Vestor Capital LLC decreased its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) by 99.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 187 shares of the Wireless communications provider’s stock after selling 25,601 shares during the quarter. Vestor Capital LLC’s holdings in T-Mobile US were worth $30,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of TMUS. BlackRock Inc. purchased a new stake in shares of T-Mobile US during the second quarter worth approximately $6,625,275,000. Bank of New York Mellon Corp acquired a new position in T-Mobile US during the 2nd quarter worth approximately $839,194,000. Amundi grew its holdings in T-Mobile US by 40.6% during the 1st quarter. Amundi now owns 3,679,795 shares of the Wireless communications provider’s stock worth $772,867,000 after acquiring an additional 1,062,643 shares in the last quarter. Bank of America Corp DE purchased a new stake in shares of T-Mobile US in the 2nd quarter valued at approximately $758,977,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of T-Mobile US by 1.1% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,076,380 shares of the Wireless communications provider’s stock valued at $683,731,000 after purchasing an additional 43,783 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.
T-Mobile US Stock Performance
Shares of TMUS opened at $169.08 on Wednesday. The stock has a 50 day moving average price of $164.48 and a 200 day moving average price of $186.03. The company has a quick ratio of 0.78, a current ratio of 0.91 and a debt-to-equity ratio of 1.45. The company has a market capitalization of $179.10 billion, a price-to-earnings ratio of 16.32, a price-to-earnings-growth ratio of 0.97 and a beta of 0.40. T-Mobile US, Inc. has a 52-week low of $143.75 and a 52-week high of $224.75.
T-Mobile US (NASDAQ:TMUS – Get Free Report) last announced its quarterly earnings results on Wednesday, October 28th. The Wireless communications provider reported $3.22 EPS for the quarter, beating the consensus estimate of $2.89 by $0.33. T-Mobile US had a net margin of 12.05% and a return on equity of 21.47%. The company had revenue of $23.58 billion for the quarter, compared to analyst estimates of $23.15 billion. During the same period in the prior year, the firm posted $2.41 earnings per share. The firm’s revenue was up 7.4% on a year-over-year basis. Research analysts predict that T-Mobile US, Inc. will post 11.50 EPS for the current fiscal year.
T-Mobile US Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 25th will be issued a $1.17 dividend. This represents a $4.68 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Wednesday, November 25th. This is a positive change from T-Mobile US’s previous quarterly dividend of $1.02. T-Mobile US’s dividend payout ratio (DPR) is currently 45.17%.
Insider Activity
In related news, CAO Daniel James Drobac sold 772 shares of the stock in a transaction 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 transaction, the chief accounting officer directly owned 35,118 shares of the company’s stock, valued at $6,262,592.94. This trade represents a 2.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.32% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on TMUS shares. Barclays reduced their price objective on shares of T-Mobile US from $215.00 to $200.00 and set an “overweight” rating on the stock in a report on Tuesday, September 29th. The Goldman Sachs Group lowered their target price on shares of T-Mobile US from $230.00 to $211.00 and set a “buy” rating for the company in a research note on Friday, September 25th. JPMorgan Chase & Co. lowered their target price on shares of T-Mobile US from $260.00 to $235.00 and set an “overweight” rating for the company in a research note on Thursday, October 29th. Raymond James Financial raised T-Mobile US from a “market perform” rating to an “outperform” rating and set a $170.00 target price on the stock in a report on Monday, October 12th. Finally, Royal Bank Of Canada cut their price target on T-Mobile US from $240.00 to $230.00 and set an “outperform” rating on the stock in a research note on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $235.13.
Check Out Our Latest Report on T-Mobile US
About T-Mobile US
T-Mobile US, Inc. is a wireless communications provider serving consumers, businesses and government customers in the United States. Its services include wireless voice, messaging and data, as well as broadband internet delivered over its wireless network. The company offers service under the T-Mobile and Metro by T-Mobile brands. Its products and services include mobile plans, smartphones and other connected devices, home internet, and solutions for business customers. T-Mobile traces its roots to VoiceStream Wireless, which Deutsche Telekom acquired in 2001.
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