Truist Financial Corp grew its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 5.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 547,116 shares of the Wireless communications provider's stock after purchasing an additional 25,850 shares during the period. Truist Financial Corp's holdings in T-Mobile US were worth $111,086,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in the business. Wellington Management Group LLP grew its position in T-Mobile US by 47.5% in the third quarter. Wellington Management Group LLP now owns 13,461,669 shares of the Wireless communications provider's stock valued at $3,222,454,000 after purchasing an additional 4,335,368 shares in the last quarter. Viking Global Investors LP lifted its position in T-Mobile US by 81.7% during the 2nd quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider's stock worth $677,925,000 after buying an additional 1,279,422 shares in the last quarter. Amundi boosted its stake in shares of T-Mobile US by 44.6% during the 3rd quarter. Amundi now owns 4,109,084 shares of the Wireless communications provider's stock worth $924,380,000 after buying an additional 1,266,808 shares during the last quarter. State Street Corp boosted its stake in shares of T-Mobile US by 4.7% during the 3rd quarter. State Street Corp now owns 24,234,085 shares of the Wireless communications provider's stock worth $5,801,155,000 after buying an additional 1,092,769 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of T-Mobile US by 33.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,477,553 shares of the Wireless communications provider's stock valued at $832,438,000 after acquiring an additional 877,384 shares in the last quarter. Institutional investors own 42.49% of the company's stock.
T-Mobile US Trading Down 0.8%
TMUS stock opened at $194.42 on Tuesday. T-Mobile US, Inc. has a one year low of $181.36 and a one year high of $261.56. The stock has a market cap of $210.40 billion, a price-to-earnings ratio of 20.68, a price-to-earnings-growth ratio of 1.16 and a beta of 0.33. The company has a fifty day moving average price of $206.12 and a two-hundred day moving average price of $205.09. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.09 and a quick ratio of 0.97.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.26. The company had revenue of $23.11 billion for the quarter, compared to analyst estimates of $22.98 billion. T-Mobile US had a net margin of 11.65% and a return on equity of 19.47%. The company's revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.58 earnings per share. Equities analysts anticipate that T-Mobile US, Inc. will post 10.66 EPS for the current year.
T-Mobile US Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 29th will be given a dividend of $1.02 per share. The ex-dividend date is Friday, May 29th. This represents a $4.08 annualized dividend and a yield of 2.1%. T-Mobile US's dividend payout ratio (DPR) is 43.40%.
Insider Activity at T-Mobile US
In related news, insider Mark Wolfe Nelson sold 2,329 shares of T-Mobile US stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $222.38, for a total transaction of $517,923.02. Following the completion of the sale, the insider directly owned 65,677 shares of the company's stock, valued at approximately $14,605,251.26. This trade represents a 3.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Michael J. Katz sold 5,000 shares of the business's stock in a transaction on Friday, May 1st. The shares were sold at an average price of $195.81, for a total value of $979,050.00. Following the completion of the sale, the insider owned 181,930 shares of the company's stock, valued at $35,623,713.30. This trade represents a 2.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 699,134 shares of company stock valued at $151,826,849. Insiders own 0.37% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on TMUS. Benchmark restated a "buy" rating on shares of T-Mobile US in a research note on Thursday, February 12th. Wells Fargo & Company increased their price objective on T-Mobile US from $225.00 to $235.00 and gave the company an "overweight" rating in a report on Friday, February 13th. Barclays restated a "buy" rating on shares of T-Mobile US in a report on Friday, April 24th. DZ Bank reaffirmed a "buy" rating on shares of T-Mobile US in a report on Friday, February 13th. Finally, UBS Group reiterated a "buy" rating on shares of T-Mobile US in a research note on Wednesday, April 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $258.83.
Check Out Our Latest Research Report on T-Mobile US
About T-Mobile US
(
Free Report)
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.
Further Reading
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