Freedom Investment Management Inc. Sells 1,320 Shares of T-Mobile US, Inc. $TMUS

Key Points

• Freedom Investment Management Inc. reduced its holdings in T-Mobile US, Inc. by 23.4% during the first quarter, now owning 4,318 shares valued at approximately $1,152,000.
• Several brokerages have adjusted their ratings and price targets for T-Mobile US, with JPMorgan Chase raising their target from $270 to $280 and maintaining an "overweight" rating.
• T-Mobile US recently announced a quarterly dividend of $0.88 per share to be paid on September 11th, with a current annualized yield of 1.4%.

Freedom Investment Management Inc. lessened its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 23.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,318 shares of the Wireless communications provider's stock after selling 1,320 shares during the quarter. Freedom Investment Management Inc.'s holdings in T-Mobile US were worth $1,152,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. Godsey & Gibb Inc. increased its holdings in T-Mobile US by 139.5% in the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock valued at $27,000 after buying an additional 60 shares during the period. Stone House Investment Management LLC acquired a new stake in shares of T-Mobile US during the 1st quarter valued at about $29,000. TCTC Holdings LLC increased its stake in T-Mobile US by 208.1% in the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock valued at $30,000 after acquiring an additional 77 shares during the period. Adirondack Trust Co. raised its position in T-Mobile US by 366.7% in the first quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock worth $37,000 after purchasing an additional 110 shares in the last quarter. Finally, City Holding Co. raised its position in T-Mobile US by 45.3% in the first quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock worth $37,000 after purchasing an additional 43 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Price Performance

Shares of T-Mobile US stock traded up $0.16 during trading on Wednesday, reaching $251.36. The company's stock had a trading volume of 3,210,172 shares, compared to its average volume of 4,019,147. The stock has a 50-day moving average price of $239.60 and a two-hundred day moving average price of $248.10. The stock has a market capitalization of $282.89 billion, a P/E ratio of 23.71, a price-to-earnings-growth ratio of 1.37 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. T-Mobile US, Inc. has a one year low of $192.61 and a one year high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.69 by $0.15. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The firm had revenue of $21.13 billion during the quarter, compared to analysts' expectations of $20.99 billion. During the same quarter last year, the company posted $2.49 EPS. The company's quarterly revenue was up 6.9% compared to the same quarter last year. As a group, 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 business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, August 29th. T-Mobile US's payout ratio is 33.21%.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction on Monday, July 7th. The stock was sold at an average price of $238.08, for a total value of $16,627,507.20. Following the transaction, the director directly owned 647,660,844 shares in the company, valued at approximately $154,195,093,739.52. This trade represents a 0.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders sold 2,278,730 shares of company stock worth $540,242,549. 0.37% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TMUS. Redburn Atlantic upgraded T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price objective on the stock in a research note on Monday, July 7th. Royal Bank Of Canada boosted their price target on T-Mobile US from $265.00 to $270.00 and gave the company a "sector perform" rating in a research note on Friday, July 25th. KeyCorp reiterated an "underweight" rating and set a $200.00 price objective on shares of T-Mobile US in a research note on Wednesday, July 9th. Rothschild & Co Redburn raised 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. Finally, Arete Research upgraded shares of T-Mobile US to a "strong-buy" rating in a research note on Tuesday, July 8th. Three investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus 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.