T-Mobile US, Inc. $TMUS Stock Sold by SteelPeak Wealth LLC

Key Points

• SteelPeak Wealth cut its T-Mobile US stake by 97.7% in the third quarter, selling 167,948 shares and retaining 3,923 shares valued at approximately $640,000.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $244.65, despite several firms recently lowering their targets.
• T-Mobile reported quarterly EPS of $2.99, exceeding estimates, and raised its quarterly dividend to $1.17 per share, equivalent to a 3.0% annualized yield.

SteelPeak Wealth LLC lessened its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 97.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,923 shares of the Wireless communications provider's stock after selling 167,948 shares during the period. SteelPeak Wealth LLC's holdings in T-Mobile US were worth $640,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Lansforsakringar Fondforvaltning AB publ raised its stake in T-Mobile US by 14.6% during the 1st quarter. Lansforsakringar Fondforvaltning AB publ now owns 187,373 shares of the Wireless communications provider's stock valued at $39,354,000 after purchasing an additional 23,836 shares during the period. First National Bank of Mount Dora Trust Investment Services boosted its position in shares of T-Mobile US by 34.8% in the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 59,958 shares of the Wireless communications provider's stock worth $12,593,000 after buying an additional 15,495 shares during the period. Liontrust Investment Partners LLP boosted its position in shares of T-Mobile US by 46.0% in the first quarter. Liontrust Investment Partners LLP now owns 57,402 shares of the Wireless communications provider's stock worth $12,056,000 after buying an additional 18,075 shares during the period. Perpetual Ltd boosted its position in shares of T-Mobile US by 140.1% in the third quarter. Perpetual Ltd now owns 11,168 shares of the Wireless communications provider's stock worth $1,821,000 after buying an additional 6,517 shares during the period. Finally, Plato Investment Management Ltd purchased a new position in shares of T-Mobile US during the second quarter valued at $5,870,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TMUS has been the topic of several recent analyst reports. Royal Bank Of Canada dropped their price target on T-Mobile US from $240.00 to $230.00 and set an "outperform" rating on the stock in a research report on Monday, July 20th. Moffett Nathanson raised their price objective on T-Mobile US from $242.00 to $246.00 and gave the stock a "buy" rating in a research report on Tuesday, September 22nd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of T-Mobile US in a research note on Friday, September 11th. Scotiabank dropped their target price on T-Mobile US from $217.00 to $212.00 and set a "sector outperform" rating on the stock in a report on Friday, October 9th. Finally, JPMorgan Chase & Co. reduced their price target on shares of T-Mobile US from $275.00 to $260.00 and set an "overweight" rating for the company in a research report on Monday, September 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, T-Mobile US has a consensus rating of "Moderate Buy" and a consensus price target of $244.65.

T-Mobile US Price Performance

TMUS opened at $156.09 on Tuesday. The stock has a fifty day moving average price of $172.47 and a 200 day moving average price of $181.81. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 1.48. T-Mobile US, Inc. has a 1 year low of $147.90 and a 1 year high of $230.54. The stock has a market cap of $167.43 billion, a price-to-earnings ratio of 16.34, a PEG ratio of 0.99 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.40. The company had revenue of $22.79 billion for the quarter, compared to analyst estimates of $22.95 billion. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%. The business's revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.84 EPS. Analysts forecast that T-Mobile US, Inc. will post 11.17 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Wednesday, November 25th will be issued a $1.17 dividend. This is an increase from T-Mobile US's previous quarterly dividend of $1.02. This represents a $4.68 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Wednesday, November 25th. T-Mobile US's dividend payout ratio is currently 42.72%.

Insider Buying and Selling

In other T-Mobile US news, CAO Daniel James Drobac sold 772 shares of T-Mobile US stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $178.33, for a total value of $137,670.76. Following the completion of the sale, the chief accounting officer directly owned 35,118 shares in the company, valued at $6,262,592.94. The trade was a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.32% of the company's stock.

T-Mobile US Company Profile

T-Mobile US, Inc NASDAQ: TMUS is a wireless communications company that provides mobile voice, messaging and data services to consumers, businesses and government customers in the United States, Puerto Rico and the U.S. Virgin Islands. Its offerings include postpaid and prepaid wireless plans, connected devices, broadband internet and other communications services.

The company operates a nationwide wireless network, including 5G services, and sells smartphones, tablets, connected devices and related accessories through retail stores, online channels and third-party distributors.

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