Keybank National Association OH Decreases Stake in T-Mobile US, Inc. $TMUS

Keybank National Association OH cut its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 37.3% in the first quarter, Holdings Channel reports. The firm owned 260,394 shares of the Wireless communications provider’s stock after selling 155,023 shares during the period. Keybank National Association OH’s holdings in T-Mobile US were worth $54,691,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. JDM Financial Group LLC lifted its position in T-Mobile US by 114.0% during the 4th quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 65 shares during the period. Swiss RE Ltd. purchased a new stake in T-Mobile US in the 4th quarter worth approximately $29,000. Turning Point Benefit Group Inc. grew its position in 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 valued at $32,000 after buying an additional 153 shares during the period. Acumen Wealth Advisors LLC acquired a new stake in shares of T-Mobile US during the 4th quarter valued at about $36,000. Finally, United Community Bank increased its holdings in T-Mobile US by 78.8% in the 4th quarter. United Community Bank now owns 186 shares of the Wireless communications provider’s stock worth $38,000 after acquiring an additional 82 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Activity

In related news, insider Michael J. Katz sold 5,000 shares of the firm’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $195.81, for a total transaction of $979,050.00. Following the completion of the sale, the insider directly owned 181,930 shares of the company’s stock, valued at approximately $35,623,713.30. This trade represents a 2.67% 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 acquired 5,097 shares of the stock in a transaction on Friday, May 1st. The shares were acquired at an average price of $196.18 per share, with a total value of $999,929.46. Following the purchase, the insider owned 44,850 shares in the company, valued at $8,798,673. This represents a 12.82% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.32% of the company’s stock.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $177.52 on Friday. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.09 and a quick ratio of 0.97. The firm has a market capitalization of $192.11 billion, a price-to-earnings ratio of 18.89, a price-to-earnings-growth ratio of 1.01 and a beta of 0.33. T-Mobile US, Inc. has a 12 month low of $165.66 and a 12 month high of $261.56. The business’s 50 day simple moving average is $186.32 and its 200-day simple moving average is $197.22.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $22.98 billion. During the same period last year, the company posted $2.58 EPS. The company’s revenue was up 10.6% on a year-over-year basis. As a group, equities analysts forecast that T-Mobile US, Inc. will post 10.65 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 28th will be issued a $1.02 dividend. The ex-dividend date is Friday, August 28th. This represents a $4.08 dividend on an annualized basis and a yield of 2.3%. T-Mobile US’s dividend payout ratio (DPR) is presently 43.40%.

Analysts Set New Price Targets

Several equities research analysts recently commented on TMUS shares. Arete Research increased their price target on T-Mobile US from $295.00 to $300.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Morgan Stanley initiated coverage on T-Mobile US in a research report on Thursday, April 16th. They issued an “overweight” rating and a $260.00 target price for the company. Sanford C. Bernstein reaffirmed a “neutral” rating on shares of T-Mobile US in a research report on Wednesday, April 22nd. Freedom Capital upgraded shares of T-Mobile US from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 17th. Finally, JPMorgan Chase & Co. reissued a “buy” rating on shares of T-Mobile US in a report on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $260.27.

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.