Bank of New York Mellon Corp Grows Position in T-Mobile US, Inc. $TMUS

Bank of New York Mellon Corp increased its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 0.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 4,576,393 shares of the Wireless communications provider’s stock after purchasing an additional 7,217 shares during the period. Bank of New York Mellon Corp’s holdings in T-Mobile US were worth $1,095,497,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Howard Hughes Medical Institute purchased a new position in shares of T-Mobile US during the second quarter valued at approximately $25,000. Elevation Wealth Partners LLC raised its stake 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 valued at $28,000 after buying an additional 76 shares during the last quarter. Aspect Partners LLC lifted its holdings 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 valued at $29,000 after buying an additional 65 shares during the period. CoreFirst Bank & Trust purchased a new position in shares of T-Mobile US in the 2nd quarter worth $31,000. Finally, Kilter Group LLC bought a new stake in shares of T-Mobile US in the second quarter worth $34,000. Institutional investors own 42.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TMUS. Wells Fargo & Company dropped their target price on T-Mobile US from $260.00 to $225.00 and set an “overweight” rating on the stock in a research report on Monday. KeyCorp upgraded shares of T-Mobile US from an “underweight” rating to a “sector weight” rating in a research note on Tuesday, December 2nd. Rothschild Redb upgraded shares of T-Mobile US to a “hold” rating in a research report on Tuesday, September 30th. Wolfe Research decreased their price target on shares of T-Mobile US from $290.00 to $253.00 and set an “outperform” rating on the stock in a research report on Monday, December 15th. Finally, Tigress Financial boosted their price objective on shares of T-Mobile US from $305.00 to $310.00 and gave the company a “buy” rating in a research report on Tuesday, November 11th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $256.36.

Insiders Place Their Bets

In other T-Mobile US news, Director G Michael Sievert sold 22,500 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $216.97, for a total value of $4,881,825.00. Following the completion of the transaction, the director directly owned 308,696 shares in the company, valued at $66,977,771.12. This represents a 6.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Michael J. Katz sold 2,500 shares of the stock in a transaction that occurred on 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 approximately $33,725,789.73. This trade represents a 1.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 51,457 shares of company stock valued at $11,149,636 in the last ninety days. Insiders own 0.37% of the company’s stock.

T-Mobile US Stock Performance

TMUS opened at $184.49 on Wednesday. The company has a 50 day simple moving average of $198.93 and a two-hundred day simple moving average of $221.74. 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 firm has a market cap of $206.35 billion, a P/E ratio of 17.74, a PEG ratio of 1.03 and a beta of 0.45. T-Mobile US, Inc. has a 1-year low of $181.36 and a 1-year high of $276.49.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Friday, February 27th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Friday, February 27th. T-Mobile US’s dividend payout ratio is presently 39.23%.

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.