T-Mobile US, Inc. $TMUS Stock: Fifth Third Bancorp Trims Stake

Fifth Third Bancorp reduced its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 36.1% in the 3rd quarter, Holdings Channel.com reports. The fund owned 240,075 shares of the Wireless communications provider’s stock after selling 135,484 shares during the quarter. Fifth Third Bancorp’s holdings in T-Mobile US were worth $39,152,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. First National Bank of Mount Dora Trust Investment Services increased its stake in T-Mobile US by 34.8% during the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 59,958 shares of the Wireless communications provider’s stock valued at $12,593,000 after purchasing an additional 15,495 shares during the last quarter. Perpetual Ltd lifted its position in shares of T-Mobile US by 140.1% in the 3rd quarter. Perpetual Ltd now owns 11,168 shares of the Wireless communications provider’s stock worth $1,821,000 after buying an additional 6,517 shares during the last quarter. Liontrust Investment Partners LLP lifted its position in shares of T-Mobile US by 46.0% in the 1st quarter. Liontrust Investment Partners LLP now owns 57,402 shares of the Wireless communications provider’s stock worth $12,056,000 after buying an additional 18,075 shares during the last quarter. Alps Advisors Inc. lifted its position in shares of T-Mobile US by 24.1% in the 3rd quarter. Alps Advisors Inc. now owns 218,664 shares of the Wireless communications provider’s stock worth $35,660,000 after buying an additional 42,416 shares during the last quarter. Finally, Plato Investment Management Ltd acquired a new position in shares of T-Mobile US in the 2nd quarter valued at about $5,870,000. 42.49% of the stock is owned by institutional investors and hedge funds.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $171.03 on Friday. T-Mobile US, Inc. has a 1-year low of $143.75 and a 1-year high of $224.75. 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 business’s fifty day moving average price is $163.96 and its two-hundred day moving average price is $185.88. The firm has a market capitalization of $181.17 billion, a PE ratio of 15.39, a P/E/G ratio of 0.99 and a beta of 0.40.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Wednesday, October 28th. The Wireless communications provider reported $3.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.89 by $0.33. T-Mobile US had a return on equity of 21.47% and a net margin of 12.05%. The company had revenue of $23.58 billion for the quarter, compared to analysts’ expectations of $23.15 billion. During the same period last year, the business posted $2.41 earnings per share. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. On average, research analysts expect that T-Mobile US, Inc. will post 11.50 EPS for the current year.

T-Mobile US Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Wednesday, November 25th will be issued a $1.17 dividend. This is a boost from T-Mobile US’s previous quarterly dividend of $1.02. The ex-dividend date of this dividend is Wednesday, November 25th. This represents a $4.68 dividend on an annualized basis and a dividend yield of 2.7%. T-Mobile US’s dividend payout ratio is 39.38%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Raymond James Financial raised shares of T-Mobile US from a “market perform” rating to an “outperform” rating and set a $170.00 price objective for the company in a research report on Monday, October 12th. Wolfe Research lowered shares of T-Mobile US from an “outperform” rating to a “peer perform” rating in a research note on Friday, August 14th. Barclays cut their target price on shares of T-Mobile US from $215.00 to $200.00 and set an “overweight” rating on the stock in a report on Tuesday, September 29th. The Goldman Sachs Group decreased their target price on T-Mobile US from $230.00 to $211.00 and set a “buy” rating for the company in a research note on Friday, September 25th. Finally, Moffett Nathanson lifted their target price on T-Mobile US from $242.00 to $246.00 and gave the company a “buy” rating in a research note on Tuesday, September 22nd. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $235.13.

Insider Buying and Selling at T-Mobile US

In related news, CAO Daniel James Drobac sold 772 shares of T-Mobile US stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $178.33, for a total value of $137,670.76. Following the sale, the chief accounting officer directly owned 35,118 shares in the company, valued at $6,262,592.94. This trade represents a 2.15% decrease in their position. The sale 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 Company 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.