T-Mobile US, Inc. $TMUS Stock Sold by M&G PLC

M&G PLC decreased its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 1.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 211,511 shares of the Wireless communications provider’s stock after selling 4,067 shares during the quarter. M&G PLC’s holdings in T-Mobile US were worth $34,476,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of TMUS. Retirement Systems of Alabama lifted its position in shares of T-Mobile US by 3.5% during the third quarter. Retirement Systems of Alabama now owns 101,226 shares of the Wireless communications provider’s stock worth $16,508,000 after purchasing an additional 3,466 shares in the last quarter. Fulcrum Asset Management LLP increased its holdings in shares of T-Mobile US by 27.8% in the third quarter. Fulcrum Asset Management LLP now owns 25,528 shares of the Wireless communications provider’s stock valued at $4,161,000 after purchasing an additional 5,547 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in T-Mobile US by 7.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 24,650 shares of the Wireless communications provider’s stock worth $3,987,000 after purchasing an additional 1,652 shares during the last quarter. RHL Group LLC raised its position in T-Mobile US by 214.1% in the 3rd quarter. RHL Group LLC now owns 311 shares of the Wireless communications provider’s stock worth $51,000 after purchasing an additional 212 shares during the last quarter. Finally, Hohimer Wealth Management LLC raised its position in T-Mobile US by 44.9% in the 3rd quarter. Hohimer Wealth Management LLC now owns 32,095 shares of the Wireless communications provider’s stock worth $5,234,000 after purchasing an additional 9,947 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Buying and Selling at T-Mobile US

In other news, CAO Daniel James Drobac sold 772 shares of the stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $178.33, for a total value of $137,670.76. Following the transaction, the chief accounting officer owned 35,118 shares of the company’s stock, valued at $6,262,592.94. This represents a 2.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.32% of the stock is currently owned by company insiders.

T-Mobile US Trading Up 4.1%

TMUS opened at $168.71 on Tuesday. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.91 and a quick ratio of 0.78. The company has a market cap of $178.71 billion, a price-to-earnings ratio of 16.28, a price-to-earnings-growth ratio of 0.92 and a beta of 0.40. The firm has a 50 day simple moving average of $164.71 and a 200 day simple moving average of $186.11. T-Mobile US, Inc. has a fifty-two week low of $143.75 and a fifty-two week high of $224.75.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, October 28th. The Wireless communications provider reported $3.22 earnings per share for the quarter, beating the consensus estimate of $2.89 by $0.33. T-Mobile US had a net margin of 12.05% and a return on equity of 21.47%. The business had revenue of $23.58 billion for the quarter, compared to analyst estimates of $23.15 billion. During the same period in the prior year, the business posted $2.41 earnings per share. T-Mobile US’s revenue was up 7.4% compared to the same quarter last year. On average, sell-side analysts anticipate that T-Mobile US, Inc. will post 11.44 earnings per share for the current year.

T-Mobile US Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Wednesday, November 25th will be given a dividend of $1.17 per share. This represents a $4.68 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Wednesday, November 25th. This is a positive change from T-Mobile US’s previous quarterly dividend of $1.02. T-Mobile US’s dividend payout ratio is presently 39.38%.

Analysts Set New Price Targets

TMUS has been the topic of several research reports. Scotiabank upped their price objective on T-Mobile US from $212.00 to $214.00 and gave the stock a “sector outperform” rating in a report on Thursday, October 29th. Citigroup lowered their target price on T-Mobile US from $225.00 to $165.00 and set a “neutral” rating for the company in a research note on Thursday, October 29th. Raymond James Financial upgraded T-Mobile US from a “market perform” rating to an “outperform” rating and set a $170.00 target price for the company in a research report on Monday, October 12th. Weiss Ratings restated a “hold (c)” rating on shares of T-Mobile US in a research report on Friday, September 11th. Finally, Sanford C. Bernstein reaffirmed a “neutral” rating on shares of T-Mobile US in a research note on Monday, September 28th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, T-Mobile US presently has a consensus rating of “Moderate Buy” and a consensus target price of $238.25.

T-Mobile US Profile

T-Mobile US, Inc is a wireless communications provider serving consumers, businesses and government customers in the United States. Its services include wireless voice, messaging and data, as well as broadband internet delivered over its wireless network.

The company offers service under the T-Mobile and Metro by T-Mobile brands. Its products and services include mobile plans, smartphones and other connected devices, home internet, and solutions for business customers.

T-Mobile traces its roots to VoiceStream Wireless, which Deutsche Telekom acquired in 2001.