the period. 42.49% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TMUS. Bank of America upped their price objective on T-Mobile US from $240.00 to $255.00 and gave the company a "buy" rating in a report on Thursday, January 30th. Citigroup lowered shares of T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 price objective on the stock. in a research note on Friday, March 14th. KeyCorp downgraded 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 note on Thursday, December 12th. Evercore ISI raised shares of T-Mobile US to a "strong-buy" rating in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company reaffirmed an "equal weight" rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Eleven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $256.80.

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T-Mobile US Stock Up 1.5 %

TMUS stock traded up $3.85 during midday trading on Thursday, hitting $266.36. The company's stock had a trading volume of 1,356,536 shares, compared to its average volume of 3,964,093. The company's fifty day moving average price is $250.95 and its 200 day moving average price is $231.90. T-Mobile US, Inc. has a twelve month low of $159.14 and a twelve month high of $276.49. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. The stock has a market capitalization of $304.11 billion, a P/E ratio of 27.55, a PEG ratio of 1.55 and a beta of 0.64.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, beating the consensus estimate of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. As a group, equities research analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US's dividend payout ratio is currently 36.40%.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total transaction of $191,990.00. Following the transaction, the director now owns 3,291 shares of the company's stock, valued at $865,533. The trade was a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.67% of the stock is owned by company insiders.

About T-Mobile US

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.