Mutual of America Capital Management LLC trimmed its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 7.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 69,578 shares of the Wireless communications provider's stock after selling 5,614 shares during the period. Mutual of America Capital Management LLC's holdings in T-Mobile US were worth $14,358,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Legal & General Group Plc lifted its stake in shares of T-Mobile US by 6.8% in the 2nd 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 period. Dimensional Fund Advisors LP increased its position 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 purchasing an additional 184,059 shares during the period. Clearbridge Investments LLC increased its position in shares of T-Mobile US by 18.8% during the 1st quarter. Clearbridge Investments LLC now owns 3,652,486 shares of the Wireless communications provider's stock valued at $596,159,000 after purchasing an additional 578,348 shares during the period. Boston Partners raised its stake in shares of T-Mobile US by 1.1% in 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 in the last quarter. Finally, TD Asset Management Inc lifted its holdings in shares of T-Mobile US by 5.9% in the second quarter. TD Asset Management Inc now owns 2,294,637 shares of the Wireless communications provider's stock valued at $404,269,000 after buying an additional 128,241 shares during the period. 42.49% of the stock is currently owned by institutional investors.
Insider Activity at T-Mobile US
In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of the business's stock in a transaction on Monday, November 11th. The shares were 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 owns 378,124 shares of the company's stock, valued at $89,891,418.52. The trade was a 5.02 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Raul Marcelo Claure sold 132,309 shares of the firm's stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $196.74, for a total value of $26,030,472.66. Following the completion of the sale, the director now directly owns 1,551,204 shares in the company, valued at approximately $305,183,874.96. This represents a 7.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 464,924 shares of company stock valued at $97,427,925. Insiders own 0.67% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts have commented on the stock. Tigress Financial boosted their price target on shares of T-Mobile US from $205.00 to $235.00 and gave the stock a "buy" rating in a research report on Monday, August 12th. Bank of America increased their target price on shares of T-Mobile US from $220.00 to $240.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Citigroup lifted their price target on shares of T-Mobile US from $210.00 to $254.00 and gave the stock a "buy" rating in a research report on Monday, October 21st. StockNews.com upgraded T-Mobile US from a "hold" rating to a "buy" rating in a research report on Tuesday, July 30th. Finally, Evercore ISI lifted their target price on T-Mobile US from $220.00 to $240.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, T-Mobile US currently has a consensus rating of "Moderate Buy" and an average price target of $241.83.
Get Our Latest Report on T-Mobile US
T-Mobile US Stock Down 0.9 %
TMUS traded down $2.14 on Friday, reaching $235.61. 3,940,160 shares of the company traded hands, compared to its average volume of 4,032,005. T-Mobile US, Inc. has a 52-week low of $147.07 and a 52-week high of $242.43. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99. The company has a market cap of $273.42 billion, a price-to-earnings ratio of 26.87, a PEG ratio of 1.20 and a beta of 0.50. The stock's 50 day moving average price is $215.88 and its 200-day moving average price is $192.64.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.29. The company had revenue of $20.16 billion for the quarter, compared to analyst estimates of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The business's revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.82 EPS. On average, sell-side analysts expect that T-Mobile US, Inc. will post 9.38 EPS for the current fiscal year.
T-Mobile US Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Wednesday, November 27th. This is a positive change from T-Mobile US's previous quarterly dividend of $0.65. T-Mobile US's dividend payout ratio (DPR) is presently 29.65%.
T-Mobile US Company 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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