APG Asset Management N.V. Decreases Stock Holdings in T-Mobile US, Inc. $TMUS

Key Points

• APG Asset Management N.V. has reduced its stake in T-Mobile US, Inc. by 11.3%, now holding 458,270 shares valued at approximately $113.15 million.
• T-Mobile US recently reported an earnings per share (EPS) of $2.84, exceeding consensus estimates by $0.15, with a 6.9% increase in revenue year-over-year.
• The company has announced a quarterly dividend of $0.88 per share, set to be paid on September 11th, reflecting a 1.4% dividend yield.

APG Asset Management N.V. lowered its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 11.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 458,270 shares of the Wireless communications provider's stock after selling 58,207 shares during the period. APG Asset Management N.V.'s holdings in T-Mobile US were worth $113,151,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in TMUS. Godsey & Gibb Inc. boosted its holdings in T-Mobile US by 139.5% during the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock worth $27,000 after buying an additional 60 shares in the last quarter. Stone House Investment Management LLC purchased a new stake in T-Mobile US during the first quarter worth about $29,000. TCTC Holdings LLC boosted its holdings in T-Mobile US by 208.1% during the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock worth $30,000 after buying an additional 77 shares in the last quarter. Adirondack Trust Co. boosted its holdings in T-Mobile US by 366.7% during the first quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock worth $37,000 after buying an additional 110 shares in the last quarter. Finally, City Holding Co. lifted its holdings in shares of T-Mobile US by 45.3% in the first quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock valued at $37,000 after purchasing an additional 43 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.

T-Mobile US Stock Performance

Shares of TMUS opened at $251.95 on Friday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. The company has a market capitalization of $283.55 billion, a price-to-earnings ratio of 23.77, a PEG ratio of 1.41 and a beta of 0.62. The company's 50 day simple moving average is $237.98 and its 200 day simple moving average is $247.97. T-Mobile US, Inc. has a 1 year low of $192.61 and a 1 year high of $276.49.

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 the consensus estimate of $2.69 by $0.15. The business had revenue of $21.13 billion for the quarter, compared to the consensus estimate of $20.99 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The company's quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.49 earnings per share. On average, sell-side analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be paid a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $3.52 annualized dividend and a dividend yield of 1.4%. T-Mobile US's dividend payout ratio is presently 33.21%.

Wall Street Analysts Forecast Growth

TMUS has been the topic of several recent research reports. Tigress Financial upped their price target on shares of T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. Redburn Atlantic raised shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price target on the stock in a report on Monday, July 7th. Scotiabank raised shares of T-Mobile US from a "sector perform" rating to a "sector outperform" rating and upped their price target for the company from $275.00 to $277.50 in a report on Wednesday, April 30th. Royal Bank Of Canada upped 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 report on Friday, July 25th. Finally, Wall Street Zen downgraded shares of T-Mobile US from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Three research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, T-Mobile US currently has an average rating of "Moderate Buy" and an average target price of $256.31.

Insider Activity

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the company's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $238.08, for a total transaction of $16,627,507.20. Following the transaction, the director owned 647,660,844 shares of the company's stock, valued at approximately $154,195,093,739.52. This represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold a total of 2,139,050 shares of company stock worth $504,895,827 over the last quarter. 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.

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