T-Mobile US, Inc. $TMUS Stock Holdings Lifted by Associated Banc Corp

Associated Banc Corp grew its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 25.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,623 shares of the Wireless communications provider’s stock after purchasing an additional 6,720 shares during the period. Associated Banc Corp’s holdings in T-Mobile US were worth $7,809,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Howard Hughes Medical Institute acquired a new position in T-Mobile US in the 2nd quarter worth about $25,000. Missouri Trust & Investment Co increased its holdings in T-Mobile US by 807.7% in the second quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 105 shares during the last quarter. Elevation Wealth Partners LLC increased its holdings in T-Mobile US by 190.0% in the third quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 76 shares during the last quarter. Aspect Partners LLC lifted its stake in T-Mobile US by 112.1% in the second quarter. Aspect Partners LLC now owns 123 shares of the Wireless communications provider’s stock valued at $29,000 after acquiring an additional 65 shares during the last quarter. Finally, CoreFirst Bank & Trust bought a new stake in T-Mobile US in the second quarter worth approximately $31,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insider Buying and Selling at T-Mobile US

In related news, Director Letitia A. Long sold 1,457 shares of the business’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $210.32, for a total transaction of $306,436.24. Following the transaction, the director directly owned 5,438 shares in the company, valued at approximately $1,143,720.16. The trade was a 21.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Srini Gopalan acquired 9,800 shares of the stock in a transaction dated Thursday, November 6th. The shares were purchased at an average price of $201.82 per share, for a total transaction of $1,977,836.00. Following the completion of the purchase, the chief executive officer directly owned 90,258 shares in the company, valued at $18,215,869.56. The trade was a 12.18% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have sold a total of 528,471 shares of company stock valued at $118,633,941 in the last ninety days. Insiders own 0.37% of the company’s stock.

T-Mobile US Stock Up 1.3%

NASDAQ:TMUS opened at $200.56 on Friday. The stock’s fifty day simple moving average is $204.11 and its 200-day simple moving average is $225.81. The firm has a market capitalization of $224.33 billion, a P/E ratio of 19.28, a P/E/G ratio of 1.17 and a beta of 0.45. The company has a quick ratio of 0.80, a current ratio of 0.89 and a debt-to-equity ratio of 1.37. T-Mobile US, Inc. has a 12-month low of $194.01 and a 12-month high of $276.49.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.01. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The business had revenue of $21.96 billion for the quarter, compared to analyst estimates of $21.61 billion. During the same quarter last year, the firm earned $2.61 EPS. T-Mobile US’s quarterly revenue was up 8.9% compared to the same quarter last year. Equities research analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Friday, February 27th will be given a $1.02 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.0%. T-Mobile US’s payout ratio is currently 39.23%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on TMUS shares. Sanford C. Bernstein reissued a “neutral” rating on shares of T-Mobile US in a research report on Monday, December 22nd. Cowen reiterated a “buy” rating on shares of T-Mobile US in a research note on Friday, October 24th. The Goldman Sachs Group cut their price objective on T-Mobile US from $287.00 to $251.00 and set a “buy” rating on the stock in a research note on Friday, December 12th. Zacks Research raised T-Mobile US from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 26th. Finally, HSBC upgraded T-Mobile US from a “hold” rating to a “buy” rating and set a $285.00 price target on the stock in a report on Friday, October 24th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $260.17.

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.