Account Management LLC Decreases Stake in T-Mobile US, Inc. $TMUS

Key Points

• Account Management LLC has reduced its stake in T-Mobile US, Inc. by 10.4%, leaving it with 16,072 shares valued at approximately $3.8 million as of the last reporting period.
• T-Mobile US has announced an increased quarterly dividend of $1.02 per share, up from the previous $0.88, reflecting a positive shift in its financial outlook.
• Insider activity has seen Director Telekom Ag Deutsche selling over 64,000 shares of T-Mobile at an average price of $224.60, resulting in a financial transaction valued at approximately $14.5 million.

Account Management LLC lessened its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 10.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,072 shares of the Wireless communications provider's stock after selling 1,860 shares during the period. T-Mobile US makes up about 4.2% of Account Management LLC's holdings, making the stock its 9th biggest position. Account Management LLC's holdings in T-Mobile US were worth $3,829,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of TMUS. Capital Investment Advisors LLC increased its holdings in T-Mobile US by 15.6% during the 1st quarter. Capital Investment Advisors LLC now owns 1,149 shares of the Wireless communications provider's stock worth $307,000 after acquiring an additional 155 shares during the period. Portside Wealth Group LLC increased its holdings in T-Mobile US by 10.5% during the 1st quarter. Portside Wealth Group LLC now owns 1,074 shares of the Wireless communications provider's stock worth $286,000 after acquiring an additional 102 shares during the period. City Holding Co. increased its holdings in T-Mobile US by 45.3% during the 1st quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock worth $37,000 after acquiring an additional 43 shares during the period. Farther Finance Advisors LLC increased its holdings in T-Mobile US by 29.8% during the 1st quarter. Farther Finance Advisors LLC now owns 5,117 shares of the Wireless communications provider's stock worth $1,374,000 after acquiring an additional 1,175 shares during the period. Finally, Pallas Capital Advisors LLC increased its holdings in T-Mobile US by 57.7% during the 1st quarter. Pallas Capital Advisors LLC now owns 1,865 shares of the Wireless communications provider's stock worth $497,000 after acquiring an additional 682 shares during the period. Institutional investors own 42.49% of the company's stock.

Insider Activity

In other news, Director Telekom Ag Deutsche sold 64,426 shares of the company's stock in a transaction on Monday, October 6th. The shares were sold at an average price of $224.60, for a total value of $14,470,079.60. Following the completion of the sale, the director owned 628,168,603 shares of the company's stock, valued at approximately $141,086,668,233.80. This represents a 0.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders have sold 2,504,415 shares of company stock valued at $604,166,102. 0.37% of the stock is currently owned by corporate insiders.

T-Mobile US Price Performance

Shares of T-Mobile US stock opened at $226.58 on Thursday. T-Mobile US, Inc. has a 52-week low of $208.39 and a 52-week high of $276.49. The stock has a market capitalization of $255.00 billion, a price-to-earnings ratio of 21.38, a price-to-earnings-growth ratio of 1.46 and a beta of 0.59. The company has a fifty day moving average of $243.77 and a 200-day moving average of $243.46. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21.

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

T-Mobile US Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be paid a $1.02 dividend. This is a positive change from T-Mobile US's previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.8%. T-Mobile US's dividend payout ratio is currently 33.21%.

Wall Street Analyst Weigh In

TMUS has been the topic of a number of analyst reports. JPMorgan Chase & Co. upped their target price on shares of T-Mobile US from $280.00 to $300.00 and gave the stock an "overweight" rating in a report on Tuesday, September 30th. Rothschild Redb raised shares of T-Mobile US to a "hold" rating in a research note on Tuesday, September 30th. Weiss Ratings reissued a "buy (b)" rating on shares of T-Mobile US in a research note on Wednesday. Arete Research raised shares of T-Mobile US to a "strong-buy" rating in a research note on Tuesday, July 8th. Finally, Redburn Atlantic raised shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price target for the company in a research note on Monday, July 7th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $264.29.

T-Mobile US 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.

Want to see what other hedge funds are holding TMUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for T-Mobile US, Inc. (NASDAQ:TMUS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.