Blair William & Co. IL Decreases Stake in T-Mobile US, Inc. (NASDAQ: TMUS) – Insider Buying, Analyst Ratings, and Dividend Announcement

Blair William & Co. IL, a prominent institutional investor, recently decreased its stake in T-Mobile US, Inc. by 6.4% in the first quarter. The investor sold 1,132 shares, leaving them with 16,442 shares valued at $2,684,000. This news comes as several other hedge funds have also made adjustments to their holdings of T-Mobile US stock.

Additionally, insider activity within T-Mobile US has been making waves as well. Insider Michael J. Katz recently sold 3,000 shares of the stock at an average price of $177.59, totaling $532,770. This sale follows another transaction by CAO Dara Bazzano, who sold 4,300 shares at an average price of $179.78, amounting to $773,054.

On the analyst side, several analysts have weighed in on T-Mobile US stock, with price target adjustments and ratings changes. Royal Bank of Canada, for example, raised their price target from $184 to $188 and gave the company an “outperform” rating.

In terms of stock performance, T-Mobile US opened at $182.05 on Friday with a market capitalization of $213.34 billion. The company’s most recent quarterly earnings report exceeded expectations, with a reported earnings per share of $2.00.

Furthermore, T-Mobile US recently announced a quarterly dividend, with a payout ratio of 35.37%. This dividend will be paid on Thursday, September 12th to stockholders of record on Friday, August 30th.

Overall, T-Mobile US continues to make waves in the telecommunications industry with its strategic moves and strong financial performance. Stay tuned for more updates on this dynamic company.