Natural Investments LLC cut its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) by 47.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,715 shares of the Wireless communications provider’s stock after selling 1,555 shares during the period. Natural Investments LLC’s holdings in T-Mobile US were worth $408,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TMUS. Activest Wealth Management lifted its position in T-Mobile US by 9,400.0% in the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock worth $25,000 after buying an additional 94 shares in the last quarter. Missouri Trust & Investment Co lifted its position in T-Mobile US by 807.7% in the 2nd quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 105 shares in the last quarter. Stone House Investment Management LLC purchased a new stake in T-Mobile US in the 1st quarter worth approximately $29,000. TCTC Holdings LLC lifted its position in T-Mobile US by 208.1% in the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider’s stock worth $30,000 after buying an additional 77 shares in the last quarter. Finally, Tsfg LLC acquired a new position in shares of T-Mobile US during the 1st quarter worth $47,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.
T-Mobile US Stock Performance
NASDAQ:TMUS opened at $228.79 on Friday. T-Mobile US, Inc. has a 1 year low of $208.39 and a 1 year high of $276.49. The firm’s fifty day simple moving average is $243.36 and its 200 day simple moving average is $242.89. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $257.48 billion, a PE ratio of 21.58, a PEG ratio of 1.56 and a beta of 0.59.
T-Mobile US Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be given a $1.02 dividend. The ex-dividend date is Wednesday, November 26th. This represents a $4.08 annualized dividend and a yield of 1.8%. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s dividend payout ratio (DPR) is 33.21%.
Wall Street Analyst Weigh In
Several brokerages have recently commented on TMUS. Moffett Nathanson increased their price target on shares of T-Mobile US from $210.00 to $230.00 and gave the stock a “neutral” rating in a research note on Thursday, October 2nd. Arete Research upgraded shares of T-Mobile US to a “strong-buy” rating in a research note on Tuesday, July 8th. JPMorgan Chase & Co. increased their price target on shares of T-Mobile US from $280.00 to $300.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 30th. Royal Bank Of Canada increased their price target on shares of T-Mobile US from $265.00 to $270.00 and gave the stock a “sector perform” rating in a research note on Friday, July 25th. Finally, BNP Paribas Exane increased their price target on shares of T-Mobile US from $290.00 to $305.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. Three analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $265.13.
Get Our Latest Research Report on T-Mobile US
Insider Transactions at T-Mobile US
In other T-Mobile US news, Director Telekom Ag Deutsche sold 64,426 shares of the firm’s stock in a transaction on Wednesday, October 8th. The shares were sold at an average price of $226.17, for a total value of $14,571,228.42. Following the sale, the director directly owned 628,039,751 shares in the company, valued at $142,043,750,483.67. This trade represents a 0.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last quarter, insiders have sold 2,499,001 shares of company stock valued at $602,845,239. Company insiders own 0.37% 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.
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