Ilmarinen Mutual Pension Insurance Co lifted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) by 27.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 126,460 shares of the Wireless communications provider’s stock after acquiring an additional 27,100 shares during the quarter. Ilmarinen Mutual Pension Insurance Co’s holdings in T-Mobile US were worth $25,676,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Quilter Plc increased its stake in shares of T-Mobile US by 7.8% during the fourth quarter. Quilter Plc now owns 465,838 shares of the Wireless communications provider’s stock valued at $94,584,000 after purchasing an additional 33,813 shares in the last quarter. Varma Mutual Pension Insurance Co increased its stake in shares of T-Mobile US by 8.8% during the third quarter. Varma Mutual Pension Insurance Co now owns 82,917 shares of the Wireless communications provider’s stock valued at $19,849,000 after purchasing an additional 6,700 shares in the last quarter. Longbow Finance SA increased its stake in shares of T-Mobile US by 22.2% during the third quarter. Longbow Finance SA now owns 31,948 shares of the Wireless communications provider’s stock valued at $7,648,000 after purchasing an additional 5,805 shares in the last quarter. CI Investments Inc. increased its stake in shares of T-Mobile US by 37.8% during the third quarter. CI Investments Inc. now owns 77,630 shares of the Wireless communications provider’s stock valued at $18,583,000 after purchasing an additional 21,307 shares in the last quarter. Finally, Swiss National Bank increased its stake in shares of T-Mobile US by 4.6% during the third quarter. Swiss National Bank now owns 1,472,902 shares of the Wireless communications provider’s stock valued at $352,583,000 after purchasing an additional 65,400 shares in the last quarter. 42.49% of the stock is owned by institutional investors.
More T-Mobile US News
Here are the key news stories impacting T-Mobile US this week:
- Positive Sentiment: T-Mobile announced a multi-year partnership with the USGA, making it the Official 5G Network Partner for major championships and showcasing its network capabilities. T-Mobile Brings America’s Best Network to the USGA
- Neutral Sentiment: An industry article suggested T-Mobile’s joint venture with AT&T and Verizon to improve direct-to-device coverage could also create opportunities for AST SpaceMobile, but the impact on TMUS itself appears indirect. AST SpaceMobile Could Benefit From A Major Telecom Industry Initiative
- Negative Sentiment: Reports about store closures, layoffs, and a controversial internal memo may reinforce concerns that T-Mobile’s digital-first transition could pressure customer service or create execution risk. T-Mobile quietly makes significant store changes after layoffs
- Negative Sentiment: Insider selling by COO Jon Freier, while pre-planned under a 10b5-1 program, can still weigh on sentiment in the near term. T-Mobile US COO Sells $911,810.00 in Stock
Analysts Set New Price Targets
View Our Latest Report on T-Mobile US
Insider Buying and Selling at T-Mobile US
In other news, COO Jon Freier sold 4,799 shares of T-Mobile US stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $190.00, for a total transaction of $911,810.00. Following the transaction, the chief operating officer owned 217,168 shares in the company, valued at $41,261,920. This trade represents a 2.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Srikant M. Datar sold 3,291 shares of T-Mobile US stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $221.10, for a total transaction of $727,640.10. Following the transaction, the director owned 1,038 shares in the company, valued at $229,501.80. This represents a 76.02% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 13,090 shares of company stock worth $2,618,500. 0.37% of the stock is owned by insiders.
T-Mobile US Trading Down 0.9%
Shares of TMUS stock opened at $189.01 on Friday. T-Mobile US, Inc. has a 12-month low of $181.36 and a 12-month high of $261.56. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.58. The firm’s 50 day moving average is $196.71 and its 200 day moving average is $201.83. The stock has a market capitalization of $204.55 billion, a P/E ratio of 20.11, a P/E/G ratio of 1.11 and a beta of 0.33.
T-Mobile US (NASDAQ:TMUS – Get Free Report) last issued its earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.26. T-Mobile US had a net margin of 11.65% and a return on equity of 19.47%. The company had revenue of $23.11 billion for the quarter, compared to analysts’ expectations of $22.98 billion. During the same quarter last year, the company posted $2.58 earnings per share. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. Research analysts expect that T-Mobile US, Inc. will post 10.65 earnings per share for the current year.
T-Mobile US Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 29th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Friday, May 29th. T-Mobile US’s dividend payout ratio (DPR) is currently 43.40%.
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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