Prudential PLC Sells 4,317 Shares of T-Mobile US, Inc. $TMUS

Prudential PLC lowered its position in T-Mobile US, Inc. (NASDAQ:TMUSFree Report) by 15.6% during the 4th quarter, HoldingsChannel reports. The firm owned 23,425 shares of the Wireless communications provider’s stock after selling 4,317 shares during the period. Prudential PLC’s holdings in T-Mobile US were worth $4,756,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. CYBER HORNET ETFs LLC increased its holdings in shares of T-Mobile US by 3.8% in the third quarter. CYBER HORNET ETFs LLC now owns 1,319 shares of the Wireless communications provider’s stock worth $316,000 after purchasing an additional 48 shares during the period. Appleton Partners Inc. MA increased its holdings in shares of T-Mobile US by 5.3% in the third quarter. Appleton Partners Inc. MA now owns 971 shares of the Wireless communications provider’s stock worth $232,000 after purchasing an additional 49 shares during the period. MJP Associates Inc. ADV increased its holdings in shares of T-Mobile US by 2.7% in the third quarter. MJP Associates Inc. ADV now owns 1,886 shares of the Wireless communications provider’s stock worth $452,000 after purchasing an additional 49 shares during the period. Tevis Investment Management increased its holdings in shares of T-Mobile US by 3.0% in the third quarter. Tevis Investment Management now owns 1,688 shares of the Wireless communications provider’s stock worth $404,000 after purchasing an additional 49 shares during the period. Finally, Meiji Yasuda Life Insurance Co increased its holdings in shares of T-Mobile US by 0.6% in the third quarter. Meiji Yasuda Life Insurance Co now owns 8,094 shares of the Wireless communications provider’s stock worth $1,938,000 after purchasing an additional 50 shares during the period. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $178.10 on Friday. The company has a 50-day simple moving average of $193.65 and a two-hundred day simple moving average of $200.69. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.58. T-Mobile US, Inc. has a 12-month low of $174.02 and a 12-month high of $261.56. The firm has a market cap of $192.74 billion, a price-to-earnings ratio of 18.95, a PEG ratio of 1.04 and a beta of 0.31.

T-Mobile US (NASDAQ:TMUSGet Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.26. T-Mobile US had a net margin of 11.65% and a return on equity of 19.47%. The business had revenue of $23.11 billion during the quarter, compared to analyst estimates of $22.98 billion. During the same period in the prior year, the business posted $2.58 earnings per share. The company’s revenue was up 10.6% on a year-over-year basis. On average, equities analysts forecast that T-Mobile US, Inc. will post 10.65 EPS for the current year.

T-Mobile US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 29th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Friday, May 29th. T-Mobile US’s dividend payout ratio is currently 43.40%.

T-Mobile US News Summary

Here are the key news stories impacting T-Mobile US this week:

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Freedom Capital raised shares of T-Mobile US from a “hold” rating to a “strong-buy” rating in a report on Friday, April 17th. Moffett Nathanson raised shares of T-Mobile US from a “neutral” rating to a “buy” rating and set a $254.00 price target on the stock in a report on Wednesday, April 8th. Morgan Stanley assumed coverage on shares of T-Mobile US in a report on Thursday, April 16th. They issued an “overweight” rating and a $260.00 price target on the stock. UBS Group reiterated a “buy” rating on shares of T-Mobile US in a research report on Wednesday, April 29th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of T-Mobile US in a research report on Friday, April 10th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $260.48.

Read Our Latest Stock Report on T-Mobile US

Insider Transactions at T-Mobile US

In other news, insider Andre Almeida bought 5,097 shares of the company’s stock in a transaction dated Friday, May 1st. The stock was bought at an average cost of $196.18 per share, for a total transaction of $999,929.46. Following the completion of the acquisition, the insider owned 44,850 shares in the company, valued at approximately $8,798,673. This trade represents a 12.82% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Michael J. Katz sold 5,000 shares of the stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $195.81, for a total transaction of $979,050.00. Following the sale, the insider owned 181,930 shares of the company’s stock, valued at approximately $35,623,713.30. This represents a 2.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.32% of the stock is currently owned by company insiders.

About T-Mobile US

(Free Report)

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.

See Also

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

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