Erste Asset Management GmbH Decreases Position in T-Mobile US, Inc. $TMUS

Key Points

• Erste Asset Management GmbH reduced its stake in T-Mobile US, Inc. by 1.2% during the first quarter, leaving it with 80,900 shares valued at $21.68 million.
• Multiple hedge funds have recently increased or initiated their stakes in T-Mobile US, with Crestwood Advisors Group lifting its stake by 79.5%.
• T-Mobile US reported earnings of $2.84 per share for the last quarter, surpassing analysts' estimates, with a revenue of $21.13 billion, reflecting a 6.9% year-over-year increase.

Erste Asset Management GmbH decreased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 1.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 80,900 shares of the Wireless communications provider's stock after selling 1,000 shares during the quarter. Erste Asset Management GmbH's holdings in T-Mobile US were worth $21,675,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Crestwood Advisors Group LLC lifted its stake in T-Mobile US by 79.5% during the first quarter. Crestwood Advisors Group LLC now owns 1,635 shares of the Wireless communications provider's stock worth $436,000 after purchasing an additional 724 shares during the last quarter. Burling Wealth Partners LLC purchased a new stake in T-Mobile US during the fourth quarter worth approximately $2,539,000. Advisor Resource Council purchased a new stake in T-Mobile US during the first quarter worth approximately $463,000. Main Street Research LLC lifted its stake 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 during the last quarter. Finally, Sawgrass Asset Management LLC purchased a new stake in T-Mobile US during the first quarter worth approximately $6,543,000. Hedge funds and other institutional investors own 42.49% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TMUS. Bank of America assumed coverage on T-Mobile US in a research note on Monday, July 7th. They set a "neutral" rating and a $255.00 target price for the company. 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 research note on Monday, July 7th. Morgan Stanley boosted their price objective on T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. boosted their price objective on T-Mobile US from $270.00 to $280.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Finally, Arete Research upgraded T-Mobile US to a "strong-buy" rating in a research note on Tuesday, July 8th. Three research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $256.31.

T-Mobile US Trading Up 1.2%

NASDAQ:TMUS opened at $258.22 on Wednesday. The firm has a market cap of $290.61 billion, a P/E ratio of 24.36, a PEG ratio of 1.40 and a beta of 0.62. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33. The stock's 50 day simple moving average is $236.35 and its 200-day simple moving average is $247.65. 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 released 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. The business had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.99 billion. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The company's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.49 earnings per share. Equities analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS 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. Stockholders of record on Friday, August 29th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.4%. T-Mobile US's payout ratio is presently 33.21%.

Insider Activity

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the business's stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $232.27, for a total value of $16,221,736.80. Following the transaction, the director owned 647,521,164 shares of the company's stock, valued at approximately $150,399,740,762.28. The trade was a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold a total of 1,976,870 shares of company stock valued at $463,154,630 over the last quarter. Insiders own 0.37% of the company's stock.

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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