T-Mobile US, Inc. $TMUS Shares Sold by Principal Financial Group Inc.

Key Points

• Principal Financial Group trimmed its T‑Mobile stake by 3.2% in Q4, selling 59,974 shares and now owns 1,792,104 shares valued at roughly $363.87 million.
• Director Raul Marcelo Claure sold 550,000 shares at about $217.57 each for ~$119.66 million, and company insiders sold a total of 699,134 shares worth ~$151.83 million over the past three months.
• T‑Mobile beat quarterly estimates with $2.27 EPS vs. $2.01 consensus and $23.11B revenue, and announced a quarterly dividend of $1.02 ($4.08 annualized) with ex‑dividend date May 29 and payment June 11.

Principal Financial Group Inc. decreased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 3.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,792,104 shares of the Wireless communications provider's stock after selling 59,974 shares during the quarter. Principal Financial Group Inc. owned about 0.16% of T-Mobile US worth $363,869,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in T-Mobile US by 1.5% during the third quarter. Vanguard Group Inc. now owns 42,797,074 shares of the Wireless communications provider's stock worth $10,244,764,000 after acquiring an additional 636,192 shares during the last quarter. State Street Corp increased its stake in T-Mobile US by 4.7% during the third quarter. State Street Corp now owns 24,234,085 shares of the Wireless communications provider's stock worth $5,801,155,000 after acquiring an additional 1,092,769 shares during the last quarter. Capital International Investors increased its stake in T-Mobile US by 5.5% during the third quarter. Capital International Investors now owns 13,726,288 shares of the Wireless communications provider's stock worth $3,285,608,000 after acquiring an additional 711,278 shares during the last quarter. Wellington Management Group LLP increased its stake in T-Mobile US by 47.5% during the third quarter. Wellington Management Group LLP now owns 13,461,669 shares of the Wireless communications provider's stock worth $3,222,454,000 after acquiring an additional 4,335,368 shares during the last quarter. Finally, Invesco Ltd. increased its stake in T-Mobile US by 6.1% during the third quarter. Invesco Ltd. now owns 7,903,104 shares of the Wireless communications provider's stock worth $1,891,845,000 after acquiring an additional 453,096 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company's stock.

Insider Activity

In related news, Director Raul Marcelo Claure sold 550,000 shares of the business's stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $217.57, for a total transaction of $119,663,500.00. Following the completion of the transaction, the director directly owned 891,204 shares of the company's stock, valued at $193,899,254.28. The trade was a 38.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Andre Almeida bought 5,097 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were bought at an average cost of $196.18 per share, with a total value of $999,929.46. Following the completion of the purchase, the insider directly owned 44,850 shares in the company, valued at $8,798,673. This represents a 12.82% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 699,134 shares of company stock worth $151,826,849 over the last three months. Company insiders own 0.37% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TMUS. DZ Bank reissued a "buy" rating on shares of T-Mobile US in a research note on Friday, February 13th. JPMorgan Chase & Co. cut their price objective on T-Mobile US from $300.00 to $275.00 and set an "overweight" rating on the stock in a report on Wednesday, April 29th. TD Cowen increased their target price on T-Mobile US from $252.00 to $261.00 and gave the stock a "buy" rating in a research note on Wednesday, April 29th. Barclays restated a "buy" rating on shares of T-Mobile US in a report on Friday, April 24th. Finally, Freedom Capital raised T-Mobile US from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 17th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $258.83.

T-Mobile US Stock Down 0.8%

T-Mobile US stock opened at $194.42 on Tuesday. T-Mobile US, Inc. has a twelve month low of $181.36 and a twelve month high of $261.56. The stock's fifty day simple moving average is $206.12 and its 200-day simple moving average is $205.09. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.58. The firm has a market capitalization of $210.40 billion, a P/E ratio of 20.68, a P/E/G ratio of 1.16 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 EPS for the quarter, topping the consensus estimate of $2.01 by $0.26. T-Mobile US had a return on equity of 19.47% and a net margin of 11.65%.The firm had revenue of $23.11 billion during the quarter, compared to analysts' expectations of $22.98 billion. During the same period in the previous year, the firm posted $2.58 EPS. T-Mobile US's revenue for the quarter was up 10.6% on a year-over-year basis. As a group, equities analysts expect that T-Mobile US, Inc. will post 10.66 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Friday, May 29th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Friday, May 29th. T-Mobile US's payout ratio is presently 43.40%.

About T-Mobile US

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.

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