Channing Capital Management LLC Decreases Position in T-Mobile US, Inc. $TMUS

Key Points

• Channing Capital Management LLC reduced its holdings in T-Mobile US, Inc. by 33.0%, owning 19,084 shares worth $5.09 million after selling 9,385 shares in the first quarter.
• T-Mobile US reported earnings of $2.84 per share, surpassing analysts' expectations, with revenue of $21.13 billion, indicating a 6.9% increase year-over-year.
• The company announced a quarterly dividend of $0.88, equating to an annualized payout of $3.52 and a dividend yield of 1.4%, with a dividend payout ratio of 33.21%.

Channing Capital Management LLC lessened its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 33.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,084 shares of the Wireless communications provider's stock after selling 9,385 shares during the period. Channing Capital Management LLC's holdings in T-Mobile US were worth $5,090,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of TMUS. GAMMA Investing LLC raised its holdings in T-Mobile US by 29,289.4% in the 1st quarter. GAMMA Investing LLC now owns 3,053,563 shares of the Wireless communications provider's stock valued at $814,416,000 after acquiring an additional 3,043,173 shares during the last quarter. Nuveen LLC acquired a new stake in T-Mobile US in the 1st quarter valued at about $618,248,000. Deutsche Bank AG raised its holdings in T-Mobile US by 38.8% in the 4th quarter. Deutsche Bank AG now owns 3,465,534 shares of the Wireless communications provider's stock valued at $764,947,000 after acquiring an additional 968,444 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in T-Mobile US by 25.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,172,644 shares of the Wireless communications provider's stock valued at $1,112,886,000 after acquiring an additional 844,932 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in T-Mobile US by 13.8% in the 4th quarter. Northern Trust Corp now owns 5,325,541 shares of the Wireless communications provider's stock valued at $1,175,507,000 after acquiring an additional 645,892 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company's stock.

T-Mobile US Trading Down 2.4%

Shares of NASDAQ TMUS traded down $6.21 during midday trading on Friday, reaching $251.95. 3,984,708 shares of the stock were exchanged, compared to its average volume of 3,902,959. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. The stock has a market capitalization of $283.55 billion, a P/E ratio of 23.77, a PEG ratio of 1.38 and a beta of 0.62. The company has a 50 day simple moving average of $237.98 and a 200 day simple moving average of $248.01. T-Mobile US, Inc. has a twelve month low of $192.61 and a twelve month high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its 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. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The firm had revenue of $21.13 billion during the quarter, compared to the consensus estimate of $20.99 billion. During the same quarter last year, the firm earned $2.49 EPS. The firm's revenue for the quarter was up 6.9% on a year-over-year basis. As a group, equities analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be issued a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, August 29th. T-Mobile US's dividend payout ratio (DPR) is 33.21%.

Insider Activity at T-Mobile US

In related news, CEO G Michael Sievert sold 22,500 shares of T-Mobile US stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $255.58, for a total value of $5,750,550.00. Following the completion of the sale, the chief executive officer owned 358,722 shares in the company, valued at approximately $91,682,168.76. This trade represents a 5.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $259.87, for a total transaction of $18,149,320.80. Following the completion of the sale, the director owned 635,992,364 shares of the company's stock, valued at $165,275,335,632.68. This trade represents a 0.01% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,139,050 shares of company stock worth $504,895,827. Insiders own 0.37% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Tigress Financial increased their price objective on shares of T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. KeyCorp restated an "underweight" rating and set a $200.00 price target on shares of T-Mobile US in a report on Wednesday, July 9th. JPMorgan Chase & Co. raised their price target on shares of T-Mobile US from $270.00 to $280.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Arete Research upgraded shares of T-Mobile US to a "strong-buy" rating in a report on Tuesday, July 8th. Finally, Wall Street Zen downgraded shares of T-Mobile US from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Three analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, T-Mobile US presently has an average rating of "Moderate Buy" and a consensus price target of $256.31.

About T-Mobile US

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.