B. Metzler seel. Sohn & Co. AG Reduces Holdings in T-Mobile US, Inc. $TMUS

Key Points

• B. Metzler seel. Sohn & Co. AG reduced its stake in T-Mobile US by 6.3%, selling 1,993 shares and now holding 29,506 shares valued at approximately $7.87 million.
• T-Mobile US reported earnings of $2.84 per share, exceeding analysts' expectations, and a quarterly revenue of $21.13 billion, up 6.9% from the previous year.
• The company announced a quarterly dividend of $0.88 per share, set to be paid on September 11, with a dividend yield of 1.4% and a payout ratio of 33.21%.

B. Metzler seel. Sohn & Co. AG lowered its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 6.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,506 shares of the Wireless communications provider's stock after selling 1,993 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in T-Mobile US were worth $7,870,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its holdings in T-Mobile US by 29,289.4% in the first quarter. GAMMA Investing LLC now owns 3,053,563 shares of the Wireless communications provider's stock worth $814,416,000 after acquiring an additional 3,043,173 shares in the last quarter. Nuveen LLC acquired a new stake in T-Mobile US in the first quarter worth about $618,248,000. Deutsche Bank AG boosted its holdings in T-Mobile US by 38.8% in 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 in the last quarter. Goldman Sachs Group Inc. boosted its holdings in T-Mobile US by 25.4% in 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 in the last quarter. Finally, 1832 Asset Management L.P. boosted its holdings in T-Mobile US by 2,421.3% in the first quarter. 1832 Asset Management L.P. now owns 608,357 shares of the Wireless communications provider's stock worth $162,255,000 after acquiring an additional 584,228 shares in the last quarter. Institutional investors own 42.49% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on TMUS. Morgan Stanley raised their price target on T-Mobile US from $265.00 to $285.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Wall Street Zen cut T-Mobile US from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Bank of America began coverage on T-Mobile US in a research note on Monday, July 7th. They issued a "neutral" rating and a $255.00 price objective for the company. Royal Bank Of Canada raised their price objective on 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 T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price objective for the company in a research note on Monday, July 7th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $256.31.

Insider Activity

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the business's stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $251.23, for a total value of $17,545,903.20. Following the completion of the sale, the director directly owned 635,503,484 shares in the company, valued at $159,657,540,285.32. The trade was a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michael J. Katz sold 2,500 shares of the business's stock in a transaction that occurred 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 owned 158,703 shares of the company's stock, valued at $39,853,497.36. This trade represents a 1.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,418,410 shares of company stock worth $575,342,737 over the last three months. 0.37% of the stock is currently owned by corporate insiders.

T-Mobile US Stock Performance

TMUS stock traded up $1.43 during trading on Monday, hitting $251.99. 3,203,054 shares of the company traded hands, compared to its average volume of 3,931,088. The stock's 50-day simple moving average is $240.80 and its 200 day simple moving average is $247.85. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.13. The company has a market cap of $283.59 billion, a PE ratio of 23.77, a P/E/G ratio of 1.38 and a beta of 0.61. 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 results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.69 by $0.15. The company had revenue of $21.13 billion during the quarter, compared to analysts' expectations of $20.99 billion. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.T-Mobile US's quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the business earned $2.49 earnings per share. On average, equities analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

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

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.