T-Mobile US, Inc. $TMUS Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans boosted its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 16.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 98,469 shares of the Wireless communications provider’s stock after purchasing an additional 14,110 shares during the period. Thrivent Financial for Lutherans’ holdings in T-Mobile US were worth $20,010,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of TMUS. United Community Bank grew its stake in T-Mobile US by 131.1% in the 3rd quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 59 shares during the period. JDM Financial Group LLC grew its stake in T-Mobile US by 114.0% in the 4th quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 65 shares during the period. Turning Point Benefit Group Inc. increased its stake in shares of T-Mobile US by 3,825.0% during the fourth quarter. Turning Point Benefit Group Inc. now owns 157 shares of the Wireless communications provider’s stock worth $32,000 after purchasing an additional 153 shares in the last quarter. Cloud Capital Management LLC acquired a new position in shares of T-Mobile US during the third quarter valued at approximately $38,000. Finally, Ares Financial Consulting LLC purchased a new position in T-Mobile US in the 4th quarter valued at $38,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Wall Street Analysts Forecast Growth

TMUS has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft lowered their price target on shares of T-Mobile US from $300.00 to $285.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Weiss Ratings reiterated a “hold (c+)” rating on shares of T-Mobile US in a report on Friday, April 10th. Morgan Stanley assumed coverage on shares of T-Mobile US in a research note on Thursday, April 16th. They issued an “overweight” rating and a $260.00 price target on the stock. DZ Bank reissued a “buy” rating on shares of T-Mobile US in a research note on Wednesday, May 6th. Finally, Daiwa Securities Group raised T-Mobile US from a “neutral” rating to an “outperform” rating and set a $240.00 target price on the stock in a research report on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $260.48.

Insider Buying and Selling

In other news, Director G Michael Sievert sold 80,000 shares of the business’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $214.94, for a total value of $17,195,200.00. Following the completion of the sale, the director directly owned 140,696 shares of the company’s stock, valued at approximately $30,241,198.24. The trade was a 36.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Andre Almeida bought 5,097 shares of T-Mobile US stock in a transaction dated Friday, May 1st. The stock was purchased at an average cost of $196.18 per share, with a total value of $999,929.46. Following the completion of the acquisition, the insider directly owned 44,850 shares in the company, valued at approximately $8,798,673. The trade was a 12.82% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold a total of 149,134 shares of company stock valued at $32,163,349 over the last three months. 0.37% of the stock is currently owned by insiders.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $185.22 on Monday. The stock’s 50-day moving average is $201.37 and its two-hundred day moving average is $202.95. The company has a market cap of $200.45 billion, a price-to-earnings ratio of 19.70, a price-to-earnings-growth ratio of 1.09 and a beta of 0.33. T-Mobile US, Inc. has a 1-year low of $181.36 and a 1-year high of $261.56. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.09 and a quick ratio of 0.97.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.26. The firm had revenue of $23.11 billion for the quarter, compared to analysts’ expectations of $22.98 billion. T-Mobile US had a net margin of 11.65% and a return on equity of 19.47%. The firm’s revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the company earned $2.58 earnings per share. Analysts forecast that T-Mobile US, Inc. will post 10.65 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 29th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, May 29th. T-Mobile US’s dividend payout ratio is currently 43.40%.

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.