Bremer Bank National Association Reduces Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Bremer Bank National Association lowered its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 3.3% during the fourth quarter, HoldingsChannel reports. The firm owned 28,164 shares of the Wireless communications provider’s stock after selling 948 shares during the period. T-Mobile US accounts for approximately 1.2% of Bremer Bank National Association’s holdings, making the stock its 27th largest holding. Bremer Bank National Association’s holdings in T-Mobile US were worth $6,217,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in TMUS. FMR LLC increased its stake in shares of T-Mobile US by 13.4% in the third quarter. FMR LLC now owns 12,893,770 shares of the Wireless communications provider’s stock worth $2,660,758,000 after buying an additional 1,522,394 shares during the last quarter. Barclays PLC increased its stake in shares of T-Mobile US by 38.3% in the third quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock worth $653,160,000 after buying an additional 876,182 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of T-Mobile US by 4.0% in the third quarter. Wellington Management Group LLP now owns 15,524,529 shares of the Wireless communications provider’s stock worth $3,203,642,000 after buying an additional 602,786 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of T-Mobile US by 9.9% in the third quarter. Franklin Resources Inc. now owns 6,553,703 shares of the Wireless communications provider’s stock worth $1,448,426,000 after buying an additional 590,711 shares during the last quarter. Finally, Nordea Investment Management AB increased its stake in shares of T-Mobile US by 36.9% in the fourth quarter. Nordea Investment Management AB now owns 1,473,540 shares of the Wireless communications provider’s stock worth $324,960,000 after buying an additional 397,345 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Performance

TMUS stock opened at $218.97 on Monday. The company has a market capitalization of $254.11 billion, a P/E ratio of 24.97, a PEG ratio of 1.05 and a beta of 0.56. The company has a 50-day simple moving average of $228.93 and a 200 day simple moving average of $210.47. T-Mobile US, Inc. has a fifty-two week low of $158.84 and a fifty-two week high of $248.15. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.29. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The business had revenue of $20.16 billion during the quarter, compared to the consensus estimate of $20.01 billion. During the same quarter in the prior year, the company posted $1.82 earnings per share. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. Sell-side analysts predict that T-Mobile US, Inc. will post 9.31 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.61%. The ex-dividend date is Friday, February 28th. T-Mobile US’s dividend payout ratio (DPR) is presently 40.14%.

Analyst Ratings Changes

TMUS has been the subject of a number of research analyst reports. Daiwa America upgraded shares of T-Mobile US to a “hold” rating in a research note on Friday, October 25th. Wells Fargo & Company lowered shares of T-Mobile US from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $240.00 to $220.00 in a research note on Monday, January 6th. The Goldman Sachs Group lifted their price objective on shares of T-Mobile US from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Sanford C. Bernstein started coverage on shares of T-Mobile US in a report on Tuesday, December 10th. They issued a “market perform” rating and a $265.00 price objective for the company. Finally, Tigress Financial lifted their price objective on shares of T-Mobile US from $235.00 to $280.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Seven investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, T-Mobile US presently has an average rating of “Moderate Buy” and an average price target of $245.74.

Insiders Place Their Bets

In other T-Mobile US news, Director Andre Almeida purchased 3,808 shares of the company’s stock in a transaction on Monday, December 9th. The shares were purchased at an average cost of $235.72 per share, for a total transaction of $897,621.76. Following the completion of the transaction, the director now owns 3,808 shares in the company, valued at $897,621.76. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Raul Marcelo Claure sold 110,000 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $224.30, for a total value of $24,673,000.00. Following the sale, the director now owns 1,441,204 shares in the company, valued at approximately $323,262,057.20. The trade was a 7.09 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 164,200 shares of company stock worth $37,407,303. 0.67% of the stock is owned by corporate insiders.

T-Mobile US 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.