T-Mobile US, Inc. $TMUS Stake Reduced by Corebridge Financial Inc.

Key Points

• Corebridge Financial Inc. reduced its holdings in T-Mobile US, Inc. by 4.9%, owning 182,448 shares valued at approximately $48.66 million after selling 9,341 shares in the first quarter.
• Insider Michael J. Katz sold 2,500 shares of T-Mobile US stock for $627,800, while Director Telekom Ag Deutsche sold 69,840 shares for approximately $18.15 million.
• Analysts have varied ratings on T-Mobile US, with price targets ranging from $200 to $305, reflecting a consensus rating of Moderate Buy and an average target price of $256.31.

Corebridge Financial Inc. lessened its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 4.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 182,448 shares of the Wireless communications provider's stock after selling 9,341 shares during the quarter. Corebridge Financial Inc.'s holdings in T-Mobile US were worth $48,661,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of TMUS. Godsey & Gibb Inc. boosted its holdings in T-Mobile US by 139.5% in the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock worth $27,000 after acquiring an additional 60 shares during the period. Stone House Investment Management LLC acquired a new position in shares of T-Mobile US during the first quarter worth $29,000. TCTC Holdings LLC boosted its stake in shares of T-Mobile US by 208.1% in the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock valued at $30,000 after purchasing an additional 77 shares during the period. Adirondack Trust Co. boosted its stake in shares of T-Mobile US by 366.7% in the first quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock valued at $37,000 after purchasing an additional 110 shares during the period. Finally, City Holding Co. grew its holdings in T-Mobile US by 45.3% during the 1st quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock valued at $37,000 after purchasing an additional 43 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.

T-Mobile US Stock Up 0.1%

NASDAQ:TMUS traded up $0.16 during mid-day trading on Wednesday, reaching $251.36. The stock had a trading volume of 3,210,172 shares, compared to its average volume of 4,019,147. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.13. The company has a market capitalization of $282.89 billion, a price-to-earnings ratio of 23.71, a price-to-earnings-growth ratio of 1.37 and a beta of 0.62. T-Mobile US, Inc. has a 1-year low of $192.61 and a 1-year high of $276.49. The stock's 50 day simple moving average is $239.60 and its two-hundred day simple moving average is $248.10.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.69 by $0.15. The firm had revenue of $21.13 billion for the quarter, compared to analysts' expectations 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 revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.49 earnings per share. Equities analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be paid a dividend of $0.88 per share. The ex-dividend date is Friday, August 29th. This represents a $3.52 annualized dividend and a yield of 1.4%. T-Mobile US's dividend payout ratio (DPR) is 33.21%.

Insider Buying and Selling

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the business's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $238.08, for a total transaction of $16,627,507.20. Following the completion of the sale, the director owned 647,660,844 shares in the company, valued at $154,195,093,739.52. The trade was a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 2,278,730 shares of company stock valued at $540,242,549 over the last three months. Insiders own 0.37% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on TMUS shares. Scotiabank upgraded shares of T-Mobile US from a "sector perform" rating to a "sector outperform" rating and boosted their price objective for the stock from $275.00 to $277.50 in a report on Wednesday, April 30th. Wall Street Zen lowered T-Mobile US from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Tigress Financial boosted their price target on T-Mobile US from $290.00 to $305.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Rothschild & Co Redburn upgraded T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price objective for the company in a research note on Monday, July 7th. Finally, Arete Research upgraded T-Mobile US to a "strong-buy" rating in a report on Tuesday, July 8th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, T-Mobile US has an average rating of "Moderate Buy" and an average price target of $256.31.

T-Mobile US 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.