Allstate Corp boosted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 36.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,131 shares of the Wireless communications provider's stock after purchasing an additional 5,589 shares during the period. Allstate Corp's holdings in T-Mobile US were worth $5,636,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the company. Crestwood Advisors Group LLC raised its holdings in T-Mobile US by 79.5% during the 1st quarter. Crestwood Advisors Group LLC now owns 1,635 shares of the Wireless communications provider's stock worth $436,000 after buying an additional 724 shares during the period. Burling Wealth Partners LLC acquired a new stake in T-Mobile US in the 4th quarter worth about $2,539,000. Advisor Resource Council acquired a new stake in T-Mobile US during the first quarter worth about $463,000. Main Street Research LLC boosted its stake in T-Mobile US by 1.0% in the first quarter. Main Street Research LLC now owns 177,902 shares of the Wireless communications provider's stock valued at $47,448,000 after buying an additional 1,788 shares in the last quarter. Finally, Sawgrass Asset Management LLC bought a new stake in shares of T-Mobile US during the 1st quarter valued at approximately $6,543,000. Institutional investors and hedge funds own 42.49% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on the stock. Scotiabank upgraded shares of T-Mobile US from a "sector perform" rating to a "sector outperform" rating and boosted their target price for the company from $275.00 to $277.50 in a report on Wednesday, April 30th. Morgan Stanley boosted their target price on T-Mobile US from $265.00 to $285.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Rothschild & Co Redburn raised T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price objective for the company in a report on Monday, July 7th. Tigress Financial boosted their price objective on shares of T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. Finally, Bank of America began coverage on T-Mobile US in a report on Monday, July 7th. They set a "neutral" rating and a $255.00 price objective for the company. Three analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $256.31.
Read Our Latest Stock Report on TMUS
T-Mobile US Stock Performance
Shares of NASDAQ TMUS traded down $0.21 during trading on Monday, reaching $251.74. 4,286,126 shares of the company traded hands, compared to its average volume of 4,318,817. T-Mobile US, Inc. has a 52-week low of $192.61 and a 52-week high of $276.49. The stock has a market capitalization of $283.31 billion, a PE ratio of 23.75, a P/E/G ratio of 1.38 and a beta of 0.62. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. The firm has a 50 day simple moving average of $237.98 and a 200-day simple moving average of $248.02.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.69 by $0.15. The company had revenue of $21.13 billion for the quarter, compared to the consensus estimate of $20.99 billion. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.T-Mobile US's quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.49 earnings per share. Equities research analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.
T-Mobile US Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be paid a $0.88 dividend. The ex-dividend date is Friday, August 29th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.4%. T-Mobile US's dividend payout ratio is presently 33.21%.
Insider Activity at T-Mobile US
In related news, CEO G Michael Sievert sold 22,500 shares of the firm's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $255.58, for a total value of $5,750,550.00. Following the transaction, the chief executive officer directly owned 358,722 shares of the company's stock, valued at approximately $91,682,168.76. This trade represents a 5.90% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Michael J. Katz sold 2,500 shares of the firm's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $251.12, for a total value of $627,800.00. Following the completion of the sale, the insider directly owned 158,703 shares of the company's stock, valued at $39,853,497.36. This trade represents a 1.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,139,050 shares of company stock worth $504,895,827. 0.37% of the stock is owned by company insiders.
About T-Mobile US
(
Free Report)
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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