Deutsche Bank AG Lowers Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Key Points

• Deutsche Bank AG reduced its stake in T-Mobile US by 25.9%, owning approximately 2.57 million shares valued at $685.28 million after selling 896,149 shares in Q1.
• In contrast, GAMMA Investing LLC significantly increased its position by 29,289.4%, acquiring over 3 million shares worth $814.42 million.
• T-Mobile US announced a quarterly dividend of $0.88 per share, resulting in an annualized payout of $3.52 and a dividend yield of 1.5%.

Deutsche Bank AG lowered its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 25.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,569,385 shares of the Wireless communications provider's stock after selling 896,149 shares during the quarter. Deutsche Bank AG owned about 0.23% of T-Mobile US worth $685,281,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Capital International Investors raised its position in T-Mobile US by 36.2% during the 4th quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider's stock valued at $1,440,424,000 after purchasing an additional 1,734,998 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of T-Mobile US by 85.5% in the fourth quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider's stock worth $1,329,919,000 after buying an additional 2,777,657 shares during the last quarter. 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 worth $1,175,507,000 after purchasing an additional 645,892 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of T-Mobile US by 25.4% in the first 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 purchasing an additional 844,932 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in T-Mobile US by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,084,830 shares of the Wireless communications provider's stock worth $901,643,000 after acquiring an additional 25,667 shares during the period. Hedge funds and other institutional investors own 42.49% of the company's stock.

T-Mobile US Stock Up 0.5%

Shares of TMUS stock traded up $1.12 during trading hours on Monday, hitting $246.10. 940,796 shares of the company were exchanged, compared to its average volume of 4,337,771. The company has a market capitalization of $276.96 billion, a PE ratio of 23.21, a PEG ratio of 1.35 and a beta of 0.62. T-Mobile US, Inc. has a 52 week low of $192.61 and a 52 week high of $276.49. The business has a 50 day moving average of $234.84 and a two-hundred day moving average of $246.54. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, topping the consensus estimate of $2.69 by $0.15. The business had revenue of $21.13 billion during the quarter, compared to the consensus estimate of $20.99 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. T-Mobile US's revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.49 EPS. Analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal 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 paid a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $3.52 annualized dividend and a yield of 1.4%. T-Mobile US's dividend payout ratio is currently 33.21%.

Insider Transactions at T-Mobile US

In other T-Mobile US 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 transaction of $16,627,507.20. Following 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have sold 1,764,850 shares of company stock worth $410,591,012 over the last 90 days. 0.37% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

TMUS has been the topic of several analyst reports. Arete Research upgraded T-Mobile US to a "strong-buy" rating in a research note on Tuesday, July 8th. Rothschild & Co Redburn upgraded T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price objective 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 stock an "overweight" rating in a research report on Thursday, July 24th. Redburn Atlantic raised shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price objective for the company in a research report on Monday, July 7th. Finally, Tigress Financial increased their price target on shares of T-Mobile US from $290.00 to $305.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average 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.