T-Mobile US, Inc. $TMUS Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lessened its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 7.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 84,359 shares of the Wireless communications provider’s stock after selling 6,325 shares during the period. Thrivent Financial for Lutherans’ holdings in T-Mobile US were worth $20,194,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in TMUS. Howard Hughes Medical Institute purchased a new position in T-Mobile US during the second quarter worth about $25,000. Elevation Wealth Partners LLC increased its position in T-Mobile US by 190.0% during the 3rd quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 76 shares during the period. Aspect Partners LLC raised its stake in shares of T-Mobile US by 112.1% during the 2nd quarter. Aspect Partners LLC now owns 123 shares of the Wireless communications provider’s stock worth $29,000 after buying an additional 65 shares in the last quarter. CoreFirst Bank & Trust acquired a new stake in shares of T-Mobile US in the 2nd quarter valued at approximately $31,000. Finally, Kilter Group LLC acquired a new stake in shares of T-Mobile US in the 2nd quarter valued at approximately $34,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on TMUS shares. Barclays reaffirmed a “buy” rating on shares of T-Mobile US in a report on Tuesday, January 13th. Hsbc Global Res raised shares of T-Mobile US from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 24th. Citigroup reduced their price objective 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. Daiwa Capital Markets lowered their target price on shares of T-Mobile US from $240.00 to $230.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 28th. Finally, Morgan Stanley reduced their price target on shares of T-Mobile US from $280.00 to $260.00 and set an “overweight” rating for the company in a research report on Wednesday, December 10th. Two equities 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $255.58.

T-Mobile US Trading Up 1.4%

Shares of T-Mobile US stock opened at $197.68 on Wednesday. T-Mobile US, Inc. has a 1 year low of $181.36 and a 1 year high of $276.49. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.89 and a quick ratio of 0.80. The business has a 50 day moving average price of $197.33 and a 200 day moving average price of $220.53. The company has a market capitalization of $221.11 billion, a P/E ratio of 19.01, a P/E/G ratio of 1.08 and a beta of 0.44.

T-Mobile US Dividend Announcement

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 given a $1.02 dividend. 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 dividend payout ratio is currently 39.23%.

Insider Buying and Selling

In other T-Mobile US news, insider Michael J. Katz sold 2,500 shares of the firm’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $215.91, for a total transaction of $539,775.00. Following the sale, the insider directly owned 156,203 shares of the company’s stock, valued at $33,725,789.73. This trade represents a 1.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Srini Gopalan purchased 9,800 shares of the stock in a transaction dated Thursday, November 6th. The shares were purchased at an average price of $201.82 per share, with a total value of $1,977,836.00. Following the completion of the acquisition, the chief executive officer owned 90,258 shares of the company’s stock, valued at approximately $18,215,869.56. This represents a 12.18% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold 51,457 shares of company stock worth $11,149,636 in the last ninety days. 0.37% of the stock is currently owned by insiders.

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.