US Bancorp DE Decreases Stake in T-Mobile US, Inc. $TMUS

US Bancorp DE lessened its stake in T-Mobile US, Inc. (NASDAQ:TMUSFree Report) by 3.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 170,128 shares of the Wireless communications provider’s stock after selling 6,341 shares during the quarter. US Bancorp DE’s holdings in T-Mobile US were worth $34,543,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in TMUS. United Community Bank boosted its stake in shares of T-Mobile US by 131.1% in the 3rd quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 59 shares during the period. Turning Point Benefit Group Inc. raised its position in shares of T-Mobile US by 3,825.0% during the 4th quarter. Turning Point Benefit Group Inc. now owns 157 shares of the Wireless communications provider’s stock worth $32,000 after acquiring an additional 153 shares in the last quarter. City Holding Co. raised its position in shares of T-Mobile US by 48.4% during the 3rd quarter. City Holding Co. now owns 141 shares of the Wireless communications provider’s stock worth $34,000 after acquiring an additional 46 shares in the last quarter. Cloud Capital Management LLC acquired a new stake in shares of T-Mobile US during the 3rd quarter worth about $38,000. Finally, Ares Financial Consulting LLC acquired a new stake in shares of T-Mobile US during the 4th quarter worth about $38,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Key Headlines Impacting T-Mobile US

Here are the key news stories impacting T-Mobile US this week:

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Raul Marcelo Claure sold 550,000 shares of T-Mobile US stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $217.57, for a total transaction of $119,663,500.00. Following the transaction, the director owned 891,204 shares of the company’s stock, valued at $193,899,254.28. The trade was a 38.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Mark Wolfe Nelson sold 10,240 shares of T-Mobile US stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $220.80, for a total value of $2,260,992.00. Following the transaction, the insider directly owned 74,280 shares in the company, valued at approximately $16,401,024. This trade represents a 12.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 694,134 shares of company stock valued at $150,847,799 over the last 90 days. 0.37% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on TMUS. Wells Fargo & Company raised their target price on T-Mobile US from $225.00 to $235.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Deutsche Bank Aktiengesellschaft cut their target price on T-Mobile US from $300.00 to $285.00 and set a “buy” rating on the stock in a research report on Thursday. Freedom Capital raised T-Mobile US from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. Oppenheimer raised T-Mobile US from a “market perform” rating to an “outperform” rating and set a $260.00 target price on the stock in a research report on Wednesday. Finally, Citigroup raised their target price on T-Mobile US from $220.00 to $225.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 17th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $258.83.

Get Our Latest Stock Report on T-Mobile US

T-Mobile US Trading Up 0.3%

TMUS opened at $196.06 on Friday. The firm has a market cap of $212.36 billion, a price-to-earnings ratio of 20.86, a price-to-earnings-growth ratio of 1.20 and a beta of 0.43. T-Mobile US, Inc. has a 52 week low of $181.36 and a 52 week high of $261.56. The business’s 50 day moving average is $206.12 and its two-hundred day moving average is $205.40. The company has a quick ratio of 0.90, a current ratio of 1.09 and a debt-to-equity ratio of 1.58.

T-Mobile US (NASDAQ:TMUSGet Free Report) last released its quarterly earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 EPS for the quarter, topping the consensus estimate of $2.01 by $0.26. The company had revenue of $23.11 billion for the quarter, compared to analyst estimates of $22.98 billion. T-Mobile US had a return on equity of 19.47% and a net margin of 11.65%.The firm’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.58 earnings per share. On average, research analysts predict that T-Mobile US, Inc. will post 10.41 EPS for the current year.

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 29th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $4.08 annualized dividend and a yield of 2.1%. T-Mobile US’s payout ratio is 43.40%.

T-Mobile US Profile

(Free Report)

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.

See Also

Institutional Ownership by Quarter for T-Mobile US (NASDAQ:TMUS)

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