Berger Financial Group Inc Trims Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Key Points

• Berger Financial Group Inc drastically reduced its shares in T-Mobile US by 97.2%, ending the first quarter with holdings worth $213,000 after selling 27,639 shares.
• Despite Berger's sell-off, other hedge funds such as Crestwood Advisors Group LLC increased their positions, reflecting mixed sentiment towards T-Mobile US.
• T-Mobile US reported a quarterly earnings per share (EPS) of $2.84, outperforming analysts' expectations and indicating a 6.9% year-over-year revenue growth.

Berger Financial Group Inc lessened its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 97.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 799 shares of the Wireless communications provider's stock after selling 27,639 shares during the quarter. Berger Financial Group Inc's holdings in T-Mobile US were worth $213,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Fiduciary Family Office LLC acquired a new position in T-Mobile US in the 1st quarter worth approximately $1,719,000. Benjamin Edwards Inc. grew its stake in shares of T-Mobile US by 24.8% during the 1st quarter. Benjamin Edwards Inc. now owns 210,843 shares of the Wireless communications provider's stock worth $56,234,000 after purchasing an additional 41,936 shares during the period. Koss Olinger Consulting LLC acquired a new stake in shares of T-Mobile US during the 1st quarter worth approximately $548,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of T-Mobile US by 4.3% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 172,801 shares of the Wireless communications provider's stock worth $46,088,000 after purchasing an additional 7,169 shares during the period. Finally, Zions Bancorporation National Association UT acquired a new stake in shares of T-Mobile US during the 1st quarter worth approximately $260,000. Institutional investors and hedge funds own 42.49% of the company's stock.

Insider Activity at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction 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 transaction, the director owned 647,660,844 shares in the company, valued at $154,195,093,739.52. The trade was a 0.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders sold 1,904,530 shares of company stock worth $445,006,069. 0.37% of the stock is owned by insiders.

T-Mobile US Price Performance

TMUS stock traded up $3.41 during midday trading on Tuesday, reaching $252.28. The stock had a trading volume of 4,620,336 shares, compared to its average volume of 4,421,133. The company's fifty day simple moving average is $235.12 and its 200 day simple moving average is $246.79. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33. The company has a market cap of $283.92 billion, a price-to-earnings ratio of 23.80, a price-to-earnings-growth ratio of 1.37 and a beta of 0.62. T-Mobile US, Inc. has a 52-week low of $192.61 and a 52-week 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 for the quarter, beating analysts' consensus estimates of $2.69 by $0.15. The company had revenue of $21.13 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.49 EPS. As a group, sell-side analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.88 per share. 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 currently 33.21%.

Analysts Set New Price Targets

A number of brokerages have recently commented on TMUS. JPMorgan Chase & Co. raised their price objective on shares of T-Mobile US from $270.00 to $280.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Redburn Atlantic raised shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price objective on the stock in a research note on Monday, July 7th. Bank of America began coverage on shares of T-Mobile US in a research note on Monday, July 7th. They set a "neutral" rating and a $255.00 price objective on the stock. Rothschild & Co Redburn raised shares of T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price objective on the stock in a research note on Monday, July 7th. Finally, Wall Street Zen lowered T-Mobile US from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, T-Mobile US presently has an average rating of "Moderate Buy" and an average target price of $256.31.

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.