State of Wisconsin Investment Board Sells 6,002 Shares of T-Mobile US, Inc. $TMUS

State of Wisconsin Investment Board trimmed its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 2.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 270,353 shares of the Wireless communications provider’s stock after selling 6,002 shares during the period. State of Wisconsin Investment Board’s holdings in T-Mobile US were worth $54,892,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in TMUS. JDM Financial Group LLC grew its stake in T-Mobile US by 114.0% during the 4th quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock worth $25,000 after buying an additional 65 shares during the last quarter. Swiss RE Ltd. purchased a new position in T-Mobile US during the 4th quarter worth $29,000. Turning Point Benefit Group Inc. grew its stake in T-Mobile US by 3,825.0% during the 4th quarter. Turning Point Benefit Group Inc. now owns 157 shares of the Wireless communications provider’s stock worth $32,000 after buying an additional 153 shares during the last quarter. Acumen Wealth Advisors LLC purchased a new position in T-Mobile US during the 4th quarter worth $36,000. Finally, United Community Bank grew its stake in T-Mobile US by 78.8% during the 4th quarter. United Community Bank now owns 186 shares of the Wireless communications provider’s stock worth $38,000 after buying an additional 82 shares during the last quarter. 42.49% of the stock is owned by institutional investors.

Insider Activity at T-Mobile US

In related news, COO Jon Freier sold 4,799 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $190.00, for a total value of $911,810.00. Following the sale, the chief operating officer owned 217,168 shares in the company, valued at $41,261,920. This represents a 2.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Andre Almeida bought 5,097 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was purchased at an average price of $196.18 per share, for a total transaction of $999,929.46. Following the transaction, the insider owned 44,850 shares of the company’s stock, valued at $8,798,673. The trade was a 12.82% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.32% of the stock is owned by insiders.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $184.36 on Wednesday. The business’s 50 day moving average price is $190.41 and its 200 day moving average price is $199.36. The firm has a market cap of $199.52 billion, a P/E ratio of 19.61, a P/E/G ratio of 1.10 and a beta of 0.31. T-Mobile US, Inc. has a 52 week low of $174.02 and a 52 week high of $261.56. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.58.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 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 analyst estimates of $22.98 billion. T-Mobile US had a return on equity of 19.47% and a net margin of 11.65%.T-Mobile US’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.58 earnings per share. On average, sell-side analysts expect that T-Mobile US, Inc. will post 10.65 earnings per share for the current year.

T-Mobile US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 28th will be given a $1.02 dividend. The ex-dividend date is Friday, August 28th. This represents a $4.08 dividend on an annualized basis and a yield of 2.2%. T-Mobile US’s dividend payout ratio is currently 43.40%.

Analysts Set New Price Targets

Several brokerages recently weighed in on TMUS. UBS Group restated a “buy” rating on shares of T-Mobile US in a research note on Wednesday, April 29th. Weiss Ratings downgraded T-Mobile US from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday. Sanford C. Bernstein restated a “neutral” rating on shares of T-Mobile US in a research note on Wednesday, April 22nd. Royal Bank Of Canada dropped their target price on T-Mobile US from $255.00 to $240.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 29th. Finally, DZ Bank restated a “buy” rating on shares of T-Mobile US in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $260.48.

Key Stories Impacting T-Mobile US

Here are the key news stories impacting T-Mobile US this week:

• Positive Sentiment: T-Mobile declared a quarterly cash dividend of $1.02 per share, payable on September 10 to shareholders of record on August 28, which may appeal to income-focused investors. T-Mobile Declares Quarterly Cash Dividend
• Positive Sentiment: T-Mobile is drawing attention for growth-oriented initiatives, including its AI-powered Dynamic CX network optimization tool and expansion of its global innovation hub, which could support long-term network efficiency and competitiveness. T-Mobile Bets On AI And Global Talent As Valuation Discount Persists
• Neutral Sentiment: The stock is also being highlighted by Zacks as a top-ranked growth name, reinforcing a positive fundamental backdrop but without a specific near-term catalyst. T-Mobile (TMUS) is a Top-Ranked Growth Stock: Should You Buy?
• Negative Sentiment: Reports that T-Mobile is warning customers about another price increase, including a service that may double in price, could weigh on sentiment because it raises churn and customer-retention concerns. T-Mobile warns customers that a key service will double in price
• Negative Sentiment: Senator Cruz’s scrutiny of Grain Management’s planned T-Mobile spectrum purchase adds regulatory uncertainty around a previously announced asset sale. Senator Cruz urges regulator to impose conditions on T-Mobile spectrum sale

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.