Avanza Fonder AB Trims Stock Holdings in T-Mobile US, Inc. $TMUS

Key Points

• Avanza Fonder AB reduced its stake in T-Mobile US, Inc. by 4.9%, now holding 32,321 shares worth approximately $7.7 million as of the latest SEC filing.
• T-Mobile US has announced a dividend increase to $1.02 per share, payable on December 11th, raising its annualized dividend yield to 1.7%.
• Analysts have varied ratings for T-Mobile US, with a consensus of "Moderate Buy" and a target price of $258.02, while some have maintained an "underweight" rating at a $200 price target.

Avanza Fonder AB lessened its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 4.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,321 shares of the Wireless communications provider's stock after selling 1,673 shares during the period. Avanza Fonder AB's holdings in T-Mobile US were worth $7,701,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Wellington Management Group LLP boosted its holdings in shares of T-Mobile US by 1.7% during the 1st quarter. Wellington Management Group LLP now owns 12,846,939 shares of the Wireless communications provider's stock valued at $3,426,407,000 after buying an additional 214,224 shares in the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of T-Mobile US by 14.3% during the 1st quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider's stock valued at $1,837,399,000 after buying an additional 864,030 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of T-Mobile US by 25.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,172,644 shares of the Wireless communications provider's stock valued at $1,112,886,000 after buying an additional 844,932 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of T-Mobile US by 4.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,050,797 shares of the Wireless communications provider's stock valued at $1,080,388,000 after buying an additional 169,562 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of T-Mobile US by 2.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,295,432 shares of the Wireless communications provider's stock valued at $878,925,000 after buying an additional 65,394 shares in the last quarter. Institutional investors own 42.49% of the company's stock.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 64,426 shares of the company's stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $239.18, for a total transaction of $15,409,410.68. Following the completion of the sale, the director directly owned 634,628,048 shares of the company's stock, valued at approximately $151,790,336,520.64. This represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 2,606,300 shares of company stock worth $627,710,011 in the last three months. Insiders own 0.37% of the company's stock.

T-Mobile US Stock Performance

TMUS traded down $0.62 during midday trading on Monday, hitting $237.55. 4,684,330 shares of the company traded hands, compared to its average volume of 4,302,774. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $267.35 billion, a PE ratio of 22.41, a price-to-earnings-growth ratio of 1.31 and a beta of 0.61. The company's 50-day moving average is $243.89 and its 200 day moving average is $245.54. T-Mobile US, Inc. has a 52 week low of $198.69 and a 52 week high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its earnings results 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 analysts' expectations of $20.99 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The business's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.49 EPS. On average, 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. Investors of record on Wednesday, November 26th will be issued a $1.02 dividend. The ex-dividend date of this dividend is Wednesday, November 26th. This is a positive change from T-Mobile US's previous quarterly dividend of $0.88. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.7%. T-Mobile US's payout ratio is 33.21%.

Wall Street Analysts Forecast Growth

TMUS has been the topic of a number of analyst reports. Bank of America initiated coverage on shares of T-Mobile US in a research note on Monday, July 7th. They issued a "neutral" rating and a $255.00 price target on the stock. Redburn Atlantic upgraded 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 research note on Monday, July 7th. Morgan Stanley upped their price target on shares of T-Mobile US from $265.00 to $285.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Royal Bank Of Canada upped their price target on shares of T-Mobile US from $265.00 to $270.00 and gave the stock a "sector perform" rating in a research note on Friday, July 25th. Finally, Rothschild & Co Redburn upgraded shares of T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price target on the stock in a research note on Monday, July 7th. Three research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $258.02.

T-Mobile US Company 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.