PNC Financial Services Group Inc. decreased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) by 3.0% in the 4th quarter, HoldingsChannel reports. The firm owned 362,876 shares of the Wireless communications provider’s stock after selling 11,055 shares during the period. PNC Financial Services Group Inc.’s holdings in T-Mobile US were worth $73,678,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also added to or reduced their stakes in the company. United Community Bank lifted its holdings in T-Mobile US by 131.1% during the 3rd quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 59 shares during the last quarter. JDM Financial Group LLC lifted its holdings in T-Mobile US by 114.0% during the 4th quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 65 shares during the last quarter. Turning Point Benefit Group Inc. lifted its holdings in T-Mobile US by 3,825.0% during the 4th quarter. Turning Point Benefit Group Inc. now owns 157 shares of the Wireless communications provider’s stock valued at $32,000 after purchasing an additional 153 shares during the last quarter. Cloud Capital Management LLC acquired a new stake in T-Mobile US during the 3rd quarter valued at $38,000. Finally, Ares Financial Consulting LLC acquired a new stake in T-Mobile US during the 4th quarter valued at $38,000. Institutional investors and hedge funds own 42.49% of the company’s stock.
T-Mobile US Stock Up 0.4%
TMUS stock opened at $190.90 on Friday. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.09 and a quick ratio of 0.97. The stock has a market capitalization of $206.59 billion, a price-to-earnings ratio of 20.31, a PEG ratio of 1.12 and a beta of 0.33. The business’s fifty day moving average price is $199.10 and its two-hundred day moving average price is $202.31. T-Mobile US, Inc. has a fifty-two week low of $181.36 and a fifty-two week high of $261.56.
T-Mobile US Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Friday, May 29th will be given a $1.02 dividend. The ex-dividend date is Friday, May 29th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.1%. T-Mobile US’s dividend payout ratio (DPR) is presently 43.40%.
Insider Buying and Selling
In related news, insider Mark Wolfe Nelson sold 2,329 shares of the firm’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $222.38, for a total value of $517,923.02. Following the transaction, the insider owned 65,677 shares in the company, valued at approximately $14,605,251.26. This trade represents a 3.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Srikant M. Datar sold 3,291 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $221.10, for a total value of $727,640.10. Following the completion of the transaction, the director owned 1,038 shares in the company, valued at $229,501.80. The trade was a 76.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 25,620 shares of company stock valued at $5,527,602 in the last ninety days. Insiders own 0.37% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts have issued reports on TMUS shares. Daiwa Securities Group raised T-Mobile US from a “neutral” rating to an “outperform” rating and set a $240.00 price target for the company in a report on Thursday, February 19th. KeyCorp raised T-Mobile US from a “sector weight” rating to an “overweight” rating and set a $260.00 price target for the company in a report on Monday, April 13th. Deutsche Bank Aktiengesellschaft cut their price target on T-Mobile US from $300.00 to $285.00 and set a “buy” rating for the company in a report on Thursday, April 30th. DZ Bank reaffirmed a “buy” rating on shares of T-Mobile US in a report on Wednesday, May 6th. Finally, Moffett Nathanson raised T-Mobile US from a “neutral” rating to a “buy” rating and set a $254.00 price target for the company in a report on Wednesday, April 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $260.48.
Get Our Latest Analysis on T-Mobile US
T-Mobile US Company Profile
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.
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Want to see what other hedge funds are holding TMUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for T-Mobile US, Inc. (NASDAQ:TMUS – Free Report).
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