T-Mobile US, Inc. $TMUS Stock: TD Waterhouse Canada Inc. Reduces Holdings

Key Points

• TD Waterhouse Canada cut its T-Mobile US stake by 49.4% in the third quarter, selling 27,450 shares and retaining 28,138 shares valued at approximately $4.55 million. Institutional investors and hedge funds collectively own 42.49% of TMUS.
• Analysts maintain a favorable outlook, with a consensus “Moderate Buy” rating 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 of $2.59, while revenue rose 7.9% year over year. The company also increased its quarterly dividend to $1.17, equivalent to an annualized yield of about 3.0%.

TD Waterhouse Canada Inc. reduced its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 49.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 28,138 shares of the Wireless communications provider's stock after selling 27,450 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in T-Mobile US were worth $4,552,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TMUS. BlackRock Inc. acquired a new stake in T-Mobile US during the second quarter worth about $6,625,275,000. Bank of New York Mellon Corp purchased a new position in shares of T-Mobile US in the 2nd quarter worth about $839,194,000. Bank of America Corp DE acquired a new position in shares of T-Mobile US in the 2nd quarter valued at about $758,977,000. Legal & General Group Plc acquired a new position in shares of T-Mobile US in the 2nd quarter valued at about $583,675,000. Finally, Deutsche Bank AG acquired a new position in shares of T-Mobile US in the 2nd quarter valued at about $349,928,000. Institutional investors and hedge funds own 42.49% of the company's stock.

Wall Street Analyst Weigh In

TMUS has been the subject of a number of research reports. Weiss Ratings reiterated a "hold (c)" rating on shares of T-Mobile US in a report on Friday, September 11th. The Goldman Sachs Group cut their price target on shares of T-Mobile US from $230.00 to $211.00 and set a "buy" rating on the stock in a report on Friday, September 25th. JPMorgan Chase & Co. reduced their price target on shares of T-Mobile US from $275.00 to $260.00 and set an "overweight" rating on the stock in a research report on Monday, September 21st. UBS Group reduced their price target on shares of T-Mobile US from $255.00 to $235.00 and set a "buy" rating on the stock in a research report on Friday, July 24th. Finally, Raymond James Financial upgraded shares of T-Mobile US from a "market perform" rating to an "outperform" rating and set a $170.00 price objective for the company in a research note on Monday, October 12th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, T-Mobile US has a consensus rating of "Moderate Buy" and an average target price of $244.65.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $156.09 on Tuesday. T-Mobile US, Inc. has a 1-year low of $147.90 and a 1-year high of $230.54. The business has a 50-day moving average of $172.47 and a 200-day moving average of $181.81. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.92 and a quick ratio of 0.83. The company has a market capitalization 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 posted its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.59 by $0.40. The business had revenue of $22.79 billion during 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 company's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter last year, the firm earned $2.84 earnings per share. On average, equities analysts anticipate that T-Mobile US, Inc. will post 11.17 EPS for the current fiscal year.

T-Mobile US Increases Dividend

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

Insider Transactions at T-Mobile US

In other T-Mobile US news, CAO Daniel James Drobac sold 772 shares of the 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 owned 35,118 shares of the company's stock, valued at $6,262,592.94. This trade represents a 2.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.32% of the stock is owned by company insiders.

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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