PGGM Investments Sells 5,659 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

PGGM Investments lowered its position in T-Mobile US, Inc. (NASDAQ:TMUSFree Report) by 43.4% during the 3rd quarter, Holdings Channel reports. The firm owned 7,368 shares of the Wireless communications provider’s stock after selling 5,659 shares during the quarter. PGGM Investments’ holdings in T-Mobile US were worth $1,032,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Softbank Group CORP. grew its stake in T-Mobile US by 9.0% in the second quarter. Softbank Group CORP. now owns 43,338,209 shares of the Wireless communications provider’s stock worth $6,019,677,000 after purchasing an additional 3,566,400 shares in the last quarter. State Street Corp grew its stake in T-Mobile US by 3.7% in the second quarter. State Street Corp now owns 24,733,273 shares of the Wireless communications provider’s stock worth $3,435,452,000 after purchasing an additional 874,192 shares in the last quarter. Norges Bank bought a new position in T-Mobile US in the fourth quarter worth approximately $2,801,442,000. Morgan Stanley grew its stake in T-Mobile US by 18.8% in the fourth quarter. Morgan Stanley now owns 10,984,556 shares of the Wireless communications provider’s stock worth $1,537,838,000 after purchasing an additional 1,742,108 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in T-Mobile US by 0.7% in the third quarter. Bank of New York Mellon Corp now owns 6,725,113 shares of the Wireless communications provider’s stock worth $902,309,000 after purchasing an additional 47,956 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Morgan Stanley increased their price objective on T-Mobile US from $180.00 to $186.00 and gave the stock an “overweight” rating in a research note on Monday, January 29th. KeyCorp dropped their target price on T-Mobile US from $183.00 to $175.00 and set an “overweight” rating on the stock in a research report on Friday, January 26th. Raymond James increased their target price on T-Mobile US from $180.00 to $185.00 and gave the company a “strong-buy” rating in a research report on Friday, January 26th. Benchmark reaffirmed a “buy” rating and set a $200.00 target price on shares of T-Mobile US in a research report on Friday, January 26th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $190.00 target price on shares of T-Mobile US in a research report on Tuesday, December 19th. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $183.87.

Read Our Latest Stock Report on TMUS

Insider Buying and Selling

In related news, CEO G Michael Sievert sold 20,000 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $146.90, for a total value of $2,938,000.00. Following the completion of the transaction, the chief executive officer now owns 606,339 shares in the company, valued at approximately $89,071,199.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Telekom Ag Deutsche sold 194,910 shares of the firm’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $161.40, for a total value of $31,458,474.00. Following the completion of the transaction, the director now owns 689,541,011 shares in the company, valued at approximately $111,291,919,175.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO G Michael Sievert sold 20,000 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $146.90, for a total value of $2,938,000.00. Following the completion of the transaction, the chief executive officer now owns 606,339 shares of the company’s stock, valued at approximately $89,071,199.10. The disclosure for this sale can be found here. Insiders sold 2,506,592 shares of company stock worth $405,996,241 in the last 90 days. Insiders own 0.70% of the company’s stock.

T-Mobile US Stock Up 0.1 %

T-Mobile US stock opened at $162.01 on Tuesday. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.91 and a quick ratio of 0.83. The stock has a market capitalization of $187.36 billion, a price-to-earnings ratio of 23.38, a PEG ratio of 0.60 and a beta of 0.50. T-Mobile US, Inc. has a 1-year low of $124.92 and a 1-year high of $165.95. The business has a fifty day moving average price of $159.33 and a 200-day moving average price of $147.27.

T-Mobile US (NASDAQ:TMUSGet Free Report) last posted its quarterly earnings data on Thursday, January 25th. The Wireless communications provider reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.23). The business had revenue of $20.48 billion during the quarter, compared to analyst estimates of $19.67 billion. T-Mobile US had a return on equity of 12.69% and a net margin of 10.59%. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.18 EPS. Equities research analysts forecast that T-Mobile US, Inc. will post 9.24 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 14th. Investors of record on Friday, March 1st will be paid a $0.65 dividend. The ex-dividend date is Thursday, February 29th. This represents a $2.60 dividend on an annualized basis and a yield of 1.60%. T-Mobile US’s dividend payout ratio (DPR) is 37.52%.

T-Mobile US Company Profile

(Free Report)

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; leasing through JUMP! On Demand; and High Speed Internet services.

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Institutional Ownership by Quarter for T-Mobile US (NASDAQ:TMUS)

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