NBC Securities Inc. Sells 2,909 Shares of T-Mobile US, Inc. $TMUS

NBC Securities Inc. reduced its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 8.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 30,928 shares of the Wireless communications provider’s stock after selling 2,909 shares during the quarter. T-Mobile US comprises about 0.5% of NBC Securities Inc.’s holdings, making the stock its 27th largest position. NBC Securities Inc.’s holdings in T-Mobile US were worth $6,280,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in T-Mobile US by 1.5% in the third quarter. Vanguard Group Inc. now owns 42,797,074 shares of the Wireless communications provider’s stock valued at $10,244,764,000 after acquiring an additional 636,192 shares during the last quarter. State Street Corp boosted its stake in T-Mobile US by 4.7% in the third quarter. State Street Corp now owns 24,234,085 shares of the Wireless communications provider’s stock valued at $5,801,155,000 after acquiring an additional 1,092,769 shares during the last quarter. Capital International Investors boosted its stake in T-Mobile US by 5.5% in the third quarter. Capital International Investors now owns 13,726,288 shares of the Wireless communications provider’s stock valued at $3,285,608,000 after acquiring an additional 711,278 shares during the last quarter. Wellington Management Group LLP boosted its stake in T-Mobile US by 47.5% in the third quarter. Wellington Management Group LLP now owns 13,461,669 shares of the Wireless communications provider’s stock valued at $3,222,454,000 after acquiring an additional 4,335,368 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in T-Mobile US by 6.1% in the third quarter. Invesco Ltd. now owns 7,903,104 shares of the Wireless communications provider’s stock valued at $1,891,845,000 after acquiring an additional 453,096 shares during the last quarter. 42.49% of the stock is owned by institutional investors.

T-Mobile US Trading Up 2.7%

Shares of NASDAQ:TMUS opened at $194.07 on Friday. T-Mobile US, Inc. has a 12 month low of $181.36 and a 12 month high of $263.79. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.45. The company’s fifty day simple moving average is $208.80 and its 200 day simple moving average is $206.66. The firm has a market cap of $213.84 billion, a price-to-earnings ratio of 19.99, a PEG ratio of 1.23 and a beta of 0.43.

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Friday, May 29th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Friday, May 29th. T-Mobile US’s dividend payout ratio (DPR) is presently 42.02%.

Insider Buying and Selling at T-Mobile US

In related news, CFO Peter Osvaldik sold 27,000 shares of the firm’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $214.86, for a total transaction of $5,801,220.00. Following the sale, the chief financial officer directly owned 51,573 shares in the company, valued at $11,080,974.78. This trade represents a 34.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Srikant M. Datar sold 3,291 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $221.10, for a total transaction of $727,640.10. Following the sale, the director owned 1,038 shares in the company, valued at approximately $229,501.80. The trade was a 76.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 694,134 shares of company stock valued at $150,847,799 over the last quarter. 0.37% of the stock is currently owned by corporate insiders.

T-Mobile US News Roundup

Here are the key news stories impacting T-Mobile US this week:

• Positive Sentiment: T-Mobile flagged as deeply oversold by some market commentators, suggesting a potential rebound if Q1 results meet or beat expectations. T-Mobile is the most oversold communication services stock
• Positive Sentiment: New consumer initiative: T?Mobile is trialing same?day DoorDash delivery for 5G home internet equipment — a small but tangible retail/service improvement that can help customer experience and distribution. T-Mobile Begins DoorDashing 5G Internet
• Neutral Sentiment: Sanford C. Bernstein reaffirmed its “Neutral” rating on TMUS, which is unlikely to spark major directional moves but reinforces cautious investor sentiment. Bernstein Reaffirms “Neutral” Rating
• Neutral Sentiment: Wall Street is focused on T?Mobile’s upcoming Q1 results; previews and metric-level forecasts are keeping traders attentive to subscriber growth and margin signals. Countdown to T-Mobile Q1 Earnings
• Negative Sentiment: Major driver of the drop: extensive reporting that Deutsche Telekom is exploring a full takeover or merger with T?Mobile to create a huge telecom giant — the prospect has sparked regulatory concern, geopolitical and antitrust questions, and forced re?pricing of both stocks. Explainer on possible M&A deal (Reuters)
• Negative Sentiment: Follow?on coverage has described sharp share declines and market anxiety over the scale and political/regulatory feasibility of a $260B–$400B transaction, which is pressuring TMUS sentiment across the tape. Stocks crashing on merger talks

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Wells Fargo & Company raised their price objective on shares of T-Mobile US from $225.00 to $235.00 and gave the company an “overweight” rating in a research note on Friday, February 13th. KeyCorp upgraded shares of T-Mobile US from a “sector weight” rating to an “overweight” rating and set a $260.00 target price on the stock in a report on Monday, April 13th. Royal Bank Of Canada cut their target price on shares of T-Mobile US from $270.00 to $255.00 and set an “outperform” rating on the stock in a report on Friday, January 16th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of T-Mobile US in a report on Thursday, February 12th. Finally, Sanford C. Bernstein reiterated a “neutral” rating on shares of T-Mobile US in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $260.91.

T-Mobile US Company 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.