Amalgamated Bank Has $20.72 Million Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Amalgamated Bank lowered its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 1.7% during the third quarter, Holdings Channel.com reports. The fund owned 100,391 shares of the Wireless communications provider’s stock after selling 1,781 shares during the period. Amalgamated Bank’s holdings in T-Mobile US were worth $20,717,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of TMUS. Norden Group LLC increased its position in shares of T-Mobile US by 45.8% in the first quarter. Norden Group LLC now owns 3,644 shares of the Wireless communications provider’s stock valued at $595,000 after acquiring an additional 1,145 shares during the last quarter. Proficio Capital Partners LLC increased its position in shares of T-Mobile US by 2.3% in the first quarter. Proficio Capital Partners LLC now owns 2,840 shares of the Wireless communications provider’s stock valued at $464,000 after acquiring an additional 64 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of T-Mobile US in the first quarter valued at about $1,908,000. Chevy Chase Trust Holdings LLC increased its position in shares of T-Mobile US by 1.7% in the first quarter. Chevy Chase Trust Holdings LLC now owns 290,253 shares of the Wireless communications provider’s stock valued at $47,375,000 after acquiring an additional 4,952 shares during the last quarter. Finally, Mediolanum International Funds Ltd acquired a new stake in shares of T-Mobile US in the first quarter valued at about $8,470,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Royal Bank of Canada lifted their price target on T-Mobile US from $232.00 to $255.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. JPMorgan Chase & Co. boosted their target price on shares of T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Morgan Stanley lifted their price target on shares of T-Mobile US from $209.00 to $239.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. StockNews.com raised shares of T-Mobile US from a “hold” rating to a “buy” rating in a report on Tuesday, July 30th. Finally, Raymond James lowered shares of T-Mobile US from an “outperform” rating to a “market perform” 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 assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $241.83.

T-Mobile US Trading Up 0.4 %

TMUS stock opened at $224.25 on Tuesday. The firm’s 50-day moving average is $209.38 and its 200 day moving average is $188.30. 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, Inc. has a 12 month low of $145.77 and a 12 month high of $234.56. The company has a market capitalization of $260.24 billion, a PE ratio of 25.57, a P/E/G ratio of 1.14 and a beta of 0.50.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) 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 company had revenue of $20.16 billion for the quarter, compared to analysts’ expectations of $20.01 billion. During the same period in the prior year, the business earned $1.82 EPS. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. On average, research analysts anticipate that T-Mobile US, Inc. will post 9.36 EPS for the current year.

T-Mobile US Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be given a $0.88 dividend. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 annualized dividend and a dividend yield of 1.57%. The ex-dividend date is Wednesday, November 27th. T-Mobile US’s dividend payout ratio (DPR) is presently 29.65%.

Insiders Place Their Bets

In related news, CFO Peter Osvaldik sold 20,000 shares of the stock in a transaction on Friday, October 25th. The shares were sold at an average price of $233.55, for a total transaction of $4,671,000.00. Following the sale, the chief financial officer now directly owns 61,307 shares of the company’s stock, valued at approximately $14,318,249.85. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CFO Peter Osvaldik sold 20,000 shares of T-Mobile US stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $233.55, for a total value of $4,671,000.00. Following the sale, the chief financial officer now directly owns 61,307 shares in the company, valued at approximately $14,318,249.85. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Mark Wolfe Nelson sold 42,769 shares of T-Mobile US stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $216.26, for a total value of $9,249,223.94. Following the completion of the sale, the executive vice president now owns 61,871 shares in the company, valued at approximately $13,380,222.46. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 359,261 shares of company stock valued at $72,263,430. 0.67% of the stock is owned by insiders.

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.