T-Mobile US, Inc. $TMUS Shares Sold by Keybank National Association OH

Keybank National Association OH reduced its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 15.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in TMUS. Cornerstone Wealth Management LLC grew its holdings in T-Mobile US by 9.3% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 3,105 shares of the Wireless communications provider’s stock worth $506,000 after acquiring an additional 264 shares in the last quarter. New York Life Investment Management LLC increased its position in shares of T-Mobile US by 10.6% in the 3rd quarter. New York Life Investment Management LLC now owns 71,758 shares of the Wireless communications provider’s stock worth $11,702,000 after purchasing an additional 6,872 shares during the last quarter. 71 West Capital Partners increased its position in shares of T-Mobile US by 4.0% in the 3rd quarter. 71 West Capital Partners now owns 3,857 shares of the Wireless communications provider’s stock worth $629,000 after purchasing an additional 148 shares during the last quarter. Retirement Systems of Alabama raised its stake in shares of T-Mobile US by 3.5% in the 3rd quarter. Retirement Systems of Alabama now owns 101,226 shares of the Wireless communications provider’s stock valued at $16,508,000 after purchasing an additional 3,466 shares in the last quarter. Finally, Fulcrum Asset Management LLP raised its stake in shares of T-Mobile US by 27.8% in the 3rd quarter. Fulcrum Asset Management LLP now owns 25,528 shares of the Wireless communications provider’s stock valued at $4,161,000 after purchasing an additional 5,547 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $172.16 on Thursday. The firm’s 50 day moving average is $164.28 and its two-hundred day moving average is $185.96. T-Mobile US, Inc. has a 52 week low of $143.75 and a 52 week high of $224.75. The firm has a market capitalization of $182.36 billion, a P/E ratio of 16.62, a PEG ratio of 0.98 and a beta of 0.40. The company has a current ratio of 0.91, a quick ratio of 0.78 and a debt-to-equity ratio of 1.45.

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 for the quarter, beating analysts’ consensus estimates of $2.89 by $0.33. The company had revenue of $23.58 billion for the quarter, compared to analysts’ expectations of $23.15 billion. T-Mobile US had a return on equity of 21.47% and a net margin of 12.05%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.41 earnings per share. Analysts anticipate that T-Mobile US, Inc. will post 11.50 earnings per share for the current year.

T-Mobile US Increases Dividend

The firm 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. The ex-dividend date is Wednesday, November 25th. This represents a $4.68 annualized dividend and a yield of 2.7%. This is an increase from T-Mobile US’s previous quarterly dividend of $1.02. T-Mobile US’s payout ratio is 39.38%.

Insider Buying and Selling

In related news, CAO Daniel James Drobac sold 772 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $178.33, for a total value of $137,670.76. Following the sale, the chief accounting officer directly owned 35,118 shares in the company, valued at $6,262,592.94. This trade represents a 2.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.32% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

TMUS has been the topic of several research analyst reports. Wells Fargo & Company reduced their price target on shares of T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating on the stock in a research report on Friday, July 24th. Sanford C. Bernstein reiterated a “neutral” rating on shares of T-Mobile US in a research note on Monday, September 28th. Weiss Ratings reissued a “hold (c)” rating on shares of T-Mobile US in a report on Friday, September 11th. Wolfe Research cut T-Mobile US from an “outperform” rating to a “peer perform” rating in a research note on Friday, August 14th. Finally, Moffett Nathanson upped their price objective on T-Mobile US from $242.00 to $246.00 and gave the company a “buy” rating in a research note on Tuesday, September 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $235.13.

About T-Mobile US

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.