Cardinal Capital Management Inc. cut its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 99.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,937 shares of the Wireless communications provider's stock after selling 192,666 shares during the quarter. Cardinal Capital Management Inc.'s holdings in T-Mobile US were worth $325,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of TMUS. JDM Financial Group LLC raised its holdings in T-Mobile US by 114.0% in the 4th quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider's stock valued at $25,000 after acquiring an additional 65 shares during the period. Main Street Group LTD bought a new stake in shares of T-Mobile US during the first quarter worth approximately $25,000. Swiss RE Ltd. acquired a new position in shares of T-Mobile US in the fourth quarter valued at approximately $29,000. Turning Point Benefit Group Inc. grew its position in shares of T-Mobile US by 3,825.0% in the fourth quarter. Turning Point Benefit Group Inc. now owns 157 shares of the Wireless communications provider's stock valued at $32,000 after purchasing an additional 153 shares during the last quarter. Finally, Sachetta LLC grew its position in shares of T-Mobile US by 52.9% in the first quarter. Sachetta LLC now owns 159 shares of the Wireless communications provider's stock valued at $33,000 after purchasing an additional 55 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company's stock.
T-Mobile US Stock Up 0.2%
NASDAQ TMUS opened at $178.59 on Wednesday. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 1.48. T-Mobile US, Inc. has a 1-year low of $165.66 and a 1-year high of $261.56. The company has a 50 day moving average of $181.47 and a 200-day moving average of $194.39. The company has a market cap of $191.57 billion, a price-to-earnings ratio of 18.70, a PEG ratio of 1.00 and a beta of 0.33.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.59 by $0.40. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The business had revenue of $22.79 billion for the quarter, compared to the consensus estimate of $22.95 billion. During the same quarter in the prior year, the business posted $2.84 earnings per share. The firm's quarterly revenue was up 7.9% compared to the same quarter last year. On average, equities research analysts expect that T-Mobile US, Inc. will post 10.73 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 10th. Investors of record on Friday, August 28th will be given a $1.02 dividend. The ex-dividend date is Friday, August 28th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.3%. T-Mobile US's dividend payout ratio (DPR) is presently 42.72%.
Analysts Set New Price Targets
Several research firms recently weighed in on TMUS. KeyCorp dropped their price target on T-Mobile US from $260.00 to $250.00 and set an "overweight" rating for the company in a report on Friday, July 24th. Freedom Capital raised T-Mobile US from a "hold" rating to a "strong-buy" rating in a report on Friday, April 17th. Arete Research increased their price objective on T-Mobile US from $295.00 to $300.00 and gave the stock a "buy" rating in a research report on Tuesday, May 5th. The Goldman Sachs Group reissued a "buy" rating on shares of T-Mobile US in a report on Wednesday, April 29th. Finally, DZ Bank reissued a "buy" rating on shares of T-Mobile US in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, T-Mobile US has an average rating of "Moderate Buy" and an average price target of $252.08.
View Our Latest Research Report on TMUS
Insider Buying and Selling
In related news, COO Jon Freier sold 4,799 shares of the company's stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $190.00, for a total transaction of $911,810.00. Following the completion of the sale, the chief operating officer owned 217,168 shares of the company's stock, valued at $41,261,920. This represents a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.32% of the stock is currently owned by company insiders.
T-Mobile US Company Profile
(
Free Report)
T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.
Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.
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