T-Mobile US, Inc. $TMUS Shares Sold by SteelPeak Wealth LLC

SteelPeak Wealth LLC trimmed its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 97.7% during the third quarter, Holdings Channel reports. The fund owned 3,923 shares of the Wireless communications provider’s stock after selling 167,948 shares during the quarter. SteelPeak Wealth LLC’s holdings in T-Mobile US were worth $640,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in T-Mobile US during the second quarter worth approximately $6,625,275,000. Bank of New York Mellon Corp bought a new position in shares of T-Mobile US in the second quarter valued at approximately $839,194,000. Bank of America Corp DE bought a new position in shares of T-Mobile US in the second quarter valued at approximately $758,977,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of T-Mobile US by 1.1% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,076,380 shares of the Wireless communications provider’s stock worth $683,731,000 after buying an additional 43,783 shares during the last quarter. Finally, Amundi boosted its holdings in shares of T-Mobile US by 2.6% during the 2nd quarter. Amundi now owns 3,775,445 shares of the Wireless communications provider’s stock worth $633,255,000 after buying an additional 95,650 shares during the period. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TMUS has been the topic of a number of research analyst reports. TD Cowen lowered their target price on shares of T-Mobile US from $261.00 to $260.00 and set a “buy” rating on the stock in a research note on Friday, July 24th. Royal Bank Of Canada lowered their price target on T-Mobile US from $240.00 to $230.00 and set an “outperform” rating on the stock in a research report on Monday, July 20th. Wells Fargo & Company dropped their price objective on T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating on the stock in a research note on Friday, July 24th. Raymond James Financial upgraded T-Mobile US from a “market perform” rating to an “outperform” rating and set a $170.00 price objective on the stock in a research note on Monday, October 12th. Finally, Moffett Nathanson boosted their price objective on T-Mobile US from $242.00 to $246.00 and gave the stock a “buy” rating in a research report on Tuesday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $244.65.

Insider Buying and Selling

In other T-Mobile US news, CAO Daniel James Drobac sold 772 shares of T-Mobile US stock in a transaction 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 sale, the chief accounting officer owned 35,118 shares in the company, valued at $6,262,592.94. The trade was a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.32% of the stock is currently owned by company insiders.

T-Mobile US Trading Down 1.9%

T-Mobile US stock opened at $156.09 on Tuesday. The business has a 50 day moving average price of $172.47 and a two-hundred day moving average price of $181.81. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 1.48. T-Mobile US, Inc. has a 12 month low of $147.90 and a 12 month high of $230.54. The stock has a market cap of $167.43 billion, a price-to-earnings ratio of 16.34, a price-to-earnings-growth ratio of 0.99 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.40. The company had revenue of $22.79 billion for the quarter, compared to analyst estimates of $22.95 billion. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%. T-Mobile US’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter last year, the firm earned $2.84 EPS. As a group, equities analysts forecast that T-Mobile US, Inc. will post 11.17 EPS for the current year.

T-Mobile US Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Wednesday, November 25th will be given a $1.17 dividend. This represents a $4.68 annualized dividend and a yield of 3.0%. This is an increase from T-Mobile US’s previous quarterly dividend of $1.02. The ex-dividend date of this dividend is Wednesday, November 25th. T-Mobile US’s dividend payout ratio (DPR) is 42.72%.

About T-Mobile US

T-Mobile US, Inc (NASDAQ: TMUS) is a wireless communications company that provides mobile voice, messaging and data services to consumers, businesses and government customers in the United States, Puerto Rico and the U.S. Virgin Islands. Its offerings include postpaid and prepaid wireless plans, connected devices, broadband internet and other communications services.

The company operates a nationwide wireless network, including 5G services, and sells smartphones, tablets, connected devices and related accessories through retail stores, online channels and third-party distributors.