Comerica Bank Sells 4,726 Shares of T-Mobile US, Inc. $TMUS

Key Points

• Comerica Bank has reduced its stake in T-Mobile US by 3.4% during the first quarter, now holding 134,544 shares valued at approximately $35.88 million.
• T-Mobile US reported a quarterly earnings per share (EPS) of $2.84, exceeding analysts' expectations of $2.69, alongside revenues of $21.13 billion for the quarter.
• The company has announced a quarterly dividend of $0.88 per share, with a dividend yield of 1.4%, to be paid on September 11th.

Comerica Bank trimmed its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 3.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 134,544 shares of the Wireless communications provider's stock after selling 4,726 shares during the period. Comerica Bank's holdings in T-Mobile US were worth $35,884,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Ancora Advisors LLC grew its holdings in T-Mobile US by 16.6% during the fourth quarter. Ancora Advisors LLC now owns 260 shares of the Wireless communications provider's stock valued at $57,000 after purchasing an additional 37 shares during the period. Snowden Capital Advisors LLC grew its holdings in T-Mobile US by 0.6% during the fourth quarter. Snowden Capital Advisors LLC now owns 6,394 shares of the Wireless communications provider's stock valued at $1,411,000 after purchasing an additional 40 shares during the period. Financial Management Professionals Inc. grew its holdings in T-Mobile US by 15.6% during the first quarter. Financial Management Professionals Inc. now owns 303 shares of the Wireless communications provider's stock valued at $81,000 after purchasing an additional 41 shares during the period. Hohimer Wealth Management LLC grew its holdings in T-Mobile US by 2.3% during the first quarter. Hohimer Wealth Management LLC now owns 1,800 shares of the Wireless communications provider's stock valued at $480,000 after purchasing an additional 41 shares during the period. Finally, Journey Strategic Wealth LLC grew its holdings in T-Mobile US by 4.2% during the first quarter. Journey Strategic Wealth LLC now owns 1,022 shares of the Wireless communications provider's stock valued at $273,000 after purchasing an additional 41 shares during the period. 42.49% of the stock is owned by institutional investors.

T-Mobile US Stock Performance

Shares of TMUS stock opened at $251.95 on Monday. The company's fifty day simple moving average is $237.98 and its 200-day simple moving average is $248.02. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. The firm has a market cap of $283.55 billion, a PE ratio of 23.77, a P/E/G ratio of 1.38 and a beta of 0.62. T-Mobile US, Inc. has a 12 month low of $192.61 and a 12 month 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 EPS for the quarter, topping analysts' consensus estimates of $2.69 by $0.15. The business had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.99 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The firm's revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.49 earnings per share. Equities research analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's payout ratio is currently 33.21%.

Insiders Place Their Bets

In other T-Mobile US news, CEO G Michael Sievert sold 22,500 shares of the company's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $255.58, for a total transaction of $5,750,550.00. Following the sale, the chief executive officer directly owned 358,722 shares of the company's stock, valued at approximately $91,682,168.76. This represents a 5.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Michael J. Katz sold 2,500 shares of the company's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $251.12, for a total transaction of $627,800.00. Following the sale, the insider directly owned 158,703 shares in the company, valued at $39,853,497.36. This trade represents a 1.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,139,050 shares of company stock valued at $504,895,827. 0.37% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on TMUS shares. JPMorgan Chase & Co. boosted their price objective on shares of T-Mobile US from $270.00 to $280.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Redburn Atlantic upgraded shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price target for the company in a report on Monday, July 7th. Morgan Stanley upped their price target on shares of T-Mobile US from $265.00 to $285.00 and gave the company 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, KeyCorp reiterated an "underweight" rating and issued a $200.00 price target on shares of T-Mobile US in a report on Wednesday, July 9th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $256.31.

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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