T-Mobile US, Inc. $TMUS Position Trimmed by Phoenix Financial Ltd.

Phoenix Financial Ltd. lowered its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 80.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,349 shares of the Wireless communications provider’s stock after selling 5,584 shares during the period. Phoenix Financial Ltd.’s holdings in T-Mobile US were worth $323,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Janney Montgomery Scott LLC grew its holdings in shares of T-Mobile US by 9.6% in the 2nd quarter. Janney Montgomery Scott LLC now owns 201,451 shares of the Wireless communications provider’s stock worth $47,998,000 after acquiring an additional 17,659 shares during the last quarter. HB Wealth Management LLC boosted its position in shares of T-Mobile US by 1.1% in the 2nd quarter. HB Wealth Management LLC now owns 13,945 shares of the Wireless communications provider’s stock valued at $3,323,000 after purchasing an additional 149 shares during the period. Truist Financial Corp boosted its position in shares of T-Mobile US by 6.9% in the 2nd quarter. Truist Financial Corp now owns 492,923 shares of the Wireless communications provider’s stock valued at $117,444,000 after purchasing an additional 31,615 shares during the period. Cooper Financial Group increased its stake in T-Mobile US by 1.2% in the 2nd quarter. Cooper Financial Group now owns 8,199 shares of the Wireless communications provider’s stock worth $1,953,000 after purchasing an additional 96 shares in the last quarter. Finally, LBP AM SA raised its holdings in T-Mobile US by 24.0% during the 2nd quarter. LBP AM SA now owns 18,067 shares of the Wireless communications provider’s stock worth $4,305,000 after buying an additional 3,498 shares during the period. Institutional investors own 42.49% of the company’s stock.

Analysts Set New Price Targets

TMUS has been the subject of several recent analyst reports. Raymond James Financial upgraded shares of T-Mobile US to a “hold” rating in a report on Wednesday, October 1st. JPMorgan Chase & Co. restated a “buy” rating on shares of T-Mobile US in a research report on Monday, December 15th. BNP Paribas Exane lowered their price objective on shares of T-Mobile US from $300.00 to $275.00 and set an “outperform” rating on the stock in a research report on Friday, January 16th. Moffett Nathanson boosted their target price on shares of T-Mobile US from $210.00 to $230.00 and gave the company a “neutral” rating in a research note on Thursday, October 2nd. Finally, Zacks Research raised T-Mobile US from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 26th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and thirteen have issued a Hold rating to the stock. According to data from MarketBeat.com, T-Mobile US has an average rating of “Moderate Buy” and a consensus price target of $256.36.

T-Mobile US Stock Up 1.0%

T-Mobile US stock opened at $186.25 on Thursday. T-Mobile US, Inc. has a twelve month low of $181.36 and a twelve month high of $276.49. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.89. The firm has a market cap of $208.32 billion, a PE ratio of 17.91, a P/E/G ratio of 1.02 and a beta of 0.45. The firm’s 50 day moving average price is $198.43 and its two-hundred day moving average price is $221.49.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 27th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.2%. T-Mobile US’s dividend payout ratio is 39.23%.

Insider Transactions at T-Mobile US

In related news, insider Michael J. Katz sold 2,500 shares of T-Mobile US stock in a transaction on Monday, November 17th. The stock was sold at an average price of $215.91, for a total transaction of $539,775.00. Following the completion of the sale, the insider owned 156,203 shares of the company’s stock, valued at approximately $33,725,789.73. This trade represents a 1.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Srini Gopalan bought 9,800 shares of the stock in a transaction on Thursday, November 6th. The stock was purchased at an average price of $201.82 per share, for a total transaction of $1,977,836.00. Following the purchase, the chief executive officer directly 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. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold a total of 51,457 shares of company stock valued at $11,149,636 in the last three months. 0.37% of the stock is currently owned by insiders.

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.