T-Mobile US, Inc. $TMUS Shares Sold by Factory Mutual Insurance Co.

Factory Mutual Insurance Co. trimmed its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 18.1% during the second quarter, Holdings Channel.com reports. The firm owned 157,907 shares of the Wireless communications provider’s stock after selling 35,000 shares during the period. Factory Mutual Insurance Co.’s holdings in T-Mobile US were worth $37,623,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hohimer Wealth Management LLC lifted its stake in shares of T-Mobile US by 2.3% during the first quarter. Hohimer Wealth Management LLC now owns 1,800 shares of the Wireless communications provider’s stock valued at $480,000 after buying an additional 41 shares during the period. Journey Strategic Wealth LLC raised its holdings in T-Mobile US by 4.2% in the 1st quarter. Journey Strategic Wealth LLC now owns 1,022 shares of the Wireless communications provider’s stock valued at $273,000 after acquiring an additional 41 shares during the last quarter. Angeles Wealth Management LLC lifted its stake in shares of T-Mobile US by 1.2% during the 1st quarter. Angeles Wealth Management LLC now owns 3,328 shares of the Wireless communications provider’s stock worth $888,000 after purchasing an additional 41 shares during the period. Weaver Capital Management LLC boosted its holdings in shares of T-Mobile US by 0.6% during the second quarter. Weaver Capital Management LLC now owns 6,737 shares of the Wireless communications provider’s stock worth $1,605,000 after purchasing an additional 42 shares during the last quarter. Finally, Haven Private LLC grew its position in shares of T-Mobile US by 1.3% in the second quarter. Haven Private LLC now owns 3,186 shares of the Wireless communications provider’s stock valued at $759,000 after purchasing an additional 42 shares during the period. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TMUS. Benchmark increased their target price on T-Mobile US from $275.00 to $295.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Wells Fargo & Company upgraded shares of T-Mobile US from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $250.00 to $260.00 in a report on Thursday, October 16th. Williams Trading set a $263.00 target price on shares of T-Mobile US in a research report on Friday, October 24th. Hsbc Global Res upgraded shares of T-Mobile US from a “hold” rating to a “strong-buy” rating in a report on Friday, October 24th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating on shares of T-Mobile US in a research note on Friday, October 24th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, T-Mobile US presently has a consensus rating of “Moderate Buy” and an average price target of $266.63.

T-Mobile US Price Performance

T-Mobile US stock opened at $205.87 on Tuesday. The firm has a fifty day moving average of $229.57 and a 200-day moving average of $236.50. T-Mobile US, Inc. has a 52-week low of $199.41 and a 52-week high of $276.49. The company has a quick ratio of 0.80, a current ratio of 0.89 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $230.27 billion, a P/E ratio of 19.80, a PEG ratio of 1.51 and a beta of 0.57.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.40 by $0.01. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The firm had revenue of $21.96 billion during the quarter, compared to analysts’ expectations of $21.61 billion. During the same period in the prior year, the company earned $2.61 EPS. The firm’s revenue was up 8.9% on a year-over-year basis. As a group, analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be given a $1.02 dividend. The ex-dividend date of this dividend is Wednesday, November 26th. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.88. This represents a $4.08 annualized dividend and a dividend yield of 2.0%. T-Mobile US’s dividend payout ratio (DPR) is currently 39.23%.

Insider Transactions at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 1,374 shares of the firm’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $220.46, for a total transaction of $302,912.04. Following the sale, the director directly owned 582,065,875 shares in the company, valued at approximately $128,322,242,802.50. This trade represents a 0.00% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Srini Gopalan purchased 9,800 shares of T-Mobile US stock in a transaction that occurred on Thursday, November 6th. The shares were bought at an average cost of $201.82 per share, for a total transaction of $1,977,836.00. Following the completion of the transaction, the chief executive officer directly owned 90,258 shares in the company, valued at $18,215,869.56. This represents a 12.18% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders sold 2,043,381 shares of company stock valued at $489,095,047. Insiders own 0.37% of the company’s stock.

About T-Mobile US

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.