Hardman Johnston Global Advisors LLC Trims Holdings in T-Mobile US, Inc. $TMUS

Hardman Johnston Global Advisors LLC lowered its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 27.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 98,043 shares of the Wireless communications provider’s stock after selling 36,177 shares during the period. T-Mobile US accounts for 1.2% of Hardman Johnston Global Advisors LLC’s investment portfolio, making the stock its 26th largest position. Hardman Johnston Global Advisors LLC’s holdings in T-Mobile US were worth $23,470,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of T-Mobile US by 8.7% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,417,764 shares of the Wireless communications provider’s stock worth $339,384,000 after acquiring an additional 113,728 shares during the period. Elite Wealth Management Inc. acquired a new stake in T-Mobile US during the third quarter worth about $742,000. First Horizon Corp purchased a new position in T-Mobile US during the third quarter worth about $42,000. Pinnacle Bancorp Inc. raised its stake in T-Mobile US by 147.7% during the third quarter. Pinnacle Bancorp Inc. now owns 545 shares of the Wireless communications provider’s stock worth $130,000 after purchasing an additional 325 shares during the period. Finally, Meeder Asset Management Inc. boosted its holdings in T-Mobile US by 184.9% in the 3rd quarter. Meeder Asset Management Inc. now owns 302 shares of the Wireless communications provider’s stock valued at $72,000 after purchasing an additional 196 shares during the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. UBS Group restated a “buy” rating on shares of T-Mobile US in a report on Wednesday, December 10th. The Goldman Sachs Group lowered their price objective on T-Mobile US from $287.00 to $251.00 and set a “buy” rating for the company in a research report on Friday, December 12th. KeyCorp raised T-Mobile US from an “underweight” rating to a “sector weight” rating in a research note on Tuesday, December 2nd. DZ Bank restated a “buy” rating on shares of T-Mobile US in a research report on Tuesday, October 28th. Finally, Rothschild Redb raised T-Mobile US to a “hold” rating in a research note on Tuesday, September 30th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, T-Mobile US has a consensus rating of “Moderate Buy” and a consensus target price of $260.17.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, CEO Srini Gopalan purchased 9,800 shares of the firm’s stock in a transaction on Thursday, November 6th. The stock was bought at an average price of $201.82 per share, with a total value of $1,977,836.00. Following the transaction, the chief executive officer directly owned 90,258 shares of the company’s stock, valued at approximately $18,215,869.56. This represents a 12.18% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director G Michael Sievert sold 22,500 shares of the business’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $216.97, for a total value of $4,881,825.00. Following the transaction, the director directly owned 308,696 shares of the company’s stock, valued at $66,977,771.12. The trade was a 6.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 464,045 shares of company stock valued at $104,064,001 in the last three months. 0.37% of the stock is owned by corporate insiders.

T-Mobile US Stock Up 1.3%

T-Mobile US stock opened at $200.56 on Monday. The company has a market capitalization of $224.33 billion, a PE ratio of 19.28, a price-to-earnings-growth ratio of 1.14 and a beta of 0.45. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.89. T-Mobile US, Inc. has a fifty-two week low of $194.01 and a fifty-two week high of $276.49. The firm has a 50 day moving average price of $204.11 and a 200 day moving average price of $225.77.

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

T-Mobile US Dividend Announcement

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

About T-Mobile US

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.