Allspring Global Investments Holdings LLC Lowers Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Allspring Global Investments Holdings LLC reduced its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 6.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,669 shares of the Wireless communications provider’s stock after selling 1,984 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in T-Mobile US were worth $7,430,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of TMUS. 3Chopt Investment Partners LLC acquired a new position in shares of T-Mobile US in the first quarter worth about $271,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in T-Mobile US by 18.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 406,288 shares of the Wireless communications provider’s stock valued at $107,638,000 after buying an additional 62,416 shares during the last quarter. Bartlett & CO. Wealth Management LLC boosted its stake in T-Mobile US by 33.5% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 78,171 shares of the Wireless communications provider’s stock valued at $20,849,000 after purchasing an additional 19,602 shares during the period. Illinois Municipal Retirement Fund grew its holdings in T-Mobile US by 4.3% in the 1st quarter. Illinois Municipal Retirement Fund now owns 124,440 shares of the Wireless communications provider’s stock worth $33,189,000 after buying an additional 5,110 shares in the last quarter. Finally, Transcend Capital Advisors LLC acquired a new position in shares of T-Mobile US during the first quarter valued at $218,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Up 1.2%

TMUS opened at $240.31 on Friday. T-Mobile US, Inc. has a twelve month low of $173.74 and a twelve month high of $276.49. The firm has a market cap of $272.86 billion, a price-to-earnings ratio of 23.44, a PEG ratio of 1.32 and a beta of 0.62. The firm’s 50-day simple moving average is $238.63 and its 200-day simple moving average is $243.13. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.08 and a current ratio of 1.16.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.10. The business had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.67 billion. T-Mobile US had a net margin of 14.41% and a return on equity of 19.09%. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.00 EPS. Equities research analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.46%. The ex-dividend date is Friday, August 29th. T-Mobile US’s dividend payout ratio is 34.34%.

Analyst Ratings Changes

Several equities research analysts recently commented on TMUS shares. Wall Street Zen cut T-Mobile US from a “buy” rating to a “hold” rating in a report on Saturday, May 24th. Scotiabank raised shares of T-Mobile US from a “sector perform” rating to a “sector outperform” rating and increased their price target for the stock from $275.00 to $277.50 in a research report on Wednesday, April 30th. JPMorgan Chase & Co. boosted their target price on T-Mobile US from $265.00 to $270.00 and gave the company an “overweight” rating in a research note on Tuesday, March 18th. Citigroup lowered shares of T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 price target on the stock. in a research note on Friday, March 14th. Finally, Benchmark restated a “buy” rating and issued a $275.00 target price on shares of T-Mobile US in a report on Thursday, March 27th. Eleven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $257.68.

Insider Buying and Selling at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $237.89, for a total transaction of $16,614,237.60. Following the completion of the sale, the director directly owned 647,800,524 shares of the company’s stock, valued at approximately $154,105,266,654.36. This represents a 0.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders sold 628,560 shares of company stock valued at $144,455,659. Corporate insiders own 0.37% of the company’s stock.

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.