T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by Choreo LLC

Choreo LLC lessened its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 19.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,832 shares of the Wireless communications provider's stock after selling 4,009 shares during the quarter. Choreo LLC's holdings in T-Mobile US were worth $4,489,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Crestwood Advisors Group LLC boosted its stake in shares of T-Mobile US by 79.5% in the first quarter. Crestwood Advisors Group LLC now owns 1,635 shares of the Wireless communications provider's stock valued at $436,000 after buying an additional 724 shares in the last quarter. Burling Wealth Partners LLC acquired a new position in T-Mobile US during the fourth quarter worth $2,539,000. Advisor Resource Council acquired a new position in T-Mobile US during the first quarter worth $463,000. Main Street Research LLC boosted its position in T-Mobile US by 1.0% during the first quarter. Main Street Research LLC now owns 177,902 shares of the Wireless communications provider's stock worth $47,448,000 after purchasing an additional 1,788 shares in the last quarter. Finally, Westpac Banking Corp boosted its position in T-Mobile US by 25.4% during the fourth quarter. Westpac Banking Corp now owns 10,439 shares of the Wireless communications provider's stock worth $2,304,000 after purchasing an additional 2,113 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on TMUS shares. Scotiabank upgraded T-Mobile US from a "sector perform" rating to a "sector outperform" rating and boosted their target price for the stock from $275.00 to $277.50 in a research report on Wednesday, April 30th. Bank of America started coverage on T-Mobile US in a research report on Monday, July 7th. They set a "neutral" rating and a $255.00 target price on the stock. Arete Research upgraded T-Mobile US to a "strong-buy" rating in a research report on Tuesday, July 8th. Rothschild & Co Redburn upgraded T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 target price on the stock in a research report on Monday, July 7th. Finally, 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. 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 given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $256.31.

T-Mobile US Trading Down 1.6%

Shares of T-Mobile US stock traded down $3.95 during trading hours on Friday, reaching $243.55. The stock had a trading volume of 5,204,895 shares, compared to its average volume of 4,120,475. The company has a current ratio of 1.21, a quick ratio of 1.08 and a debt-to-equity ratio of 1.33. T-Mobile US, Inc. has a 1 year low of $173.74 and a 1 year high of $276.49. The firm has a market capitalization of $274.10 billion, a price-to-earnings ratio of 22.98, a P/E/G ratio of 1.35 and a beta of 0.62. The firm has a 50 day simple moving average of $235.19 and a two-hundred day simple moving average of $244.65.

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 (EPS) for the quarter, beating analysts' consensus estimates of $2.69 by $0.15. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%. The business had revenue of $21.13 billion during the quarter, compared to analyst estimates of $20.99 billion. During the same quarter last year, the firm earned $2.49 earnings per share. The company's revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, equities research analysts anticipate 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 announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $3.52 annualized dividend and a dividend yield of 1.45%. T-Mobile US's dividend payout ratio (DPR) is presently 33.21%.

Insider Buying and Selling at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the company's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $238.08, for a total value of $16,627,507.20. Following the completion of the transaction, the director directly owned 647,660,844 shares in the company, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 1,326,510 shares of company stock valued at $305,246,018 in the last ninety days. 0.37% of the stock is currently owned by corporate insiders.

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.