T-Mobile US, Inc. (NASDAQ:TMUS) Stake Cut by Allstate Corp

Allstate Corp cut its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 5.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,210 shares of the Wireless communications provider’s stock after selling 133 shares during the period. Allstate Corp’s holdings in T-Mobile US were worth $354,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in TMUS. OLD National Bancorp IN grew its holdings 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 worth $538,000 after acquiring an additional 62 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of T-Mobile US by 3.9% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,748 shares of the Wireless communications provider’s stock valued at $280,000 after buying an additional 66 shares during the last quarter. Transatlantique Private Wealth LLC raised its stake in shares of T-Mobile US by 0.4% in the 3rd quarter. Transatlantique Private Wealth LLC now owns 16,400 shares of the Wireless communications provider’s stock valued at $2,296,000 after acquiring an additional 68 shares in the last quarter. Hohimer Wealth Management LLC raised its stake in shares of T-Mobile US by 0.9% in the 3rd quarter. Hohimer Wealth Management LLC now owns 7,526 shares of the Wireless communications provider’s stock valued at $1,054,000 after acquiring an additional 68 shares in the last quarter. Finally, Tranquility Partners LLC raised its stake in shares of T-Mobile US by 1.9% in the 4th quarter. Tranquility Partners LLC now owns 3,826 shares of the Wireless communications provider’s stock valued at $613,000 after acquiring an additional 71 shares in the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 194,910 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $164.57, for a total transaction of $32,076,338.70. Following the completion of the sale, the director now directly owns 686,422,451 shares of the company’s stock, valued at approximately $112,964,542,761.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other T-Mobile US news, Director Telekom Ag Deutsche sold 194,910 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $164.57, for a total transaction of $32,076,338.70. Following the completion of the sale, the director now directly owns 686,422,451 shares of the company’s stock, valued at approximately $112,964,542,761.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Callie R. Field sold 5,844 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $168.44, for a total value of $984,363.36. Following the sale, the insider now directly owns 102,555 shares of the company’s stock, valued at $17,274,364.20. The disclosure for this sale can be found here. Insiders sold 6,835,010 shares of company stock valued at $1,112,834,913 in the last three months. Corporate insiders own 0.67% of the company’s stock.

T-Mobile US Price Performance

Shares of NASDAQ TMUS traded down $0.58 during mid-day trading on Thursday, hitting $164.92. 1,277,530 shares of the stock traded hands, compared to its average volume of 4,453,849. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.94 and a quick ratio of 0.86. T-Mobile US, Inc. has a twelve month low of $124.92 and a twelve month high of $168.64. The company has a market cap of $193.26 billion, a PE ratio of 22.44, a price-to-earnings-growth ratio of 0.64 and a beta of 0.48. The firm has a 50 day simple moving average of $162.48 and a two-hundred day simple moving average of $159.85.

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

T-Mobile US Announces Dividend

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

Analyst Ratings Changes

Several brokerages have commented on TMUS. Citigroup lifted their price target on T-Mobile US from $176.00 to $184.00 and gave the stock a “buy” rating in a research report on Monday, March 25th. Raymond James lifted their price objective on T-Mobile US from $180.00 to $185.00 and gave the stock a “strong-buy” rating in a report on Friday, January 26th. StockNews.com raised T-Mobile US from a “hold” rating to a “buy” rating in a report on Thursday, May 16th. Morgan Stanley boosted their price target on T-Mobile US from $180.00 to $186.00 and gave the company an “overweight” rating in a research note on Monday, January 29th. Finally, Benchmark reaffirmed a “buy” rating and issued a $200.00 price target on shares of T-Mobile US in a research note on Friday, January 26th. Fourteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $186.33.

About T-Mobile US

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.