T-Mobile US, Inc. $TMUS Stock Position Lowered by Invesco Ltd.

Invesco Ltd. decreased its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 2.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,450,008 shares of the Wireless communications provider’s stock after selling 197,844 shares during the quarter. Invesco Ltd. owned about 0.66% of T-Mobile US worth $1,775,039,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Federated Hermes Inc. grew its stake in shares of T-Mobile US by 155.3% in the 1st quarter. Federated Hermes Inc. now owns 10,936 shares of the Wireless communications provider’s stock worth $2,917,000 after purchasing an additional 6,653 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in T-Mobile US by 16.6% during the first quarter. Commonwealth Equity Services LLC now owns 224,829 shares of the Wireless communications provider’s stock worth $59,964,000 after buying an additional 31,963 shares in the last quarter. Advyzon Investment Management LLC acquired a new position in T-Mobile US in the first quarter worth approximately $270,000. Cary Street Partners Financial LLC grew its position in T-Mobile US by 247.0% in the first quarter. Cary Street Partners Financial LLC now owns 5,392 shares of the Wireless communications provider’s stock worth $1,438,000 after buying an additional 3,838 shares during the last quarter. Finally, Horizon Family Wealth Inc. increased its holdings in shares of T-Mobile US by 11.7% in the first quarter. Horizon Family Wealth Inc. now owns 3,012 shares of the Wireless communications provider’s stock valued at $803,000 after buying an additional 316 shares in the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 1,374 shares of the company’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $220.46, for a total transaction of $302,912.04. Following the completion of the sale, the director owned 582,065,875 shares in the company, valued at approximately $128,322,242,802.50. This represents a 0.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director G Michael Sievert sold 22,500 shares of the firm’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $216.97, for a total transaction of $4,881,825.00. Following the completion of the transaction, the director owned 308,696 shares in the company, valued at $66,977,771.12. The trade was a 6.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,509,661 shares of company stock valued at $351,691,810 in the last quarter. Corporate insiders own 0.37% of the company’s stock.

Analyst Ratings Changes

TMUS has been the subject of several research reports. Scotiabank raised their price objective on T-Mobile US from $271.50 to $278.00 and gave the stock a “sector outperform” rating in a research note on Monday, October 6th. Hsbc Global Res upgraded T-Mobile US from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 24th. The Goldman Sachs Group started coverage on T-Mobile US in a report on Tuesday, September 2nd. They set a “buy” rating and a $286.00 price objective on the stock. Daiwa Capital Markets reduced their price objective on shares of T-Mobile US from $240.00 to $230.00 and set a “neutral” rating for the company in a research note on Tuesday, October 28th. Finally, Cowen reissued a “buy” rating on shares of T-Mobile US in a research report on Friday, October 24th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat, T-Mobile US has an average rating of “Moderate Buy” and an average target price of $266.83.

T-Mobile US Stock Up 1.7%

TMUS stock opened at $210.13 on Wednesday. The company has a 50 day moving average of $219.08 and a two-hundred day moving average of $232.80. The company has a market cap of $235.03 billion, a price-to-earnings ratio of 20.20, a PEG ratio of 1.51 and a beta of 0.57. T-Mobile US, Inc. has a 12-month low of $199.41 and a 12-month high of $276.49. The company has a quick ratio of 0.80, a current ratio of 0.89 and a debt-to-equity ratio of 1.37.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.40 by $0.01. The business had revenue of $21.96 billion for the quarter, compared to the consensus estimate of $21.61 billion. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. T-Mobile US’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the prior year, the business posted $2.61 earnings per share. On average, equities analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be issued a dividend of $1.02 per share. The ex-dividend date is Wednesday, November 26th. This represents a $4.08 annualized dividend and a dividend yield of 1.9%. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s dividend payout ratio is presently 39.23%.

T-Mobile US Profile

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.