T-Mobile US, Inc. $TMUS Shares Sold by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments Holdings LLC reduced its stake in T-Mobile US, Inc. by 15.1%, owning 23,488 shares after selling 4,181 shares during the second quarter.
• Insider Telekom Ag Deutsche sold nearly 70,000 shares of T-Mobile's stock for approximately $16.25 million, while insider ownership remains at 0.37%.
• T-Mobile US announced an increase in its quarterly dividend to $1.02 per share, with a dividend yield of 1.8% and a payout ratio of 33.21%.

Allspring Global Investments Holdings LLC lowered its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 15.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,488 shares of the Wireless communications provider's stock after selling 4,181 shares during the period. Allspring Global Investments Holdings LLC's holdings in T-Mobile US were worth $5,673,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Activest Wealth Management raised its stake in shares of T-Mobile US by 9,400.0% during the first quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider's stock worth $25,000 after purchasing an additional 94 shares during the last quarter. Missouri Trust & Investment Co increased its position in T-Mobile US by 807.7% during the second 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 shares of T-Mobile US during the first quarter worth about $29,000. TCTC Holdings LLC grew its position 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. Finally, Tsfg LLC purchased a new stake in T-Mobile US in the first quarter valued at approximately $47,000. Institutional investors and hedge funds own 42.49% of the company's stock.

Insider Buying and Selling at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the business's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $232.63, for a total transaction of $16,246,879.20. Following the transaction, the director owned 646,822,764 shares of the company's stock, valued at approximately $150,470,379,589.32. The trade was a 0.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last ninety days, insiders sold 2,343,079 shares of company stock worth $566,860,634. 0.37% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Wolfe Research dropped their price objective on shares of T-Mobile US from $300.00 to $290.00 and set an "outperform" rating for the company in a research report on Tuesday, September 30th. Morgan Stanley increased their price objective on shares of T-Mobile US from $265.00 to $285.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. The Goldman Sachs Group initiated coverage on shares of T-Mobile US in a report on Tuesday, September 2nd. They issued a "buy" rating and a $286.00 price objective on the stock. Arete Research raised T-Mobile US to a "strong-buy" rating in a report on Tuesday, July 8th. Finally, JPMorgan Chase & Co. lifted their price target on T-Mobile US from $280.00 to $300.00 and gave the company an "overweight" rating in a research report on Tuesday, September 30th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, T-Mobile US currently has a consensus rating of "Moderate Buy" and a consensus target price of $266.17.

T-Mobile US Trading Up 0.3%

Shares of NASDAQ:TMUS opened at $230.09 on Tuesday. T-Mobile US, Inc. has a 12-month low of $208.39 and a 12-month high of $276.49. The firm has a fifty day moving average of $241.58 and a two-hundred day moving average of $241.22. 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 market capitalization of $258.95 billion, a P/E ratio of 21.71, a price-to-earnings-growth ratio of 1.57 and a beta of 0.59.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, topping analysts' consensus estimates of $2.69 by $0.15. The firm 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%.The firm's revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.49 earnings per share. On average, equities analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Wednesday, November 26th. This is a boost from T-Mobile US's previous quarterly dividend of $0.88. T-Mobile US's dividend payout ratio (DPR) is 33.21%.

About T-Mobile US

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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