T-Mobile US, Inc. $TMUS Shares Sold by Keybank National Association OH

Keybank National Association OH lowered its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 2.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 423,046 shares of the Wireless communications provider’s stock after selling 10,442 shares during the quarter. Keybank National Association OH’s holdings in T-Mobile US were worth $101,269,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in T-Mobile US during the 2nd quarter worth approximately $1,477,780,000. Marshall Wace LLP raised its holdings in shares of T-Mobile US by 2,303.2% in the second quarter. Marshall Wace LLP now owns 1,797,086 shares of the Wireless communications provider’s stock worth $428,174,000 after acquiring an additional 1,878,654 shares during the last quarter. Viking Global Investors LP raised its stake in T-Mobile US by 81.7% in the 2nd quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock valued at $677,925,000 after purchasing an additional 1,279,422 shares during the last quarter. State Street Corp raised its position in shares of T-Mobile US by 4.5% in the second quarter. State Street Corp now owns 23,141,316 shares of the Wireless communications provider’s stock valued at $5,513,650,000 after buying an additional 994,740 shares during the last quarter. Finally, Crake Asset Management LLP acquired a new position in T-Mobile US in the 2nd quarter valued at $160,945,000. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

T-Mobile US Stock Performance

NASDAQ:TMUS opened at $197.21 on Friday. The firm has a market cap of $220.58 billion, a price-to-earnings ratio of 18.96, a price-to-earnings-growth ratio of 1.05 and a beta of 0.45. 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 50-day moving average of $197.76 and a 200-day moving average of $221.05. T-Mobile US, Inc. has a twelve month low of $181.36 and a twelve month high of $276.49.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Friday, February 27th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Friday, February 27th. T-Mobile US’s dividend payout ratio (DPR) is currently 39.23%.

Insider Transactions at T-Mobile US

In other T-Mobile US news, insider Michael J. Katz sold 2,500 shares of T-Mobile US stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $215.91, for a total value of $539,775.00. Following the completion of the sale, the insider directly owned 156,203 shares in the company, valued at $33,725,789.73. The trade was a 1.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Srini Gopalan bought 9,800 shares of the business’s stock in a transaction on Thursday, November 6th. The shares were bought at an average price of $201.82 per share, for a total transaction of $1,977,836.00. Following the completion of the acquisition, the chief executive officer owned 90,258 shares of the company’s stock, valued at approximately $18,215,869.56. This represents a 12.18% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have sold 51,457 shares of company stock valued at $11,149,636 in the last quarter. Corporate insiders own 0.37% of the company’s stock.

Wall Street Analyst Weigh In

TMUS has been the subject of a number of recent analyst reports. Weiss Ratings downgraded shares of T-Mobile US from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. UBS Group reaffirmed a “buy” rating on shares of T-Mobile US in a research report on Wednesday, December 10th. Oppenheimer lowered T-Mobile US from an “outperform” rating to a “market perform” rating in a research note on Friday, November 21st. Williams Trading set a $263.00 price objective on shares of T-Mobile US in a research report on Friday, October 24th. Finally, Scotiabank upped their target price on shares of T-Mobile US from $271.50 to $278.00 and gave the company a “sector outperform” rating in a research note on Monday, October 6th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and thirteen have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $255.58.

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.