Allspring Global Investments Holdings LLC Sells 418,551 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Allspring Global Investments Holdings LLC decreased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 89.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 50,756 shares of the Wireless communications provider’s stock after selling 418,551 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in T-Mobile US were worth $10,474,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in TMUS. Wealthcare Advisory Partners LLC boosted its holdings in shares of T-Mobile US by 23.8% in the first quarter. Wealthcare Advisory Partners LLC now owns 2,754 shares of the Wireless communications provider’s stock worth $449,000 after acquiring an additional 529 shares during the period. OneAscent Financial Services LLC grew its holdings in T-Mobile US by 80.8% during the 1st quarter. OneAscent Financial Services LLC now owns 2,578 shares of the Wireless communications provider’s stock valued at $421,000 after buying an additional 1,152 shares in the last quarter. Vicus Capital purchased a new position in T-Mobile US during the 1st quarter valued at about $279,000. Founders Financial Securities LLC lifted its holdings in shares of T-Mobile US by 30.4% in the first quarter. Founders Financial Securities LLC now owns 8,643 shares of the Wireless communications provider’s stock worth $1,411,000 after buying an additional 2,013 shares in the last quarter. Finally, New Mexico Educational Retirement Board boosted its position in shares of T-Mobile US by 14.0% in the first quarter. New Mexico Educational Retirement Board now owns 34,150 shares of the Wireless communications provider’s stock valued at $5,574,000 after acquiring an additional 4,200 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TMUS. TD Cowen upped their target price on shares of T-Mobile US from $216.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday. StockNews.com upgraded T-Mobile US from a “hold” rating to a “buy” rating in a research report on Tuesday, July 30th. JPMorgan Chase & Co. boosted their target price on T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a research report on Thursday. Barclays lifted their price target on T-Mobile US from $215.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Sanford C. Bernstein upgraded shares of T-Mobile US to a “strong-buy” rating in a research report on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $240.17.

T-Mobile US Stock Down 3.1 %

TMUS opened at $226.36 on Friday. T-Mobile US, Inc. has a 12 month low of $138.42 and a 12 month high of $234.56. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 1.22. The business’s 50-day moving average price is $206.12 and its 200-day moving average price is $185.23. The company has a market cap of $264.11 billion, a P/E ratio of 28.37, a P/E/G ratio of 1.15 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, topping analysts’ consensus estimates of $2.32 by $0.29. The business had revenue of $20.16 billion for the quarter, compared to analysts’ expectations of $20.01 billion. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.82 EPS. On average, equities analysts expect that T-Mobile US, Inc. will post 9.22 EPS for the current year.

T-Mobile US Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be issued a dividend of $0.88 per share. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Wednesday, November 27th. T-Mobile US’s dividend payout ratio is currently 32.58%.

Insiders Place Their Bets

In related news, EVP Deeanne King sold 15,437 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $190.00, for a total value of $2,933,030.00. Following the sale, the executive vice president now directly owns 35,588 shares of the company’s stock, valued at $6,761,720. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, EVP Deeanne King sold 15,437 shares of T-Mobile US stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $190.00, for a total value of $2,933,030.00. Following the sale, the executive vice president now owns 35,588 shares in the company, valued at $6,761,720. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Mark Wolfe Nelson sold 42,769 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $216.26, for a total transaction of $9,249,223.94. Following the completion of the sale, the executive vice president now directly owns 61,871 shares of the company’s stock, valued at approximately $13,380,222.46. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 349,261 shares of company stock valued at $69,411,130 in the last quarter. Insiders own 0.67% of the company’s stock.

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.