T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI cut its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 18.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 196,018 shares of the Wireless communications provider's stock after selling 44,764 shares during the period. T-Mobile US accounts for 1.2% of Commerzbank Aktiengesellschaft FI's holdings, making the stock its 26th biggest holding. Commerzbank Aktiengesellschaft FI's holdings in T-Mobile US were worth $52,280,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Proficio Capital Partners LLC lifted its position in T-Mobile US by 42.5% during the fourth quarter. Proficio Capital Partners LLC now owns 2,877 shares of the Wireless communications provider's stock valued at $635,000 after acquiring an additional 858 shares during the last quarter. Madison Investment Advisors LLC purchased a new position in shares of T-Mobile US during the fourth quarter worth $2,207,000. Harbour Investments Inc. grew its position in T-Mobile US by 10.3% during the fourth quarter. Harbour Investments Inc. now owns 1,009 shares of the Wireless communications provider's stock valued at $223,000 after buying an additional 94 shares during the period. Evoke Wealth LLC grew its position in T-Mobile US by 3.2% during the fourth quarter. Evoke Wealth LLC now owns 1,561 shares of the Wireless communications provider's stock valued at $345,000 after buying an additional 48 shares during the period. Finally, Generali Asset Management SPA SGR acquired a new stake in T-Mobile US during the fourth quarter valued at $3,453,000. 42.49% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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 owned 647,660,844 shares in the company, valued at approximately $154,195,093,739.52. This represents a 0.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In the last ninety days, insiders have sold 1,116,990 shares of company stock worth $256,892,992. Insiders own 0.37% of the company's stock.

T-Mobile US Stock Down 0.7%

NASDAQ TMUS traded down $1.71 on Thursday, hitting $227.03. 3,508,371 shares of the stock were exchanged, compared to its average volume of 4,095,849. The company has a quick ratio of 1.08, a current ratio of 1.16 and a debt-to-equity ratio of 1.35. T-Mobile US, Inc. has a fifty-two week low of $173.74 and a fifty-two week high of $276.49. The company has a market cap of $257.78 billion, a PE ratio of 22.15, a PEG ratio of 1.27 and a beta of 0.62. The company has a 50-day moving average price of $236.04 and a 200-day moving average price of $243.63.

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

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's dividend payout ratio (DPR) is presently 34.34%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TMUS. Redburn Atlantic upgraded shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 target price on the stock in a research report on Monday, July 7th. Bank of America began coverage on shares of T-Mobile US in a research report on Monday, July 7th. They issued a "neutral" rating and a $255.00 target price on the stock. Wall Street Zen lowered shares of T-Mobile US from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. KeyCorp reiterated an "underweight" rating and issued a $200.00 target price on shares of T-Mobile US in a research report on Wednesday, July 9th. Finally, Scotiabank upgraded shares of T-Mobile US from a "sector perform" rating to a "sector outperform" rating and lifted their target price for the company from $275.00 to $277.50 in a research report on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, ten have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $252.61.

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.