Federated Hermes Inc. Lowers Stock Position in T-Mobile US, Inc. $TMUS

Federated Hermes Inc. trimmed its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 21.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 82,670 shares of the Wireless communications provider’s stock after selling 23,067 shares during the period. Federated Hermes Inc.’s holdings in T-Mobile US were worth $19,790,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of T-Mobile US in the 2nd quarter worth about $1,477,780,000. Marshall Wace LLP increased its position in T-Mobile US by 2,303.2% during the 2nd quarter. Marshall Wace LLP now owns 1,797,086 shares of the Wireless communications provider’s stock worth $428,174,000 after purchasing an additional 1,878,654 shares in the last quarter. Viking Global Investors LP increased its position in T-Mobile US by 81.7% during the 2nd quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock worth $677,925,000 after purchasing an additional 1,279,422 shares in the last quarter. State Street Corp raised its holdings in T-Mobile US by 4.5% in the second quarter. State Street Corp now owns 23,141,316 shares of the Wireless communications provider’s stock valued at $5,513,650,000 after buying an additional 994,740 shares during the period. Finally, Crake Asset Management LLP acquired a new position in T-Mobile US during the second quarter valued at approximately $160,945,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Stock Performance

Shares of TMUS opened at $197.21 on Friday. The firm has a market cap of $220.58 billion, a price-to-earnings ratio of 18.96, a PEG ratio of 1.05 and a beta of 0.45. The company has a quick ratio of 0.80, a current ratio of 0.89 and a debt-to-equity ratio of 1.37. The business’s 50 day moving average is $197.76 and its two-hundred day moving average is $221.05. T-Mobile US, Inc. has a 52-week low of $181.36 and a 52-week high of $276.49.

T-Mobile US Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Friday, February 27th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Friday, February 27th. T-Mobile US’s dividend payout ratio (DPR) is currently 39.23%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Daiwa Capital Markets dropped their price objective on shares of T-Mobile US from $240.00 to $230.00 and set a “neutral” rating for the company in a research report on Tuesday, October 28th. Sanford C. Bernstein cut their price objective on T-Mobile US from $265.00 to $245.00 and set a “market perform” rating on the stock in a research report on Thursday, January 15th. Wells Fargo & Company decreased their target price on T-Mobile US from $260.00 to $225.00 and set an “overweight” rating for the company in a research report on Monday, January 26th. HSBC upgraded T-Mobile US from a “hold” rating to a “buy” rating and set a $285.00 target price for the company in a research note on Friday, October 24th. Finally, Royal Bank Of Canada reduced their price target on T-Mobile US from $270.00 to $255.00 and set an “outperform” rating on the stock in a research report on Friday, January 16th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, T-Mobile US has a consensus rating of “Moderate Buy” and an average target price of $255.58.

Insider Activity at T-Mobile US

In other news, CEO Srini Gopalan acquired 9,800 shares of the stock in a transaction that occurred on Thursday, November 6th. The stock was purchased at an average cost of $201.82 per share, with a total value of $1,977,836.00. Following the completion of the acquisition, the chief executive officer directly owned 90,258 shares in the company, valued at $18,215,869.56. This represents a 12.18% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director G Michael Sievert sold 22,500 shares of the stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $216.97, for a total value of $4,881,825.00. Following the transaction, the director directly owned 308,696 shares in the company, valued at approximately $66,977,771.12. This represents a 6.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 51,457 shares of company stock worth $11,149,636 over the last quarter. Company insiders own 0.37% of the company’s stock.

T-Mobile US Company Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.