T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by Bank of Nova Scotia

Key Points

• Bank of Nova Scotia reduced its stake in T-Mobile US, Inc. by 76.3%, selling 166,331 shares and leaving it with 51,569 shares valued at approximately $13.75 million.
• Insider Callie R. Field sold 12,300 shares of T-Mobile US stock for about $2.96 million, while Jon Freier sold 7,000 shares for $1.75 million, indicating notable insider transactions.
• Analysts' ratings for T-Mobile US include one sell, thirteen hold, nine buy, and three strong buy, with an average target price set at $256.31.

Bank of Nova Scotia cut its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 76.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 51,569 shares of the Wireless communications provider's stock after selling 166,331 shares during the quarter. Bank of Nova Scotia's holdings in T-Mobile US were worth $13,754,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TMUS. Godsey & Gibb Inc. raised its stake in T-Mobile US by 139.5% in the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock valued at $27,000 after buying an additional 60 shares in the last quarter. TCTC Holdings LLC increased its holdings in T-Mobile US by 208.1% in the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock valued at $30,000 after buying an additional 77 shares during the last quarter. Adirondack Trust Co. grew its holdings in shares of T-Mobile US by 366.7% during the first quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock valued at $37,000 after purchasing an additional 110 shares during the last quarter. City Holding Co. boosted its stake 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 valued at $37,000 after purchasing an additional 43 shares in the last quarter. Finally, Pinney & Scofield Inc. purchased a new stake in shares of T-Mobile US in the fourth quarter valued at $39,000. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on TMUS shares. Bank of America started coverage on T-Mobile US in a report on Monday, July 7th. They set a "neutral" rating and a $255.00 price objective on the stock. JPMorgan Chase & Co. upped their price objective on T-Mobile US from $270.00 to $280.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. 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. KeyCorp reiterated an "underweight" rating and set a $200.00 price target on shares of T-Mobile US in a report on Wednesday, July 9th. Finally, Scotiabank raised shares of T-Mobile US from a "sector perform" rating to a "sector outperform" rating and increased their price objective for the stock from $275.00 to $277.50 in a research report on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $256.31.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the company's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $238.08, for a total transaction of $16,627,507.20. Following the sale, the director directly owned 647,660,844 shares in the company, valued at $154,195,093,739.52. This represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders sold 1,695,010 shares of company stock valued at $393,849,666 in the last quarter. 0.37% of the stock is owned by insiders.

T-Mobile US Stock Up 1.6%

T-Mobile US stock traded up $3.83 during mid-day trading on Thursday, reaching $243.05. The stock had a trading volume of 2,612,713 shares, compared to its average volume of 4,351,129. The firm has a market capitalization of $273.53 billion, a PE ratio of 22.93, a price-to-earnings-growth ratio of 1.31 and a beta of 0.62. 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, Inc. has a fifty-two week low of $190.00 and a fifty-two week high of $276.49. The stock's 50-day simple moving average is $234.72 and its 200-day simple moving average is $245.80.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 return on equity of 19.68% and a net margin of 14.53%. The firm's quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.49 EPS. On average, sell-side analysts forecast that T-Mobile US, Inc. will post 10.37 EPS 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. This represents a $3.52 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, August 29th. T-Mobile US's payout ratio is presently 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.