Securian Asset Management Inc. Lowers Stock Holdings in T-Mobile US, Inc. $TMUS

Securian Asset Management Inc. decreased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 44.0% during the fourth quarter, HoldingsChannel reports. The firm owned 13,078 shares of the Wireless communications provider’s stock after selling 10,295 shares during the period. Securian Asset Management Inc.’s holdings in T-Mobile US were worth $2,655,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in TMUS. Wellington Management Group LLP raised its position in T-Mobile US by 47.5% during the third quarter. Wellington Management Group LLP now owns 13,461,669 shares of the Wireless communications provider’s stock valued at $3,222,454,000 after purchasing an additional 4,335,368 shares in the last quarter. Viking Global Investors LP raised 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 valued at $677,925,000 after purchasing an additional 1,279,422 shares in the last quarter. Amundi raised its position in T-Mobile US by 44.6% during the third quarter. Amundi now owns 4,109,084 shares of the Wireless communications provider’s stock valued at $924,380,000 after purchasing an additional 1,266,808 shares in the last quarter. State Street Corp raised its position in T-Mobile US by 4.7% during the third quarter. State Street Corp now owns 24,234,085 shares of the Wireless communications provider’s stock valued at $5,801,155,000 after purchasing an additional 1,092,769 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in T-Mobile US by 33.7% during the third quarter. Ameriprise Financial Inc. now owns 3,477,553 shares of the Wireless communications provider’s stock valued at $832,438,000 after purchasing an additional 877,384 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Down 1.4%

Shares of NASDAQ:TMUS opened at $190.85 on Tuesday. The stock’s 50-day moving average price is $203.66 and its 200-day moving average price is $203.86. T-Mobile US, Inc. has a 12-month low of $181.36 and a 12-month high of $261.56. The stock has a market capitalization of $206.54 billion, a P/E ratio of 20.30, a price-to-earnings-growth ratio of 1.14 and a beta of 0.33. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.58.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.01 by $0.26. The firm had revenue of $23.11 billion for the quarter, compared to analysts’ expectations of $22.98 billion. T-Mobile US had a return on equity of 19.47% and a net margin of 11.65%.The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period last year, the firm earned $2.58 earnings per share. On average, equities analysts anticipate that T-Mobile US, Inc. will post 10.65 earnings per share for the current year.

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Friday, May 29th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $4.08 annualized dividend and a dividend yield of 2.1%. T-Mobile US’s dividend payout ratio (DPR) is presently 43.40%.

Analyst Upgrades and Downgrades

TMUS has been the topic of a number of research reports. The Goldman Sachs Group restated a “buy” rating on shares of T-Mobile US in a research report on Wednesday, April 29th. KeyCorp raised T-Mobile US from a “sector weight” rating to an “overweight” rating and set a $260.00 price objective on the stock in a research note on Monday, April 13th. Citigroup raised their price objective on T-Mobile US from $220.00 to $225.00 and gave the company a “neutral” rating in a research note on Tuesday, March 17th. UBS Group reaffirmed a “buy” rating on shares of T-Mobile US in a research note on Wednesday, April 29th. Finally, Daiwa Securities Group raised T-Mobile US from a “neutral” rating to an “outperform” rating and set a $240.00 price objective on the stock in a research note on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $260.48.

Insider Buying and Selling

In other T-Mobile US news, insider Andre Almeida bought 5,097 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The shares were bought at an average cost of $196.18 per share, with a total value of $999,929.46. Following the completion of the purchase, the insider directly owned 44,850 shares of the company’s stock, valued at $8,798,673. This trade represents a 12.82% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Michael J. Katz sold 5,000 shares of the firm’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $195.81, for a total value of $979,050.00. Following the completion of the sale, the insider directly owned 181,930 shares in the company, valued at $35,623,713.30. The trade was a 2.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 699,134 shares of company stock valued at $151,826,849 over the last ninety days. Corporate insiders own 0.37% of the company’s stock.

T-Mobile US Company 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.