T-Mobile US, Inc. $TMUS Holdings Decreased by Keybank National Association OH

Keybank National Association OH lowered its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 15.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 143,943 shares of the Wireless communications provider’s stock after selling 26,832 shares during the quarter. Keybank National Association OH’s holdings in T-Mobile US were worth $23,474,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Main Street Group LTD acquired a new position in T-Mobile US during the 1st quarter valued at about $25,000. Paladin Partners LLC bought a new stake in shares of T-Mobile US during the 2nd quarter worth about $25,000. Dunhill Financial LLC acquired a new stake in shares of T-Mobile US in the 2nd quarter worth approximately $27,000. Highland Investment Advisors LLC acquired a new stake in shares of T-Mobile US in the 2nd quarter worth approximately $30,000. Finally, Cornerstone Planning Group LLC lifted its stake in shares of T-Mobile US by 112.2% in the 1st quarter. Cornerstone Planning Group LLC now owns 174 shares of the Wireless communications provider’s stock worth $34,000 after acquiring an additional 92 shares during the period. Institutional investors own 42.49% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. KeyCorp decreased their price objective on shares of T-Mobile US from $250.00 to $240.00 and set an “overweight” rating for the company in a report on Thursday, October 29th. Wolfe Research cut T-Mobile US from an “outperform” rating to a “peer perform” rating in a report on Friday, August 14th. 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. Scotiabank upped their target price on T-Mobile US from $212.00 to $214.00 and gave the stock a “sector outperform” rating in a research report on Thursday, October 29th. Finally, TD Cowen decreased their price target on T-Mobile US from $260.00 to $258.00 and set a “buy” rating for the company in a research note on Thursday, October 29th. One research 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $235.13.

Insiders Place Their Bets

In other T-Mobile US news, CAO Daniel James Drobac sold 772 shares of T-Mobile US stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $178.33, for a total transaction of $137,670.76. Following the transaction, the chief accounting officer directly owned 35,118 shares in the company, valued at approximately $6,262,592.94. The trade was a 2.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.32% of the company’s stock.

T-Mobile US Stock Performance

T-Mobile US stock opened at $172.16 on Thursday. The firm’s 50 day simple moving average is $164.28 and its 200-day simple moving average is $185.96. The company has a market cap of $182.36 billion, a P/E ratio of 16.62, a price-to-earnings-growth ratio of 0.98 and a beta of 0.40. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.91 and a quick ratio of 0.78. 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 released its quarterly 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. The business had revenue of $23.58 billion for the quarter, compared to analyst estimates of $23.15 billion. T-Mobile US had a net margin of 12.05% and a return on equity of 21.47%. The firm’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.41 earnings per share. As a group, equities research analysts predict 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. 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 yield of 2.7%. 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%.

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.