Truist Financial Corp Has $117.44 Million Holdings in T-Mobile US, Inc. $TMUS

Key Points

• Truist Financial Corp increased its holdings in T-Mobile US, Inc. by 6.9% in the 2nd quarter, owning 492,923 shares worth approximately $117.44 million as of the latest SEC filing.
• In related news, T-Mobile US plans to pay a quarterly dividend of $1.02 per share, increasing from the previous $0.88, with a dividend yield of 1.7%.
• T-Mobile US has recently received mixed analyst ratings, with target prices fluctuating, including a downgrade from Wolfe Research, reducing their target from $300 to $290.

Truist Financial Corp grew its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 6.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 492,923 shares of the Wireless communications provider's stock after buying an additional 31,615 shares during the quarter. Truist Financial Corp's holdings in T-Mobile US were worth $117,444,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Activest Wealth Management raised its position in T-Mobile US by 9,400.0% during the first quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider's stock valued at $25,000 after acquiring an additional 94 shares in the last quarter. Godsey & Gibb Inc. grew its position in T-Mobile US by 139.5% in the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock worth $27,000 after acquiring an additional 60 shares in the last quarter. Missouri Trust & Investment Co increased its stake in shares of T-Mobile US by 807.7% during the 2nd quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider's stock worth $28,000 after purchasing an additional 105 shares during the last quarter. Stone House Investment Management LLC bought a new position in shares of T-Mobile US during the 1st quarter valued at $29,000. Finally, TCTC Holdings LLC lifted its stake in shares of T-Mobile US by 208.1% in the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock valued at $30,000 after purchasing an additional 77 shares during the last quarter. Institutional investors own 42.49% of the company's stock.

Insider Buying and Selling at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 64,415 shares of T-Mobile US stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $238.11, for a total transaction of $15,337,855.65. Following the sale, the director directly owned 634,177,066 shares of the company's stock, valued at $151,003,901,185.26. This trade represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 2,520,207 shares of company stock valued at $608,126,659 in the last three months. 0.37% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

TMUS has been the topic of several analyst reports. Wolfe Research lowered their target price on shares of T-Mobile US from $300.00 to $290.00 and set an "outperform" rating on the stock in a research report on Tuesday. Bank of America started coverage on T-Mobile US in a report on Monday, July 7th. They set a "neutral" rating and a $255.00 price objective on the stock. Arete Research raised T-Mobile US to a "strong-buy" rating in a research note on Tuesday, July 8th. Morgan Stanley upped their target price on T-Mobile US from $265.00 to $285.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Finally, KeyCorp reissued an "underweight" rating and issued a $200.00 price target on shares of T-Mobile US in a research report on Wednesday, July 9th. Three investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, T-Mobile US currently has an average rating of "Moderate Buy" and a consensus target price of $260.39.

T-Mobile US Stock Performance

Shares of NASDAQ TMUS opened at $239.38 on Wednesday. T-Mobile US, Inc. has a 12 month low of $202.77 and a 12 month high of $276.49. The company has a market cap of $269.40 billion, a P/E ratio of 22.58, a P/E/G ratio of 1.30 and a beta of 0.61. The business's 50 day moving average is $245.19 and its two-hundred day moving average is $244.59. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.69 by $0.15. The business had revenue of $21.13 billion for the quarter, compared to the consensus estimate of $20.99 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. T-Mobile US's quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the company posted $2.49 earnings per share. On average, equities analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be given a dividend of $1.02 per share. This is an increase from T-Mobile US's previous quarterly dividend of $0.88. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Wednesday, November 26th. T-Mobile US's dividend payout ratio (DPR) is currently 38.49%.

About T-Mobile US

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.

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