T-Mobile US, Inc. $TMUS Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 5.4% in the 3rd quarter, Holdings Channel reports. The fund owned 60,526 shares of the Wireless communications provider’s stock after selling 3,455 shares during the period. Mutual of America Capital Management LLC’s holdings in T-Mobile US were worth $14,489,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in TMUS. Vanguard Group Inc. grew its holdings in T-Mobile US by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 42,160,882 shares of the Wireless communications provider’s stock valued at $10,045,252,000 after purchasing an additional 215,711 shares in the last quarter. State Street Corp lifted its holdings in T-Mobile US by 4.5% in the 2nd quarter. State Street Corp now owns 23,141,316 shares of the Wireless communications provider’s stock worth $5,513,650,000 after buying an additional 994,740 shares in the last quarter. Franklin Resources Inc. boosted its position in T-Mobile US by 5.2% in the 2nd quarter. Franklin Resources Inc. now owns 6,298,934 shares of the Wireless communications provider’s stock valued at $1,500,784,000 after buying an additional 309,922 shares during the last quarter. Norges Bank acquired a new stake in shares of T-Mobile US during the second quarter valued at about $1,477,780,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of T-Mobile US by 1.1% during the second quarter. Charles Schwab Investment Management Inc. now owns 3,331,856 shares of the Wireless communications provider’s stock valued at $793,848,000 after acquiring an additional 36,424 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Srini Gopalan bought 9,800 shares of the firm’s stock in a transaction on Thursday, November 6th. The stock was bought at an average cost of $201.82 per share, for a total transaction of $1,977,836.00. Following the completion of the purchase, the chief executive officer directly owned 90,258 shares in the company, valued at approximately $18,215,869.56. The trade was a 12.18% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Telekom Ag Deutsche sold 53,507 shares of the company’s stock in a transaction that occurred on Tuesday, October 28th. The shares were sold at an average price of $220.77, for a total value of $11,812,740.39. Following the transaction, the director directly owned 582,067,249 shares of the company’s stock, valued at $128,502,986,561.73. This trade represents a 0.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 106,338 shares of company stock worth $23,265,289. Corporate insiders own 0.37% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on TMUS. TD Cowen reiterated a “buy” rating on shares of T-Mobile US in a research note on Friday, October 24th. Wells Fargo & Company upgraded T-Mobile US from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $250.00 to $260.00 in a report on Thursday, October 16th. Daiwa Capital Markets cut their target price on T-Mobile US from $240.00 to $230.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 28th. KeyCorp upgraded shares of T-Mobile US from an “underweight” rating to a “sector weight” rating in a research note on Tuesday, December 2nd. Finally, DZ Bank reaffirmed a “buy” rating on shares of T-Mobile US in a report on Tuesday, October 28th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat, T-Mobile US currently has an average rating of “Moderate Buy” and a consensus price target of $257.76.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $186.03 on Monday. The company has a current ratio of 0.89, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $208.08 billion, a price-to-earnings ratio of 17.89, a price-to-earnings-growth ratio of 1.02 and a beta of 0.45. T-Mobile US, Inc. has a twelve month low of $181.36 and a twelve month high of $276.49. The business has a 50 day simple moving average of $200.06 and a 200-day simple moving average of $222.33.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.01. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The firm had revenue of $21.96 billion for the quarter, compared to analysts’ expectations of $21.61 billion. During the same period last year, the business posted $2.61 earnings per share. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. As a group, equities research analysts expect that T-Mobile US, Inc. will post 10.37 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, March 12th. Stockholders of record on Friday, February 27th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Friday, February 27th. T-Mobile US’s dividend payout ratio (DPR) is presently 39.23%.

T-Mobile US 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.