Carnegie Investment Counsel Has $17.89 Million Holdings in T-Mobile US, Inc. $TMUS

Carnegie Investment Counsel cut its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 4.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 74,723 shares of the Wireless communications provider’s stock after selling 3,347 shares during the period. Carnegie Investment Counsel’s holdings in T-Mobile US were worth $17,887,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its position in T-Mobile US by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 42,160,882 shares of the Wireless communications provider’s stock worth $10,045,252,000 after purchasing an additional 215,711 shares during the last quarter. State Street Corp increased its stake in shares of T-Mobile US by 4.5% in the 2nd quarter. State Street Corp now owns 23,141,316 shares of the Wireless communications provider’s stock valued at $5,513,650,000 after buying an additional 994,740 shares during the period. Canada Pension Plan Investment Board raised its position in shares of T-Mobile US by 14.3% during the first quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider’s stock worth $1,837,399,000 after acquiring an additional 864,030 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of T-Mobile US by 5.2% during the second quarter. Franklin Resources Inc. now owns 6,298,934 shares of the Wireless communications provider’s stock valued at $1,500,784,000 after acquiring an additional 309,922 shares during the period. Finally, Norges Bank bought a new position in T-Mobile US in the second quarter valued at about $1,477,780,000. 42.49% of the stock is owned by institutional investors.

Insider Buying and Selling at T-Mobile US

In related news, CEO Srini Gopalan acquired 9,800 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The shares were acquired at an average cost of $201.82 per share, with a total value of $1,977,836.00. Following the transaction, the chief executive officer owned 90,258 shares of the company’s stock, valued at $18,215,869.56. The trade was a 12.18% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Letitia A. Long sold 1,457 shares of the stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $210.32, for a total value of $306,436.24. Following the transaction, the director owned 5,438 shares of the company’s stock, valued at approximately $1,143,720.16. This trade represents a 21.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 915,016 shares of company stock valued at $208,006,290 over the last quarter. 0.37% of the stock is currently owned by corporate insiders.

T-Mobile US Stock Up 1.0%

Shares of T-Mobile US stock opened at $201.00 on Friday. The company has a market capitalization of $224.82 billion, a P/E ratio of 19.33, a price-to-earnings-growth ratio of 1.28 and a beta of 0.44. 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 of $207.97 and a two-hundred day moving average of $227.64. T-Mobile US, Inc. has a 1 year low of $194.01 and a 1 year high of $276.49.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.01. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The business had revenue of $21.96 billion during the quarter, compared to analyst estimates of $21.61 billion. During the same period in the previous year, the firm earned $2.61 EPS. T-Mobile US’s quarterly revenue was up 8.9% compared to the same quarter last year. As a group, equities analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Friday, February 27th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, February 27th. T-Mobile US’s dividend payout ratio (DPR) is presently 39.23%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Cowen reissued a “buy” rating on shares of T-Mobile US in a report on Friday, October 24th. Oppenheimer downgraded shares of T-Mobile US from an “outperform” rating to a “market perform” rating in a research note on Friday, November 21st. Scotiabank raised their price objective on shares of T-Mobile US from $271.50 to $278.00 and gave the company a “sector outperform” rating in a research note on Monday, October 6th. Benchmark upped their target price on shares of T-Mobile US from $275.00 to $295.00 and gave the company a “buy” rating in a research report on Friday, October 10th. Finally, The Goldman Sachs Group cut their price target on T-Mobile US from $287.00 to $251.00 and set a “buy” rating on the stock in a research note on Friday, December 12th. Three analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat.com, T-Mobile US has a consensus rating of “Moderate Buy” and an average price target of $260.17.

T-Mobile US 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.