Federated Hermes Inc. Lowers Stock Position in T-Mobile US, Inc. $TMUS

Federated Hermes Inc. trimmed its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 21.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 82,670 shares of the Wireless communications provider’s stock after selling 23,067 shares during the period. Federated Hermes Inc.’s holdings in T-Mobile US were worth $19,790,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in shares of T-Mobile US during the 2nd quarter worth $1,477,780,000. Marshall Wace LLP boosted its holdings in T-Mobile US by 2,303.2% during the second quarter. Marshall Wace LLP now owns 1,797,086 shares of the Wireless communications provider’s stock worth $428,174,000 after buying an additional 1,878,654 shares in the last quarter. Viking Global Investors LP grew its position in T-Mobile US by 81.7% during the second quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock worth $677,925,000 after buying an additional 1,279,422 shares during the period. State Street Corp increased its holdings in T-Mobile US by 4.5% in the second quarter. State Street Corp now owns 23,141,316 shares of the Wireless communications provider’s stock valued at $5,513,650,000 after buying an additional 994,740 shares in the last quarter. Finally, Crake Asset Management LLP purchased a new position in T-Mobile US in the second quarter valued at about $160,945,000. 42.49% of the stock is owned by institutional investors and hedge funds.

T-Mobile US Stock Performance

NASDAQ:TMUS opened at $197.21 on Friday. T-Mobile US, Inc. has a 1-year low of $181.36 and a 1-year high of $276.49. The firm has a 50 day simple moving average of $197.76 and a 200-day simple moving average of $221.05. The firm has a market cap of $220.58 billion, a PE ratio of 18.96, a P/E/G ratio of 1.05 and a beta of 0.45. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.89 and a quick ratio of 0.80.

T-Mobile US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders 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 2.1%. T-Mobile US’s payout ratio is currently 39.23%.

Analysts Set New Price Targets

TMUS has been the topic of a number of research reports. Argus lowered their price target on T-Mobile US from $275.00 to $245.00 and set a “buy” rating on the stock in a report on Tuesday, December 9th. HSBC upgraded T-Mobile US from a “hold” rating to a “buy” rating and set a $285.00 target price on the stock in a research report on Friday, October 24th. UBS Group restated a “buy” rating on shares of T-Mobile US in a research report on Wednesday, December 10th. Weiss Ratings downgraded T-Mobile US from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Finally, BNP Paribas Exane lowered their price objective on shares of T-Mobile US from $300.00 to $275.00 and set an “outperform” rating on the stock in a research note on Friday, January 16th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat.com, T-Mobile US has a consensus rating of “Moderate Buy” and a consensus target price of $255.58.

Insiders Place Their Bets

In related news, Director Letitia A. Long sold 1,457 shares of the stock in a transaction dated Friday, December 5th. The stock was 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. This represents a 21.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael J. Katz sold 2,500 shares of the firm’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 completion of the sale, the insider directly owned 156,203 shares in the company, valued at approximately $33,725,789.73. The trade was a 1.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 51,457 shares of company stock valued at $11,149,636. 0.37% of the stock is owned by company insiders.

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.