T-Mobile US, Inc. $TMUS Stock: M&G PLC Cuts Holdings

M&G PLC decreased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 1.9% during the 3rd quarter, Holdings Channel reports. The fund owned 211,511 shares of the Wireless communications provider’s stock after selling 4,067 shares during the quarter. M&G PLC’s holdings in T-Mobile US were worth $34,476,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Main Street Group LTD bought a new stake in T-Mobile US in the first quarter valued at approximately $25,000. Paladin Partners LLC bought a new position in shares of T-Mobile US during the second quarter worth $25,000. Dunhill Financial LLC bought a new position in shares of T-Mobile US during the second quarter worth $27,000. Highland Investment Advisors LLC bought a new position in shares of T-Mobile US during the second quarter worth $30,000. Finally, Cornerstone Planning Group LLC boosted its position in shares of T-Mobile US by 112.2% during the first quarter. Cornerstone Planning Group LLC now owns 174 shares of the Wireless communications provider’s stock worth $34,000 after purchasing an additional 92 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on TMUS shares. Sanford C. Bernstein reissued a “neutral” rating on shares of T-Mobile US in a report on Monday, September 28th. Moffett Nathanson raised their price objective on T-Mobile US from $242.00 to $246.00 and gave the stock a “buy” rating in a research note on Tuesday, September 22nd. Citigroup reduced their target price on T-Mobile US from $225.00 to $165.00 and set a “neutral” rating on the stock in a report on Thursday, October 29th. TD Cowen decreased their target price on T-Mobile US from $260.00 to $258.00 and set a “buy” rating for the company in a research note on Thursday, October 29th. Finally, UBS Group decreased their target price on T-Mobile US from $255.00 to $235.00 and set a “buy” rating for the company in a research note on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $238.25.

Insiders Place Their Bets

In related news, CAO Daniel James Drobac sold 772 shares of the company’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $178.33, for a total value of $137,670.76. Following the completion of the transaction, the chief accounting officer directly owned 35,118 shares of the company’s stock, valued at approximately $6,262,592.94. This represents a 2.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.32% of the company’s stock.

T-Mobile US Stock Performance

Shares of TMUS opened at $168.71 on Tuesday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.78 and a current ratio of 0.91. T-Mobile US, Inc. has a twelve month low of $143.75 and a twelve month high of $224.75. The firm’s 50 day moving average price is $164.71 and its two-hundred day moving average price is $186.11. The firm has a market cap of $178.71 billion, a P/E ratio of 16.28, a PEG ratio of 0.92 and a beta of 0.40.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, October 28th. The Wireless communications provider reported $3.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.89 by $0.33. T-Mobile US had a net margin of 12.05% and a return on equity of 21.47%. The company had revenue of $23.58 billion during the quarter, compared to the consensus estimate of $23.15 billion. During the same quarter in the prior year, the firm earned $2.41 earnings per share. The firm’s revenue was up 7.4% compared to the same quarter last year. On average, analysts forecast that T-Mobile US, Inc. will post 11.44 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Wednesday, November 25th will be given a $1.17 dividend. The ex-dividend date of this dividend is Wednesday, November 25th. This represents a $4.68 annualized dividend and a yield of 2.8%. This is an increase from T-Mobile US’s previous quarterly dividend of $1.02. T-Mobile US’s payout ratio is presently 39.38%.

T-Mobile US Company Profile

T-Mobile US, Inc is a wireless communications provider serving consumers, businesses and government customers in the United States. Its services include wireless voice, messaging and data, as well as broadband internet delivered over its wireless network.

The company offers service under the T-Mobile and Metro by T-Mobile brands. Its products and services include mobile plans, smartphones and other connected devices, home internet, and solutions for business customers.

T-Mobile traces its roots to VoiceStream Wireless, which Deutsche Telekom acquired in 2001.