abrdn plc Has $36.73 Million Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

abrdn plc decreased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 17.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 166,859 shares of the Wireless communications provider’s stock after selling 36,262 shares during the period. abrdn plc’s holdings in T-Mobile US were worth $36,731,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. KPP Advisory Services LLC increased its stake in shares of T-Mobile US by 2.6% during the 3rd quarter. KPP Advisory Services LLC now owns 1,744 shares of the Wireless communications provider’s stock worth $360,000 after purchasing an additional 45 shares during the last quarter. DT Investment Partners LLC grew its stake in T-Mobile US by 65.3% in the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 47 shares during the last quarter. Relyea Zuckerberg Hanson LLC grew its stake in T-Mobile US by 3.9% in the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 1,286 shares of the Wireless communications provider’s stock valued at $284,000 after buying an additional 48 shares during the last quarter. Old North State Trust LLC grew its stake in T-Mobile US by 1.4% in the 3rd quarter. Old North State Trust LLC now owns 3,637 shares of the Wireless communications provider’s stock valued at $751,000 after buying an additional 50 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in T-Mobile US by 1.5% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,330 shares of the Wireless communications provider’s stock valued at $735,000 after buying an additional 50 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Stock Up 2.2 %

NASDAQ:TMUS opened at $242.43 on Thursday. T-Mobile US, Inc. has a 12-month low of $158.84 and a 12-month high of $248.15. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $281.34 billion, a P/E ratio of 25.07, a P/E/G ratio of 1.38 and a beta of 0.56. The stock’s fifty day simple moving average is $226.03 and its 200-day simple moving average is $214.53.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, topping 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%. Equities research analysts expect that T-Mobile US, Inc. will post 10.18 earnings per share for the current year.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.52 annualized dividend and a yield of 1.45%. T-Mobile US’s dividend payout ratio is presently 36.40%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of T-Mobile US from $250.00 to $265.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Royal Bank of Canada raised their price target on shares of T-Mobile US from $240.00 to $245.00 and gave the stock a “sector perform” rating in a research report on Thursday, January 30th. Scotiabank raised their price target on shares of T-Mobile US from $234.00 to $247.00 and gave the stock a “sector perform” rating in a research report on Thursday, January 30th. TD Cowen raised their price target on shares of T-Mobile US from $216.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Barclays raised their price target on shares of T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a research report on Monday. Seven equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, T-Mobile US currently has a consensus rating of “Moderate Buy” and an average price target of $251.26.

Insiders Place Their Bets

In other news, Director Srikant M. Datar sold 1,000 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $247.19, for a total value of $247,190.00. Following the sale, the director now directly owns 5,021 shares in the company, valued at $1,241,140.99. The trade was a 16.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO G Michael Sievert sold 20,000 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $237.73, for a total value of $4,754,600.00. Following the completion of the sale, the chief executive officer now owns 378,124 shares in the company, valued at approximately $89,891,418.52. This trade represents a 5.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,100 shares of company stock worth $5,501,978. Corporate insiders own 0.67% of the company’s stock.

T-Mobile US Company 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.