Keybank National Association OH Trims Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Keybank National Association OH lessened its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 6.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 451,172 shares of the Wireless communications provider’s stock after selling 31,119 shares during the quarter. Keybank National Association OH’s holdings in T-Mobile US were worth $99,587,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC raised its position in shares of T-Mobile US by 34.7% in the third quarter. Farther Finance Advisors LLC now owns 3,778 shares of the Wireless communications provider’s stock valued at $780,000 after buying an additional 974 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in T-Mobile US by 146.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 158,744 shares of the Wireless communications provider’s stock valued at $32,758,000 after purchasing an additional 94,242 shares during the last quarter. Roman Butler Fullerton & Co. lifted its position in T-Mobile US by 13.9% during the third quarter. Roman Butler Fullerton & Co. now owns 3,048 shares of the Wireless communications provider’s stock worth $662,000 after buying an additional 372 shares during the period. Intact Investment Management Inc. boosted its stake in T-Mobile US by 7.0% in the 3rd quarter. Intact Investment Management Inc. now owns 5,340 shares of the Wireless communications provider’s stock worth $1,102,000 after buying an additional 350 shares during the last quarter. Finally, National Pension Service grew its holdings in T-Mobile US by 12.6% in the 3rd quarter. National Pension Service now owns 1,231,751 shares of the Wireless communications provider’s stock valued at $254,184,000 after buying an additional 137,527 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insiders Place Their Bets

In other T-Mobile US news, Director Andre Almeida acquired 3,808 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were purchased at an average price of $235.72 per share, for a total transaction of $897,621.76. Following the completion of the purchase, the director now directly owns 3,808 shares in the company, valued at $897,621.76. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Letitia A. Long sold 1,100 shares of T-Mobile US stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $231.08, for a total value of $254,188.00. Following the completion of the transaction, the director now owns 5,653 shares of the company’s stock, valued at approximately $1,306,295.24. The trade was a 16.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on TMUS shares. Barclays raised their target price on shares of T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Royal Bank of Canada reissued a “sector perform” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Evercore ISI raised T-Mobile US to a “strong-buy” rating in a research report on Thursday, January 23rd. Benchmark reissued a “buy” rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. raised their price objective on T-Mobile US from $250.00 to $265.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Seven equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, T-Mobile US presently has an average rating of “Moderate Buy” and a consensus target price of $253.26.

T-Mobile US Stock Performance

T-Mobile US stock opened at $272.83 on Tuesday. T-Mobile US, Inc. has a 52 week low of $158.84 and a 52 week high of $276.49. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. The stock has a market cap of $311.50 billion, a P/E ratio of 28.21, a price-to-earnings-growth ratio of 1.55 and a beta of 0.56. The stock has a 50 day moving average of $236.54 and a 200-day moving average of $224.74.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. On average, analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.29%. The ex-dividend date is Friday, May 30th. T-Mobile US’s payout ratio is currently 36.40%.

About T-Mobile US

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.