Generali Asset Management SPA SGR Trims Holdings in T-Mobile US, Inc. $TMUS

Key Points

• Generali Asset Management SPA SGR reduced its stake in T-Mobile US, Inc. by 32.3%, bringing their total holdings to 23,676 shares valued at approximately $5.64 million.
• T-Mobile US reported a quarterly earnings per share (EPS) of $2.84, surpassing analysts' expectations of $2.69, and showed a year-over-year revenue increase of 6.9% to $21.13 billion.
• The company declared a new quarterly dividend of $1.02 per share, representing a notable increase from the previous dividend of $0.88, with a payout ratio of 38.49%.

Generali Asset Management SPA SGR lowered its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 32.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,676 shares of the Wireless communications provider's stock after selling 11,312 shares during the quarter. Generali Asset Management SPA SGR's holdings in T-Mobile US were worth $5,641,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Hohimer Wealth Management LLC boosted its holdings in shares of T-Mobile US by 2.3% in the first quarter. Hohimer Wealth Management LLC now owns 1,800 shares of the Wireless communications provider's stock valued at $480,000 after acquiring an additional 41 shares in the last quarter. Journey Strategic Wealth LLC lifted its position in T-Mobile US by 4.2% in the first quarter. Journey Strategic Wealth LLC now owns 1,022 shares of the Wireless communications provider's stock worth $273,000 after purchasing an additional 41 shares during the period. Angeles Wealth Management LLC increased its position in shares of T-Mobile US by 1.2% during the 1st quarter. Angeles Wealth Management LLC now owns 3,328 shares of the Wireless communications provider's stock valued at $888,000 after purchasing an additional 41 shares during the period. Weaver Capital Management LLC raised its stake in shares of T-Mobile US by 0.6% in the 2nd quarter. Weaver Capital Management LLC now owns 6,737 shares of the Wireless communications provider's stock worth $1,605,000 after buying an additional 42 shares in the last quarter. Finally, Bank of Stockton lifted its holdings in shares of T-Mobile US by 1.2% in the second quarter. Bank of Stockton now owns 3,802 shares of the Wireless communications provider's stock valued at $906,000 after buying an additional 44 shares during the period. 42.49% of the stock is owned by institutional investors and hedge funds.

T-Mobile US Stock Performance

T-Mobile US stock opened at $226.65 on Thursday. The firm's 50 day simple moving average is $242.60 and its 200-day simple moving average is $242.23. The company has a market cap of $255.08 billion, a P/E ratio of 21.38, a price-to-earnings-growth ratio of 1.57 and a beta of 0.59. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.13. T-Mobile US, Inc. has a fifty-two week low of $208.39 and a fifty-two week 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 EPS for the quarter, topping analysts' consensus estimates 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 analyst estimates of $20.99 billion. During the same quarter last year, the business posted $2.49 EPS. The company's revenue was up 6.9% on a year-over-year basis. As a group, equities research analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Wednesday, November 26th. This is a positive change from T-Mobile US's previous quarterly dividend of $0.88. This represents a $4.08 annualized dividend and a yield of 1.8%. T-Mobile US's payout ratio is presently 38.49%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on TMUS shares. Rothschild Redb raised T-Mobile US to a "hold" rating in a report on Tuesday, September 30th. Benchmark raised their price objective on shares of T-Mobile US from $275.00 to $295.00 and gave the company a "buy" rating in a research report on Friday, October 10th. Rothschild & Co Redburn upgraded shares of T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 target price on the stock in a report on Monday, July 7th. Redburn Atlantic raised shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 target price for the company in a research note on Monday, July 7th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of T-Mobile US from $280.00 to $300.00 in a report on Thursday, October 2nd. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $265.13.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 64,426 shares of the firm's stock in a transaction dated Monday, October 13th. The stock was sold at an average price of $226.15, for a total transaction of $14,569,939.90. Following the completion of the sale, the director directly owned 627,846,473 shares in the company, valued at approximately $141,987,479,868.95. This trade represents a 0.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last three months, insiders sold 2,418,333 shares of company stock valued at $584,293,759. 0.37% of the stock is currently owned by corporate insiders.

T-Mobile US 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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