PKO Investment Management Joint Stock Co Lowers Holdings in T-Mobile US, Inc. $TMUS
by Renee Jackson · The Cerbat GemPKO Investment Management Joint Stock Co decreased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) by 22.0% during the third quarter, Holdings Channel.com reports. The institutional investor owned 39,000 shares of the Wireless communications provider’s stock after selling 11,000 shares during the quarter. T-Mobile US makes up approximately 0.8% of PKO Investment Management Joint Stock Co’s portfolio, making the stock its 26th biggest position. PKO Investment Management Joint Stock Co’s holdings in T-Mobile US were worth $9,336,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Nordea Investment Management AB grew its holdings in T-Mobile US by 2.9% during the 3rd quarter. Nordea Investment Management AB now owns 1,960,784 shares of the Wireless communications provider’s stock worth $469,431,000 after acquiring an additional 55,815 shares in the last quarter. Harbor Investment Advisory LLC lifted its position in shares of T-Mobile US by 10.0% in the 3rd quarter. Harbor Investment Advisory LLC now owns 9,452 shares of the Wireless communications provider’s stock worth $2,263,000 after purchasing an additional 861 shares during the period. New Republic Capital LLC boosted its stake in shares of T-Mobile US by 4.7% during the third quarter. New Republic Capital LLC now owns 1,073 shares of the Wireless communications provider’s stock valued at $257,000 after purchasing an additional 48 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in T-Mobile US by 8.7% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,417,764 shares of the Wireless communications provider’s stock valued at $339,384,000 after buying an additional 113,728 shares during the period. Finally, Elite Wealth Management Inc. bought a new position in T-Mobile US in the third quarter worth approximately $742,000. 42.49% of the stock is currently owned by institutional investors.
Insider Activity
In other T-Mobile US news, Director G Michael Sievert sold 22,500 shares of the business’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $216.97, for a total transaction of $4,881,825.00. Following the sale, the director owned 308,696 shares in the company, valued at approximately $66,977,771.12. The trade was a 6.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Telekom Ag Deutsche sold 1,374 shares of the stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $220.46, for a total value of $302,912.04. Following the completion of the transaction, the director directly owned 582,065,875 shares in the company, valued at $128,322,242,802.50. This represents a 0.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 464,045 shares of company stock valued at $104,064,001. 0.37% of the stock is owned by corporate insiders.
T-Mobile US Price Performance
Shares of TMUS stock opened at $197.51 on Tuesday. T-Mobile US, Inc. has a fifty-two week low of $194.01 and a fifty-two week high of $276.49. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.89. The firm has a market capitalization of $220.92 billion, a price-to-earnings ratio of 18.99, a PEG ratio of 1.14 and a beta of 0.45. The stock’s 50-day simple moving average is $203.99 and its 200-day simple moving average is $225.53.
T-Mobile US (NASDAQ:TMUS – Get Free Report) last released its 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. The company had revenue of $21.96 billion during the quarter, compared to analysts’ expectations of $21.61 billion. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. T-Mobile US’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period last year, the business earned $2.61 EPS. As a group, equities analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.
T-Mobile US Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 27th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Friday, February 27th. T-Mobile US’s payout ratio is presently 39.23%.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on TMUS. Williams Trading set a $263.00 target price on T-Mobile US in a research report on Friday, October 24th. Scotiabank raised their price objective on T-Mobile US from $271.50 to $278.00 and gave the company a “sector outperform” rating in a research report on Monday, October 6th. Hsbc Global Res upgraded shares of T-Mobile US from a “hold” rating to a “strong-buy” rating in a report on Friday, October 24th. DZ Bank reissued a “buy” rating on shares of T-Mobile US in a research report on Tuesday, October 28th. Finally, TD Cowen cut their price objective on shares of T-Mobile US from $291.00 to $263.00 and set a “buy” rating on the stock in a research report on Friday, October 24th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $260.17.
View Our Latest Analysis on TMUS
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.
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