Bessemer Group Inc. Sells 24,108 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Bessemer Group Inc. trimmed its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 64.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,549 shares of the Wireless communications provider's stock after selling 24,108 shares during the quarter. Bessemer Group Inc.'s holdings in T-Mobile US were worth $3,613,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its holdings in shares of T-Mobile US by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 11,857,917 shares of the Wireless communications provider's stock valued at $2,610,542,000 after purchasing an additional 90,755 shares in the last quarter. Invesco Ltd. raised its position in shares of T-Mobile US by 4.6% in the 4th quarter. Invesco Ltd. now owns 8,809,417 shares of the Wireless communications provider's stock worth $1,944,503,000 after acquiring an additional 384,956 shares in the last quarter. Norges Bank bought a new position in shares of T-Mobile US in the 4th quarter worth about $1,802,393,000. Capital International Investors raised its position in shares of T-Mobile US by 36.2% in the 4th quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider's stock worth $1,440,424,000 after acquiring an additional 1,734,998 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its stake in shares of T-Mobile US by 85.5% in the 4th quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider's stock valued at $1,329,919,000 after buying an additional 2,777,657 shares during the period. Institutional investors and hedge funds own 42.49% of the company's stock.

T-Mobile US Stock Up 1.7%

Shares of NASDAQ:TMUS opened at $235.25 on Friday. The company has a 50 day moving average price of $240.00 and a two-hundred day moving average price of $242.80. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.08 and a current ratio of 1.16. The company has a market capitalization of $267.11 billion, a PE ratio of 22.95, a PEG ratio of 1.27 and a beta of 0.64. T-Mobile US, Inc. has a 52 week low of $173.74 and a 52 week high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share for the quarter, topping analysts' consensus estimates of $2.48 by $0.10. The business had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.67 billion. T-Mobile US had a net margin of 14.41% and a return on equity of 19.09%. The firm's revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the previous year, the company earned $2.00 earnings per share. Analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be given a dividend of $0.88 per share. The ex-dividend date is Friday, August 29th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.50%. T-Mobile US's dividend payout ratio is presently 34.34%.

Insider Activity

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the business's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $230.16, for a total transaction of $16,074,374.40. Following the sale, the director now owns 588,274,099 shares in the company, valued at approximately $135,397,166,625.84. The trade was a 0.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders sold 419,040 shares of company stock worth $94,880,434. 0.37% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TMUS. Benchmark reissued a "buy" rating and set a $275.00 price objective on shares of T-Mobile US in a report on Thursday, March 27th. Citigroup downgraded T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 target price on the stock. in a research report on Friday, March 14th. Scotiabank raised shares of T-Mobile US from a "sector perform" rating to a "sector outperform" rating and increased their price target for the stock from $275.00 to $277.50 in a report on Wednesday, April 30th. HSBC cut shares of T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 price target on the stock. in a report on Wednesday, March 5th. Finally, Wall Street Zen cut shares of T-Mobile US from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Eleven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $257.68.

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.

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