Truist Financial Corp Sells 15,551 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Truist Financial Corp trimmed its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 3.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 439,944 shares of the Wireless communications provider’s stock after selling 15,551 shares during the quarter. Truist Financial Corp’s holdings in T-Mobile US were worth $70,536,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in TMUS. OLD National Bancorp IN raised its stake in T-Mobile US by 1.9% during the fourth quarter. OLD National Bancorp IN now owns 3,356 shares of the Wireless communications provider’s stock valued at $538,000 after purchasing an additional 62 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in T-Mobile US by 3.9% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,748 shares of the Wireless communications provider’s stock valued at $280,000 after purchasing an additional 66 shares in the last quarter. Transatlantique Private Wealth LLC raised its stake in T-Mobile US by 0.4% during the third quarter. Transatlantique Private Wealth LLC now owns 16,400 shares of the Wireless communications provider’s stock valued at $2,296,000 after purchasing an additional 68 shares in the last quarter. Hohimer Wealth Management LLC raised its stake in T-Mobile US by 0.9% during the third quarter. Hohimer Wealth Management LLC now owns 7,526 shares of the Wireless communications provider’s stock valued at $1,054,000 after purchasing an additional 68 shares in the last quarter. Finally, Tranquility Partners LLC raised its stake in T-Mobile US by 1.9% during the fourth quarter. Tranquility Partners LLC now owns 3,826 shares of the Wireless communications provider’s stock valued at $613,000 after purchasing an additional 71 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Oppenheimer reaffirmed an “outperform” rating and set a $190.00 price target on shares of T-Mobile US in a research note on Wednesday, April 3rd. TD Cowen decreased their price target 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. Citigroup boosted their price objective on shares of T-Mobile US from $176.00 to $184.00 and gave the company a “buy” rating in a research report on Monday, March 25th. Royal Bank of Canada boosted 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 report on Friday. Finally, KeyCorp boosted their price objective on shares of T-Mobile US from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday. One investment analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $186.33.

Insider Buying and Selling

In related news, Director Telekom Ag Deutsche sold 194,910 shares of the company’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $161.40, for a total value of $31,458,474.00. Following the completion of the sale, the director now directly owns 689,541,011 shares of the company’s stock, valued at $111,291,919,175.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, insider Michael J. Katz sold 6,655 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $161.23, for a total value of $1,072,985.65. Following the completion of the sale, the insider now directly owns 126,616 shares of the company’s stock, valued at $20,414,297.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Telekom Ag Deutsche sold 194,910 shares of the stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $161.40, for a total transaction of $31,458,474.00. Following the sale, the director now directly owns 689,541,011 shares of the company’s stock, valued at $111,291,919,175.40. The disclosure for this sale can be found here. Insiders sold a total of 6,180,319 shares of company stock valued at $1,002,629,987 over the last three months. 0.70% of the stock is owned by company insiders.

T-Mobile US Trading Down 0.1 %

NASDAQ TMUS opened at $163.96 on Friday. The company’s 50-day moving average price is $162.51 and its 200-day moving average price is $157.08. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.18. The stock has a market cap of $194.60 billion, a PE ratio of 22.31, a PEG ratio of 0.68 and a beta of 0.49. T-Mobile US, Inc. has a 12 month low of $124.92 and a 12 month high of $168.64.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.17. The firm had revenue of $19.59 billion for the quarter, compared to analysts’ expectations of $19.81 billion. T-Mobile US had a net margin of 11.15% and a return on equity of 13.45%. The business’s revenue for the quarter was down .2% on a year-over-year basis. During the same period in the prior year, the business posted $1.58 earnings per share. Equities research analysts forecast that T-Mobile US, Inc. will post 8.97 earnings per share for the current year.

T-Mobile US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Friday, May 31st will be paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date is Friday, May 31st. T-Mobile US’s dividend payout ratio (DPR) is presently 35.37%.

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.