Fifth Third Bancorp Has $63.86 Million Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Fifth Third Bancorp cut its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 1.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 289,294 shares of the Wireless communications provider’s stock after selling 4,401 shares during the period. Fifth Third Bancorp’s holdings in T-Mobile US were worth $63,856,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. DT Investment Partners LLC grew its holdings in shares of T-Mobile US by 65.3% during the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock worth $25,000 after buying an additional 47 shares in the last quarter. Dunhill Financial LLC grew its stake in shares of T-Mobile US by 76.7% during the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock worth $27,000 after acquiring an additional 56 shares in the last quarter. MFA Wealth Advisors LLC raised 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 valued at $28,000 after purchasing an additional 77 shares during the last quarter. Legacy Investment Solutions LLC bought a new stake in shares of T-Mobile US in the third quarter worth $34,000. Finally, Planning Capital Management Corp boosted its holdings in T-Mobile US by 134.7% during the third quarter. Planning Capital Management Corp now owns 176 shares of the Wireless communications provider’s stock worth $36,000 after purchasing an additional 101 shares during the last quarter. Institutional investors own 42.49% of the company’s stock.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Andre Almeida purchased 3,808 shares of the business’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 acquisition, the director now owns 3,808 shares of the company’s stock, valued at approximately $897,621.76. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Srikant M. Datar sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $247.19, for a total transaction of $247,190.00. Following the sale, the director now directly owns 5,021 shares of the company’s stock, valued at approximately $1,241,140.99. This trade represents a 16.61 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 144,200 shares of company stock valued at $32,736,303. 0.67% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Daiwa America raised shares of T-Mobile US to a “hold” rating in a research report on Friday, October 25th. Raymond James cut T-Mobile US from an “outperform” rating to a “market perform” rating in a research report on Friday, October 25th. Sanford C. Bernstein initiated coverage on T-Mobile US in a research report on Tuesday, December 10th. They set a “market perform” rating and a $265.00 price target on the stock. Citigroup raised their target price on shares of T-Mobile US from $210.00 to $254.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Finally, Evercore ISI upped their price target on shares of T-Mobile US from $220.00 to $240.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Seven investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, T-Mobile US presently has a consensus rating of “Moderate Buy” and an average target price of $245.74.

T-Mobile US Price Performance

Shares of TMUS opened at $218.57 on Friday. The business has a 50-day simple moving average of $227.27 and a two-hundred day simple moving average of $211.34. T-Mobile US, Inc. has a 12-month low of $158.84 and a 12-month high of $248.15. The stock has a market cap of $253.65 billion, a PE ratio of 24.92, a PEG ratio of 1.08 and a beta of 0.56. 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 released its quarterly 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 firm had revenue of $20.16 billion during the quarter, compared to analyst estimates of $20.01 billion. During the same quarter last year, the business earned $1.82 EPS. The company’s revenue was up 4.7% compared to the same quarter last year. Analysts anticipate that T-Mobile US, Inc. will post 9.3 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Friday, February 28th will be issued a $0.88 dividend. The ex-dividend date is Friday, February 28th. This represents a $3.52 annualized dividend and a yield of 1.61%. T-Mobile US’s payout ratio is 40.14%.

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.