T-Mobile US, Inc. $TMUS Stock Holdings Lowered by Comerica Bank

Key Points

• Comerica Bank reduced its T‑Mobile stake by 13.1% in Q4 to 110,298 shares worth $22.395 million after selling 16,687 shares.
• Company insiders sold a combined 694,134 shares (about $150.85 million) over the last quarter, including Mark Wolfe Nelson (10,240 shares) and CFO Peter Osvaldik (27,000 shares), leaving insiders with 0.37% ownership.
• T‑Mobile declared a quarterly dividend of $1.02 per share (annualized $4.08) with a yield of 2.2%, payable June 11 to shareholders of record on May 29.

Comerica Bank reduced its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 13.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,298 shares of the Wireless communications provider's stock after selling 16,687 shares during the quarter. Comerica Bank's holdings in T-Mobile US were worth $22,395,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of T-Mobile US by 4.5% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 450,679 shares of the Wireless communications provider's stock valued at $107,884,000 after acquiring an additional 19,486 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in shares of T-Mobile US by 7.8% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 204,754 shares of the Wireless communications provider's stock valued at $49,014,000 after acquiring an additional 14,800 shares in the last quarter. Quilter Plc lifted its position in shares of T-Mobile US by 7.8% in the 4th quarter. Quilter Plc now owns 465,838 shares of the Wireless communications provider's stock valued at $94,584,000 after acquiring an additional 33,813 shares in the last quarter. Varma Mutual Pension Insurance Co lifted its position in shares of T-Mobile US by 8.8% in the 3rd quarter. Varma Mutual Pension Insurance Co now owns 82,917 shares of the Wireless communications provider's stock valued at $19,849,000 after acquiring an additional 6,700 shares in the last quarter. Finally, CI Investments Inc. lifted its position in shares of T-Mobile US by 37.8% in the 3rd quarter. CI Investments Inc. now owns 77,630 shares of the Wireless communications provider's stock valued at $18,583,000 after acquiring an additional 21,307 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.

Insider Activity at T-Mobile US

In other news, insider Mark Wolfe Nelson sold 10,240 shares of the stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $220.80, for a total transaction of $2,260,992.00. Following the transaction, the insider owned 74,280 shares in the company, valued at $16,401,024. This represents a 12.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Peter Osvaldik sold 27,000 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $214.86, for a total transaction of $5,801,220.00. Following the transaction, the chief financial officer owned 51,573 shares in the company, valued at approximately $11,080,974.78. This trade represents a 34.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 694,134 shares of company stock worth $150,847,799 over the last quarter. 0.37% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Wolfe Research restated an "outperform" rating and issued a $255.00 price target on shares of T-Mobile US in a research report on Thursday, February 12th. TD Cowen dropped their price objective on shares of T-Mobile US from $263.00 to $252.00 and set a "buy" rating on the stock in a research note on Thursday, February 12th. DZ Bank reiterated a "buy" rating on shares of T-Mobile US in a research note on Friday, February 13th. Scotiabank dropped their price objective on shares of T-Mobile US from $270.50 to $266.00 and set a "sector outperform" rating on the stock in a research note on Thursday, February 12th. Finally, Citigroup upped their price objective on shares of T-Mobile US from $220.00 to $225.00 and gave the company a "neutral" rating in a research note on Tuesday, March 17th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $260.91.

T-Mobile US Stock Down 3.7%

T-Mobile US stock opened at $182.75 on Tuesday. The firm has a market cap of $201.36 billion, a PE ratio of 18.82, a P/E/G ratio of 1.24 and a beta of 0.43. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.90 and a current ratio of 1.00. The firm's 50 day moving average price is $207.48 and its two-hundred day moving average price is $205.82. T-Mobile US, Inc. has a twelve month low of $181.36 and a twelve month high of $261.56.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 29th will be paid a dividend of $1.02 per share. The ex-dividend date is Friday, May 29th. This represents a $4.08 annualized dividend and a dividend yield of 2.2%. T-Mobile US's dividend payout ratio is 42.02%.

T-Mobile US Company Profile

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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