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

Bremer Bank National Association decreased its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 3.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,164 shares of the Wireless communications provider’s stock after selling 948 shares during the quarter. T-Mobile US comprises 1.2% of Bremer Bank National Association’s investment portfolio, making the stock its 27th largest holding. Bremer Bank National Association’s holdings in T-Mobile US were worth $6,217,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of TMUS. Wellington Management Group LLP increased its stake in T-Mobile US by 4.0% in the 3rd quarter. Wellington Management Group LLP now owns 15,524,529 shares of the Wireless communications provider’s stock valued at $3,203,642,000 after buying an additional 602,786 shares during the period. FMR LLC increased its stake in T-Mobile US by 13.4% in the 3rd quarter. FMR LLC now owns 12,893,770 shares of the Wireless communications provider’s stock valued at $2,660,758,000 after buying an additional 1,522,394 shares during the period. Franklin Resources Inc. increased its stake in T-Mobile US by 9.9% in the 3rd quarter. Franklin Resources Inc. now owns 6,553,703 shares of the Wireless communications provider’s stock valued at $1,448,426,000 after buying an additional 590,711 shares during the period. Legal & General Group Plc increased its stake in T-Mobile US by 6.8% in the 2nd quarter. Legal & General Group Plc now owns 4,751,007 shares of the Wireless communications provider’s stock valued at $837,032,000 after buying an additional 303,582 shares during the period. Finally, Barclays PLC increased its stake in T-Mobile US by 38.3% in the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock valued at $653,160,000 after buying an additional 876,182 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Tigress Financial boosted their price objective on shares of T-Mobile US from $235.00 to $280.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Wells Fargo & Company cut shares of T-Mobile US from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $240.00 to $220.00 in a research note on Monday, January 6th. Benchmark upped their price target on shares of T-Mobile US from $250.00 to $255.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Morgan Stanley initiated coverage on shares of T-Mobile US in a research note on Monday, December 16th. They set an “overweight” rating and a $280.00 price target on the stock. Finally, Royal Bank of Canada cut shares of T-Mobile US from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from $255.00 to $240.00 in a research note on Monday, January 6th. Seven investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $245.74.

Insider Transactions at T-Mobile US

In related news, CEO G Michael Sievert sold 20,000 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $237.73, for a total transaction of $4,754,600.00. Following the completion of the sale, the chief executive officer now owns 378,124 shares of the company’s stock, valued at approximately $89,891,418.52. This represents a 5.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Srikant M. Datar sold 1,000 shares of the 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. Insiders have sold a total of 164,200 shares of company stock worth $37,407,303 in the last three months. Company insiders own 0.67% of the company’s stock.

T-Mobile US Price Performance

NASDAQ:TMUS opened at $218.97 on Monday. The firm has a market cap of $254.11 billion, a price-to-earnings ratio of 24.97, a price-to-earnings-growth ratio of 1.05 and a beta of 0.56. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. The company’s 50-day moving average is $228.93 and its two-hundred day moving average is $210.47. T-Mobile US, Inc. has a 12-month low of $158.84 and a 12-month high of $248.15.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.32 by $0.29. The company had revenue of $20.16 billion for 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 firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.82 EPS. Research analysts expect that T-Mobile US, Inc. will post 9.31 EPS 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 issued a dividend of $0.88 per share. The ex-dividend date is Friday, February 28th. This represents a $3.52 annualized dividend and a dividend yield of 1.61%. T-Mobile US’s payout ratio is currently 40.14%.

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.