T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 8.0% during the 3rd quarter, Holdings Channel reports. The firm owned 3,457,242 shares of the Wireless communications provider’s stock after selling 302,420 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in T-Mobile US were worth $713,436,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. Public Sector Pension Investment Board grew its stake in T-Mobile US by 38.9% during the 3rd quarter. Public Sector Pension Investment Board now owns 710,387 shares of the Wireless communications provider’s stock valued at $146,595,000 after purchasing an additional 198,900 shares during the last quarter. Fiduciary Trust Co grew its stake in T-Mobile US by 23.7% during the 3rd quarter. Fiduciary Trust Co now owns 8,586 shares of the Wireless communications provider’s stock valued at $1,772,000 after purchasing an additional 1,644 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in T-Mobile US by 21.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 608,426 shares of the Wireless communications provider’s stock valued at $125,555,000 after purchasing an additional 106,710 shares during the last quarter. CreativeOne Wealth LLC grew its stake in T-Mobile US by 90.2% during the 3rd quarter. CreativeOne Wealth LLC now owns 2,555 shares of the Wireless communications provider’s stock valued at $527,000 after purchasing an additional 1,212 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in T-Mobile US during the 3rd quarter valued at about $45,771,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $246.20 on Thursday. The company has a market cap of $285.71 billion, a PE ratio of 28.07, a price-to-earnings-growth ratio of 1.23 and a beta of 0.50. The stock’s 50 day simple moving average is $222.09 and its 200-day simple moving average is $196.83. T-Mobile US, Inc. has a 1-year low of $147.96 and a 1-year high of $248.15. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.32 by $0.29. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The business had revenue of $20.16 billion for the quarter, compared to the consensus estimate of $20.01 billion. During the same quarter last year, the business posted $1.82 earnings per share. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. As a group, equities research analysts anticipate that T-Mobile US, Inc. will post 9.38 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Friday, February 28th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.52 dividend on an annualized basis and a yield of 1.43%. T-Mobile US’s payout ratio is 29.65%.

Analyst Ratings Changes

TMUS has been the topic of several research analyst reports. Sanford C. Bernstein upgraded T-Mobile US to a “strong-buy” rating in a research note on Wednesday, July 31st. Benchmark upped their target price on T-Mobile US from $250.00 to $255.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. UBS Group upped their target price on T-Mobile US from $210.00 to $255.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Tigress Financial upped their target price on T-Mobile US from $205.00 to $235.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Finally, Royal Bank of Canada upped their target price on T-Mobile US from $232.00 to $255.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Three analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, T-Mobile US currently has an average rating of “Moderate Buy” and a consensus target price of $241.83.

Insider Buying and Selling

In other T-Mobile US news, EVP Nestor Cano sold 11,100 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $230.75, for a total transaction of $2,561,325.00. Following the completion of the sale, the executive vice president now owns 4,400 shares of the company’s stock, valued at $1,015,300. This trade represents a 71.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO G Michael Sievert sold 20,000 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $237.73, for a total value of $4,754,600.00. Following the sale, the chief executive officer now directly owns 378,124 shares of the company’s stock, valued at approximately $89,891,418.52. This trade represents a 5.02 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 340,750 shares of company stock worth $72,863,634. 0.67% of the stock is owned by corporate insiders.

T-Mobile US Company Profile

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.