abrdn plc Increases Position in T-Mobile US, Inc. (NASDAQ:TMUS)

abrdn plc lifted its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 56.8% during the fourth quarter, Holdings Channel reports. The fund owned 227,905 shares of the Wireless communications provider’s stock after purchasing an additional 82,578 shares during the quarter. abrdn plc’s holdings in T-Mobile US were worth $36,540,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of TMUS. Naples Money Management LLC bought a new stake in T-Mobile US in the fourth quarter valued at about $327,000. Knights of Columbus Asset Advisors LLC increased its holdings in T-Mobile US by 4.1% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 25,353 shares of the Wireless communications provider’s stock valued at $4,065,000 after buying an additional 1,003 shares during the last quarter. Ninepoint Partners LP bought a new stake in T-Mobile US in the fourth quarter valued at about $670,000. Fidelis Capital Partners LLC increased its holdings in T-Mobile US by 5.6% in the fourth quarter. Fidelis Capital Partners LLC now owns 2,278 shares of the Wireless communications provider’s stock valued at $365,000 after buying an additional 121 shares during the last quarter. Finally, Xponance Inc. increased its holdings in T-Mobile US by 5.6% in the fourth quarter. Xponance Inc. now owns 66,343 shares of the Wireless communications provider’s stock valued at $10,637,000 after buying an additional 3,522 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TMUS has been the subject of several research analyst reports. Raymond James boosted their price objective on T-Mobile US from $180.00 to $185.00 and gave the company a “strong-buy” rating in a report on Friday, January 26th. Wells Fargo & Company upped their target price on T-Mobile US from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Monday, January 22nd. Oppenheimer reaffirmed an “outperform” rating and set a $190.00 target price on shares of T-Mobile US in a report on Wednesday, April 3rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $184.00 target price on shares of T-Mobile US in a report on Wednesday, March 20th. Finally, Morgan Stanley upped their target price on T-Mobile US from $180.00 to $186.00 and gave the company an “overweight” rating in a report on Monday, January 29th. One equities research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $185.93.

Insiders Place Their Bets

In other T-Mobile US news, Director Telekom Ag Deutsche sold 170,703 shares of the company’s stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $159.98, for a total value of $27,309,065.94. Following the completion of the sale, the director now directly owns 679,434,731 shares in the company, valued at $108,695,968,265.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other T-Mobile US news, Director Telekom Ag Deutsche sold 170,703 shares of the company’s stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $159.98, for a total value of $27,309,065.94. Following the transaction, the director now owns 679,434,731 shares of the company’s stock, valued at $108,695,968,265.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michael J. Katz sold 6,655 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $161.23, for a total value of $1,072,985.65. Following the completion of the transaction, the insider now directly owns 126,616 shares in the company, valued at approximately $20,414,297.68. The disclosure for this sale can be found here. Insiders sold 5,811,459 shares of company stock worth $942,634,782 over the last ninety days. Company insiders own 0.70% of the company’s stock.

T-Mobile US Stock Performance

Shares of NASDAQ TMUS opened at $162.36 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.18. The stock has a 50 day simple moving average of $162.30 and a 200-day simple moving average of $156.54. The company has a market cap of $192.70 billion, a PE ratio of 23.43, a P/E/G ratio of 0.66 and a beta of 0.49. T-Mobile US, Inc. has a 12-month low of $124.92 and a 12-month high of $168.64.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Thursday, January 25th. The Wireless communications provider reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.90 by ($0.23). The business had revenue of $20.48 billion for the quarter, compared to analyst estimates of $19.67 billion. T-Mobile US had a return on equity of 12.69% and a net margin of 10.59%. The business’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.18 earnings per share. On average, equities research analysts forecast that T-Mobile US, Inc. will post 8.95 EPS for the current year.

T-Mobile US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Friday, May 31st will be given a $0.65 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $2.60 dividend on an annualized basis and a yield of 1.60%. T-Mobile US’s dividend payout ratio (DPR) is 37.52%.

T-Mobile US Company Profile

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.