Allstate Corp Cuts Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Allstate Corp lessened its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 5.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,210 shares of the Wireless communications provider’s stock after selling 133 shares during the quarter. Allstate Corp’s holdings in T-Mobile US were worth $354,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in TMUS. EverSource Wealth Advisors LLC increased its holdings in T-Mobile US by 26.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 643 shares of the Wireless communications provider’s stock valued at $103,000 after acquiring an additional 135 shares in the last quarter. Assetmark Inc. boosted its stake in shares of T-Mobile US by 32.0% during the 4th quarter. Assetmark Inc. now owns 28,894 shares of the Wireless communications provider’s stock worth $4,633,000 after purchasing an additional 7,000 shares during the last quarter. STF Management LP boosted its stake in shares of T-Mobile US by 1.3% during the 4th quarter. STF Management LP now owns 19,578 shares of the Wireless communications provider’s stock worth $3,139,000 after purchasing an additional 257 shares during the last quarter. Corient Private Wealth LLC boosted its stake in shares of T-Mobile US by 2.9% during the 4th quarter. Corient Private Wealth LLC now owns 146,304 shares of the Wireless communications provider’s stock worth $23,457,000 after purchasing an additional 4,184 shares during the last quarter. Finally, D.A. Davidson & CO. boosted its stake in shares of T-Mobile US by 15.4% during the 4th quarter. D.A. Davidson & CO. now owns 32,962 shares of the Wireless communications provider’s stock worth $5,285,000 after purchasing an additional 4,407 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insider Buying and Selling

In other T-Mobile US news, Director Telekom Ag Deutsche sold 194,910 shares of T-Mobile US stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $163.85, for a total value of $31,936,003.50. Following the completion of the sale, the director now directly owns 686,227,541 shares in the company, valued at $112,438,382,592.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO G Michael Sievert sold 20,000 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $163.71, for a total transaction of $3,274,200.00. Following the transaction, the chief executive officer now owns 476,036 shares of the company’s stock, valued at $77,931,853.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Telekom Ag Deutsche sold 194,910 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $163.85, for a total transaction of $31,936,003.50. Following the completion of the sale, the director now directly owns 686,227,541 shares in the company, valued at approximately $112,438,382,592.85. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,835,010 shares of company stock worth $1,112,834,913. 0.67% of the stock is owned by company insiders.

T-Mobile US Trading Down 0.4 %

Shares of T-Mobile US stock traded down $0.58 during trading on Thursday, hitting $164.92. The stock had a trading volume of 1,277,530 shares, compared to its average volume of 4,453,849. The stock has a 50 day simple moving average of $162.48 and a 200 day simple moving average of $159.85. The company has a market capitalization of $193.26 billion, a PE ratio of 22.44, a P/E/G ratio of 0.64 and a beta of 0.48. The company has a quick ratio of 0.86, a current ratio of 0.94 and a debt-to-equity ratio of 1.25. T-Mobile US, Inc. has a 1 year low of $124.92 and a 1 year high of $168.64.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.17. The business had revenue of $19.59 billion for the quarter, compared to the consensus estimate of $19.81 billion. T-Mobile US had a net margin of 11.15% and a return on equity of 13.61%. The firm’s quarterly revenue was down .2% compared to the same quarter last year. During the same period last year, the firm posted $1.58 earnings per share. On average, research analysts expect that T-Mobile US, Inc. will post 9.02 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Friday, May 31st will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend is Friday, May 31st. T-Mobile US’s dividend payout ratio is currently 35.37%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TMUS. Benchmark reaffirmed a “buy” rating and set a $200.00 price target on shares of T-Mobile US in a research report on Friday, January 26th. Royal Bank of Canada lifted their price objective on shares of T-Mobile US from $184.00 to $188.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. StockNews.com upgraded shares of T-Mobile US from a “hold” rating to a “buy” rating in a research note on Thursday, May 16th. TD Cowen dropped their price objective on shares of T-Mobile US from $204.00 to $202.00 and set a “buy” rating on the stock in a research note on Friday, April 26th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $190.00 price target on shares of T-Mobile US in a report on Wednesday, April 3rd. Fourteen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $186.33.

T-Mobile US Company 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.