MetLife Investment Management LLC Reduces Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

MetLife Investment Management LLC lowered its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 7.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 127,319 shares of the Wireless communications provider’s stock after selling 9,642 shares during the period. MetLife Investment Management LLC’s holdings in T-Mobile US were worth $26,274,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the business. WASHINGTON TRUST Co increased its stake in shares of T-Mobile US by 143.1% in the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 83 shares in the last quarter. DT Investment Partners LLC grew its stake in T-Mobile US by 65.3% in the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 47 shares in the last quarter. Summit Securities Group LLC purchased a new position in T-Mobile US in the 2nd quarter valued at approximately $27,000. Y.D. More Investments Ltd bought a new stake in T-Mobile US during the 2nd quarter valued at $27,000. Finally, MFA Wealth Advisors LLC boosted its holdings in shares of T-Mobile US by 128.3% in the third quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 77 shares during the period. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Price Performance

NASDAQ:TMUS traded up $0.29 during mid-day trading on Wednesday, reaching $244.33. The stock had a trading volume of 189,758 shares, compared to its average volume of 4,385,172. T-Mobile US, Inc. has a one year low of $147.96 and a one year high of $245.37. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.08. The firm has a 50 day moving average price of $221.10 and a two-hundred day moving average price of $196.49. The stock has a market capitalization of $283.54 billion, a P/E ratio of 27.93, a P/E/G ratio of 1.23 and a beta of 0.50.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, topping analysts’ consensus estimates of $2.32 by $0.29. The firm had revenue of $20.16 billion during the quarter, compared to analyst estimates of $20.01 billion. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.82 EPS. As a group, analysts expect that T-Mobile US, Inc. will post 9.38 earnings per share for the current year.

T-Mobile US Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.44%. T-Mobile US’s dividend payout ratio (DPR) is currently 29.65%.

Insider Transactions at T-Mobile US

In other news, Director Raul Marcelo Claure sold 1,572 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $196.00, for a total transaction of $308,112.00. Following the completion of the sale, the director now directly owns 1,824,632 shares in the company, valued at approximately $357,627,872. This represents a 0.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Michael J. Katz sold 3,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $205.30, for a total value of $615,900.00. Following the transaction, the insider now owns 119,687 shares in the company, valued at approximately $24,571,741.10. This represents a 2.45 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 340,750 shares of company stock worth $72,863,634. Company insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on TMUS. Oppenheimer boosted their price objective on T-Mobile US from $215.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. TD Cowen upped their price target on T-Mobile US from $216.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Royal Bank of Canada raised their price objective on shares of T-Mobile US from $232.00 to $255.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Morgan Stanley upped their target price on shares of T-Mobile US from $209.00 to $239.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. raised their price target on shares of T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $241.83.

T-Mobile US Company 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.