1248 Management LLC Sells 1,230 Shares of T-Mobile US, Inc. $TMUS

Key Points

• 1248 Management LLC reduced its stake in T-Mobile US by 23.5%, selling 1,230 shares, bringing its total holdings to 4,000 shares, which are valued at $1,067,000.
• T-Mobile US reported a quarterly earnings per share of $2.84, surpassing analysts' expectations and showing a year-over-year revenue increase of 6.9% to $21.13 billion.
• The company declared a quarterly dividend of $0.88, which will be paid on September 11th, resulting in an annual dividend yield of 1.4%.

1248 Management LLC lowered its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 23.5% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 4,000 shares of the Wireless communications provider's stock after selling 1,230 shares during the period. T-Mobile US accounts for approximately 0.6% of 1248 Management LLC's holdings, making the stock its 27th largest position. 1248 Management LLC's holdings in T-Mobile US were worth $1,067,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Wellington Management Group LLP grew its holdings in T-Mobile US by 1.7% during the first quarter. Wellington Management Group LLP now owns 12,846,939 shares of the Wireless communications provider's stock worth $3,426,407,000 after purchasing an additional 214,224 shares during the period. Canada Pension Plan Investment Board lifted its position in T-Mobile US by 14.3% during the first quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider's stock worth $1,837,399,000 after acquiring an additional 864,030 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in T-Mobile US by 25.4% during the first quarter. Goldman Sachs Group Inc. now owns 4,172,644 shares of the Wireless communications provider's stock worth $1,112,886,000 after acquiring an additional 844,932 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in T-Mobile US by 12.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,881,235 shares of the Wireless communications provider's stock worth $856,705,000 after acquiring an additional 423,993 shares during the last quarter. Finally, Deutsche Bank AG lifted its position in T-Mobile US by 38.8% during the fourth quarter. Deutsche Bank AG now owns 3,465,534 shares of the Wireless communications provider's stock worth $764,947,000 after acquiring an additional 968,444 shares during the last quarter. Institutional investors own 42.49% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on TMUS shares. Redburn Atlantic upgraded shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price objective for the company in a research report on Monday, July 7th. KeyCorp restated an "underweight" rating and set a $200.00 price objective on shares of T-Mobile US in a research report on Wednesday, July 9th. Bank of America started coverage on shares of T-Mobile US in a research report on Monday, July 7th. They set a "neutral" rating and a $255.00 price objective for the company. Rothschild & Co Redburn upgraded shares of T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price objective for the company in a research report on Monday, July 7th. Finally, Royal Bank Of Canada lifted their price target on shares of T-Mobile US from $265.00 to $270.00 and gave the company a "sector perform" rating in a research report on Friday, July 25th. Three analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $258.02.

T-Mobile US Price Performance

NASDAQ TMUS traded up $0.64 on Friday, hitting $252.76. 3,294,176 shares of the company's stock were exchanged, compared to its average volume of 3,654,834. The stock has a 50-day moving average of $243.02 and a 200-day moving average of $247.60. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33. T-Mobile US, Inc. has a 52 week low of $192.61 and a 52 week high of $276.49. The stock has a market cap of $284.46 billion, a price-to-earnings ratio of 23.85, a P/E/G ratio of 1.38 and a beta of 0.61.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, beating analysts' consensus estimates of $2.69 by $0.15. The firm had revenue of $21.13 billion for the quarter, compared to the consensus estimate of $20.99 billion. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The company's revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the business posted $2.49 EPS. Analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the firm's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $256.44, for a total value of $17,909,769.60. Following the sale, the director owned 635,433,644 shares of the company's stock, valued at approximately $162,950,603,667.36. This trade represents a 0.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Michael J. Katz sold 2,500 shares of the firm's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $251.12, for a total value of $627,800.00. Following the completion of the sale, the insider directly owned 158,703 shares in the company, valued at approximately $39,853,497.36. This represents a 1.55% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,488,250 shares of company stock valued at $593,252,506. 0.37% of the stock is currently owned by corporate insiders.

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.