ING Groep NV cut its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) by 96.8% in the 4th quarter, HoldingsChannel reports. The firm owned 6,951 shares of the Wireless communications provider’s stock after selling 209,520 shares during the period. ING Groep NV’s holdings in T-Mobile US were worth $1,411,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. JDM Financial Group LLC lifted its position in T-Mobile US by 114.0% during the fourth 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 shares of T-Mobile US by 3,825.0% in the 4th quarter. Turning Point Benefit Group Inc. now owns 157 shares of the Wireless communications provider’s stock worth $32,000 after acquiring an additional 153 shares during the last quarter. United Community Bank lifted its holdings in shares of T-Mobile US by 78.8% in the 4th quarter. United Community Bank now owns 186 shares of the Wireless communications provider’s stock worth $38,000 after acquiring an additional 82 shares during the last quarter. Ares Financial Consulting LLC bought a new stake in shares of T-Mobile US in the 4th quarter worth approximately $38,000. Finally, Wealth Watch Advisors INC bought a new stake in shares of T-Mobile US in the 3rd quarter worth approximately $45,000. 42.49% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
TMUS has been the subject of a number of recent research reports. Benchmark restated a “buy” rating on shares of T-Mobile US in a report on Thursday, February 12th. Freedom Capital upgraded shares of T-Mobile US from a “hold” rating to a “strong-buy” rating in a report on Friday, April 17th. Scotiabank lowered their price objective on shares of T-Mobile US from $266.00 to $263.00 and set a “sector outperform” rating for the company in a report on Wednesday, April 29th. Sanford C. Bernstein restated a “neutral” rating on shares of T-Mobile US in a report on Wednesday, April 22nd. Finally, Wells Fargo & Company boosted their price objective on shares of T-Mobile US from $225.00 to $235.00 and gave the stock an “overweight” rating in a report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, T-Mobile US has an average rating of “Moderate Buy” and a consensus target price of $260.48.
T-Mobile US Stock Up 0.6%
Shares of T-Mobile US stock opened at $179.46 on Wednesday. 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 company’s fifty day simple moving average is $192.36 and its two-hundred day simple moving average is $200.11. The company has a market cap of $194.21 billion, a P/E ratio of 19.09, a PEG ratio of 1.04 and a beta of 0.31. T-Mobile US, Inc. has a 12-month low of $174.02 and a 12-month high of $261.56.
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 (EPS) for the quarter, beating analysts’ consensus estimates of $2.01 by $0.26. The business had revenue of $23.11 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.58 EPS. Research analysts anticipate that T-Mobile US, Inc. will post 10.65 EPS for the current year.
T-Mobile US Announces Dividend
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. This represents a $4.08 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, May 29th. T-Mobile US’s payout ratio is presently 43.40%.
Insider Buying and Selling at T-Mobile US
In other T-Mobile US news, COO Jon Freier sold 4,799 shares of the business’s 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 directly owned 217,168 shares of the company’s stock, valued at approximately $41,261,920. The trade was a 2.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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 transaction of $979,050.00. Following the transaction, the insider directly owned 181,930 shares in the company, valued at approximately $35,623,713.30. The trade was a 2.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.32% of the company’s stock.
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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