T-Mobile US, Inc. $TMUS Holdings Decreased by Summit Global Investments

Summit Global Investments decreased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 9.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,151 shares of the Wireless communications provider’s stock after selling 2,753 shares during the period. Summit Global Investments’ holdings in T-Mobile US were worth $6,500,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of T-Mobile US by 0.5% during the second quarter. Vanguard Group Inc. now owns 42,160,882 shares of the Wireless communications provider’s stock valued at $10,045,252,000 after buying an additional 215,711 shares during the last quarter. State Street Corp increased its position in T-Mobile US by 4.5% in the 2nd quarter. State Street Corp now owns 23,141,316 shares of the Wireless communications provider’s stock valued at $5,513,650,000 after acquiring an additional 994,740 shares during the period. Franklin Resources Inc. raised its stake in T-Mobile US by 5.2% during the 2nd quarter. Franklin Resources Inc. now owns 6,298,934 shares of the Wireless communications provider’s stock valued at $1,500,784,000 after acquiring an additional 309,922 shares in the last quarter. Norges Bank acquired a new position in T-Mobile US during the 2nd quarter worth $1,477,780,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of T-Mobile US by 1.1% in the second quarter. Charles Schwab Investment Management Inc. now owns 3,331,856 shares of the Wireless communications provider’s stock worth $793,848,000 after purchasing an additional 36,424 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Michael J. Katz sold 2,500 shares of the company’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $215.91, for a total value of $539,775.00. Following the transaction, the insider owned 156,203 shares in the company, valued at $33,725,789.73. This represents a 1.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director G Michael Sievert sold 22,500 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $66,977,771.12. This represents a 6.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 51,457 shares of company stock valued at $11,149,636 in the last 90 days. Insiders own 0.37% of the company’s stock.

T-Mobile US Trading Up 1.6%

NASDAQ TMUS opened at $189.28 on Friday. The firm’s 50 day moving average price is $198.01 and its two-hundred day moving average price is $221.27. 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 twelve month low of $181.36 and a twelve month high of $276.49. The stock has a market cap of $211.71 billion, a price-to-earnings ratio of 18.20, a PEG ratio of 1.03 and a beta of 0.45.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Friday, February 27th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Friday, February 27th. T-Mobile US’s payout ratio is presently 39.23%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TMUS. Oppenheimer lowered shares of T-Mobile US from an “outperform” rating to a “market perform” rating in a research report on Friday, November 21st. Citigroup reduced their price target on shares of T-Mobile US from $268.00 to $220.00 and set a “neutral” rating for the company in a research note on Friday, December 19th. UBS Group reiterated a “buy” rating on shares of T-Mobile US in a research note on Wednesday, December 10th. Royal Bank Of Canada cut their target price on T-Mobile US from $270.00 to $255.00 and set an “outperform” rating for the company in a research report on Friday, January 16th. Finally, Tigress Financial lifted their price target on T-Mobile US from $305.00 to $310.00 and gave the company a “buy” rating in a research report on Tuesday, November 11th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, T-Mobile US presently has a consensus rating of “Moderate Buy” and a consensus target price of $256.36.

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.