Truist Financial Corp Has $98.57 Million Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Truist Financial Corp increased its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 2.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 446,539 shares of the Wireless communications provider's stock after purchasing an additional 11,224 shares during the quarter. Truist Financial Corp's holdings in T-Mobile US were worth $98,565,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of TMUS. DT Investment Partners LLC raised its stake in 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 in the last quarter. Dunhill Financial LLC raised its stake in T-Mobile US by 76.7% during the third quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider's stock worth $27,000 after acquiring an additional 56 shares in the last quarter. MFA Wealth Advisors LLC raised its stake in T-Mobile US by 128.3% during the third quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider's stock worth $28,000 after acquiring an additional 77 shares in the last quarter. Financial Life Planners acquired a new position in T-Mobile US during the fourth quarter worth $29,000. Finally, Legacy Investment Solutions LLC acquired a new position in T-Mobile US during the third quarter worth $34,000. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Letitia A. Long sold 1,100 shares of T-Mobile US stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $231.08, for a total transaction of $254,188.00. Following the transaction, the director now owns 5,653 shares in the company, valued at $1,306,295.24. The trade was a 16.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Andre Almeida acquired 3,808 shares of the business's stock in a transaction dated Monday, December 9th. The shares were acquired at an average price of $235.72 per share, for a total transaction of $897,621.76. Following the acquisition, the director now directly owns 3,808 shares in the company, valued at $897,621.76. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 3,100 shares of company stock worth $747,378. Insiders own 0.67% of the company's stock.

T-Mobile US Trading Up 0.8 %

TMUS traded up $2.05 during midday trading on Thursday, reaching $265.40. 2,794,675 shares of the company were exchanged, compared to its average volume of 3,833,108. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. T-Mobile US, Inc. has a one year low of $158.84 and a one year high of $271.41. The stock has a market capitalization of $303.02 billion, a P/E ratio of 27.45, a PEG ratio of 1.53 and a beta of 0.56. The stock's 50-day simple moving average is $229.68 and its 200 day simple moving average is $220.35.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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, analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US's dividend payout ratio (DPR) is currently 36.40%.

Analyst Upgrades and Downgrades

TMUS has been the subject of several recent analyst reports. Benchmark reiterated a "buy" rating and set a $255.00 price objective on shares of T-Mobile US in a research note on Tuesday, January 28th. Barclays increased their price objective on T-Mobile US from $230.00 to $250.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. raised their target price on T-Mobile US from $250.00 to $265.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. Morgan Stanley initiated coverage on T-Mobile US in a research note on Monday, December 16th. They issued an "overweight" rating and a $280.00 target price for the company. Finally, Tigress Financial raised their target price on T-Mobile US from $280.00 to $290.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. Seven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $251.79.

T-Mobile US Profile

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.