Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) by 2.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 548,817 shares of the Wireless communications provider’s stock after purchasing an additional 10,517 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in T-Mobile US were worth $131,376,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Howard Hughes Medical Institute purchased a new stake in shares of T-Mobile US during the second quarter worth $25,000. Missouri Trust & Investment Co raised its stake in shares of T-Mobile US by 807.7% during the 2nd quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 105 shares in the last quarter. Elevation Wealth Partners LLC lifted its stake in T-Mobile US by 190.0% in the third quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 76 shares during the last quarter. Aspect Partners LLC increased its position in T-Mobile US by 112.1% during the second quarter. Aspect Partners LLC now owns 123 shares of the Wireless communications provider’s stock worth $29,000 after buying an additional 65 shares during the last quarter. Finally, CoreFirst Bank & Trust bought a new position in shares of T-Mobile US in the 2nd quarter valued at approximately $31,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.
Insider Buying and Selling at T-Mobile US
In other news, Director Letitia A. Long sold 1,457 shares of the stock in a transaction on Friday, December 5th. The stock was sold at an average price of $210.32, for a total value of $306,436.24. Following the sale, the director directly owned 5,438 shares of the company’s stock, valued at approximately $1,143,720.16. This represents a 21.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director G Michael Sievert sold 22,500 shares of T-Mobile US stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $216.97, for a total transaction of $4,881,825.00. Following the completion of the sale, the director owned 308,696 shares of the company’s stock, valued at $66,977,771.12. This represents a 6.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 206,341 shares of company stock valued at $45,350,010. 0.37% of the stock is currently owned by company insiders.
T-Mobile US Stock Down 1.4%
T-Mobile US (NASDAQ:TMUS – Get Free Report) last issued its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.40 by $0.01. The company had revenue of $21.96 billion during the quarter, compared to the consensus estimate of $21.61 billion. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The firm’s revenue was up 8.9% compared to the same quarter last year. During the same period last year, the company earned $2.61 earnings per share. Equities analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.
T-Mobile US Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Friday, February 27th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.2%. The ex-dividend date is Friday, February 27th. T-Mobile US’s payout ratio is presently 39.23%.
Analyst Ratings Changes
Several brokerages have recently issued reports on TMUS. Oppenheimer downgraded T-Mobile US from an “outperform” rating to a “market perform” rating in a research report on Friday, November 21st. Rothschild Redb upgraded shares of T-Mobile US to a “hold” rating in a research report on Tuesday, September 30th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of T-Mobile US in a research note on Monday, December 15th. UBS Group restated a “buy” rating on shares of T-Mobile US in a research report on Wednesday, December 10th. Finally, Scotiabank boosted their target price on T-Mobile US from $271.50 to $278.00 and gave the stock a “sector outperform” rating in a research report on Monday, October 6th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat.com, T-Mobile US currently has a consensus rating of “Moderate Buy” and a consensus target price of $257.76.
View Our Latest Report on T-Mobile US
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.
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