Amalgamated Bank Reduces Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Amalgamated Bank trimmed its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 4.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 127,362 shares of the Wireless communications provider’s stock after selling 5,647 shares during the period. Amalgamated Bank’s holdings in T-Mobile US were worth $20,420,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. OLD National Bancorp IN lifted its stake in shares of T-Mobile US by 1.9% in the 4th 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 during the period. Whittier Trust Co. of Nevada Inc. raised its position 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 worth $280,000 after acquiring an additional 66 shares during the period. Transatlantique Private Wealth LLC raised its position 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 worth $2,296,000 after acquiring an additional 68 shares during the period. Hohimer Wealth Management LLC raised its position 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 worth $1,054,000 after acquiring an additional 68 shares during the period. Finally, Tranquility Partners LLC raised its position 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 worth $613,000 after acquiring an additional 71 shares during the period. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TMUS has been the subject of a number of research analyst reports. Raymond James upped their price objective on shares of T-Mobile US from $180.00 to $185.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 26th. Oppenheimer restated an “outperform” rating and set a $190.00 price objective on shares of T-Mobile US in a research report on Wednesday, April 3rd. Morgan Stanley upped their price objective on shares of T-Mobile US from $180.00 to $186.00 and gave the stock an “overweight” rating in a research report on Monday, January 29th. Benchmark reaffirmed a “buy” rating and set a $200.00 target price on shares of T-Mobile US in a report on Friday, January 26th. Finally, Royal Bank of Canada upped their target price on shares of T-Mobile US from $184.00 to $188.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. One investment analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, T-Mobile US has a consensus rating of “Buy” and a consensus target price of $186.33.

Insiders Place Their Bets

In other T-Mobile US news, Director Telekom Ag Deutsche sold 170,903 shares of the stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of $159.95, for a total transaction of $27,335,934.85. Following the completion of the transaction, the director now owns 680,306,713 shares of the company’s stock, valued at $108,815,058,744.35. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Telekom Ag Deutsche sold 170,903 shares of the stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of $159.95, for a total transaction of $27,335,934.85. Following the sale, the director now owns 680,306,713 shares of the company’s stock, valued at $108,815,058,744.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO G Michael Sievert sold 40,000 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $161.05, for a total transaction of $6,442,000.00. Following the sale, the chief executive officer now directly owns 496,036 shares in the company, valued at approximately $79,886,597.80. The disclosure for this sale can be found here. Insiders sold a total of 6,359,509 shares of company stock valued at $1,033,407,661 over the last 90 days. 0.70% of the stock is owned by company insiders.

T-Mobile US Trading Down 0.2 %

Shares of TMUS traded down $0.31 during mid-day trading on Friday, reaching $164.60. The stock had a trading volume of 4,274,907 shares, compared to its average volume of 4,547,083. 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 52-week low of $124.92 and a 52-week high of $168.64. The business’s fifty day moving average is $162.68 and its 200 day moving average is $157.61. The firm has a market cap of $192.89 billion, a price-to-earnings ratio of 22.39, a P/E/G ratio of 0.64 and a beta of 0.48.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.17. The firm had revenue of $19.59 billion during the quarter, compared to analyst estimates of $19.81 billion. T-Mobile US had a net margin of 11.15% and a return on equity of 13.61%. T-Mobile US’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.58 earnings per share. On average, sell-side analysts predict that T-Mobile US, Inc. will post 9.01 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend 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.