135,484 T-Mobile US, Inc. $TMUS Shares Sold by Fifth Third Bancorp

Key Points

• Fifth Third Bancorp cut its T-Mobile US stake by 36.1% in the third quarter, selling 135,484 shares. It retained 240,075 shares valued at about $39.2 million.
• Analysts maintain a consensus “Moderate Buy” rating and a $235.13 average price target, although several firms recently lowered their targets.
• T-Mobile reported quarterly earnings of $3.22 per share, beating estimates, while revenue rose 7.4% year over year. The company also raised its quarterly dividend from $1.02 to $1.17 per share.

Fifth Third Bancorp lessened its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 36.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 240,075 shares of the Wireless communications provider's stock after selling 135,484 shares during the period. Fifth Third Bancorp's holdings in T-Mobile US were worth $39,152,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in TMUS. Main Street Group LTD acquired a new stake in T-Mobile US in the 1st quarter valued at $25,000. Paladin Partners LLC acquired a new position in shares of T-Mobile US during the second quarter worth about $25,000. Dunhill Financial LLC acquired a new position in shares of T-Mobile US during the second quarter worth about $27,000. Highland Investment Advisors LLC acquired a new position in shares of T-Mobile US during the second quarter worth about $30,000. Finally, Cornerstone Planning Group LLC lifted its stake 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.

Insider Buying and Selling

In related news, CAO Daniel James Drobac sold 772 shares of the stock in a transaction dated Thursday, September 10th. The stock was 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 owned 35,118 shares of the company's stock, valued at approximately $6,262,592.94. This represents a 2.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.32% of the company's stock.

Analyst Ratings Changes

TMUS has been the subject of several analyst reports. Barclays decreased their target price on T-Mobile US from $215.00 to $200.00 and set an "overweight" rating for the company in a research report on Tuesday, September 29th. JPMorgan Chase & Co. dropped their target price on T-Mobile US from $260.00 to $235.00 and set an "overweight" rating on the stock in a report on Thursday, October 29th. UBS Group reduced their price target on T-Mobile US from $255.00 to $235.00 and set a "buy" rating on the stock in a research report on Friday, July 24th. KeyCorp decreased their price target on T-Mobile US from $250.00 to $240.00 and set an "overweight" rating for the company in a report on Thursday, October 29th. Finally, Benchmark lowered their price objective on shares of T-Mobile US from $295.00 to $280.00 and set a "buy" rating for the company in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $235.13.

T-Mobile US Stock Performance

Shares of TMUS stock opened at $171.03 on Friday. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.91 and a quick ratio of 0.78. The company's fifty day moving average price is $163.96 and its two-hundred day moving average price is $185.88. The firm has a market capitalization of $181.17 billion, a P/E ratio of 15.39, a P/E/G ratio of 0.99 and a beta of 0.40. T-Mobile US, Inc. has a 12 month low of $143.75 and a 12 month high of $224.75.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its earnings results on Wednesday, October 28th. The Wireless communications provider reported $3.22 earnings per share for the quarter, beating the consensus estimate of $2.89 by $0.33. T-Mobile US had a return on equity of 21.47% and a net margin of 12.05%. The company had revenue of $23.58 billion during the quarter, compared to the consensus estimate of $23.15 billion. During the same period last year, the firm earned $2.41 earnings per share. The company's revenue was up 7.4% on a year-over-year basis. On average, research analysts anticipate that T-Mobile US, Inc. will post 11.50 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Wednesday, November 25th will be issued a $1.17 dividend. This is an increase from T-Mobile US's previous quarterly dividend of $1.02. This represents a $4.68 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Wednesday, November 25th. T-Mobile US's dividend payout ratio (DPR) is currently 39.38%.

T-Mobile US 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.

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