IFM Investors Pty Ltd Sells 5,917 Shares of T-Mobile US, Inc. $TMUS

Key Points

• IFM Investors Pty Ltd reduced its holdings in T-Mobile US by 6.1%, owning 91,406 shares valued at approximately $21.78 million after selling 5,917 shares in the second quarter.
• T-Mobile US reported $2.84 EPS for the last quarter, exceeding estimates and showing a 6.9% year-over-year revenue increase to $21.13 billion.
• The company declared an increased quarterly dividend of $1.02, representing a significant rise from the previous $0.88 dividend, with a payout ratio of 33.21%.

IFM Investors Pty Ltd trimmed its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 6.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 91,406 shares of the Wireless communications provider's stock after selling 5,917 shares during the quarter. IFM Investors Pty Ltd's holdings in T-Mobile US were worth $21,778,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. GAMMA Investing LLC grew its stake in T-Mobile US by 29,289.4% in the 1st quarter. GAMMA Investing LLC now owns 3,053,563 shares of the Wireless communications provider's stock valued at $814,416,000 after buying an additional 3,043,173 shares during the last quarter. Nuveen LLC acquired a new position in T-Mobile US in the 1st quarter valued at about $618,248,000. Canada Pension Plan Investment Board grew its stake in T-Mobile US by 14.3% in the 1st quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider's stock valued at $1,837,399,000 after buying an additional 864,030 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in T-Mobile US by 25.4% in the 1st 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 buying an additional 844,932 shares during the last quarter. Finally, Amundi grew its stake in T-Mobile US by 34.4% in the 1st quarter. Amundi now owns 3,176,925 shares of the Wireless communications provider's stock valued at $851,066,000 after buying an additional 813,331 shares during the last quarter. 42.49% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Bank of America began coverage on shares of T-Mobile US in a research note on Monday, July 7th. They issued a "neutral" rating and a $255.00 price target on the stock. JPMorgan Chase & Co. upped their price target on shares of T-Mobile US from $270.00 to $280.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. The Goldman Sachs Group started coverage on shares of T-Mobile US in a research note on Tuesday, September 2nd. They issued a "buy" rating and a $286.00 price objective for the company. Morgan Stanley boosted their price objective on shares of T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Finally, 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 research report on Monday, July 7th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $258.02.

T-Mobile US Price Performance

Shares of NASDAQ TMUS traded down $0.66 during trading hours on Friday, hitting $238.17. 7,442,087 shares of the stock were exchanged, compared to its average volume of 3,765,798. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. The company has a market cap of $268.04 billion, a PE ratio of 22.47, a price-to-earnings-growth ratio of 1.31 and a beta of 0.61. The company's fifty day simple moving average is $243.89 and its two-hundred day simple moving average is $245.66. T-Mobile US, Inc. has a 1-year low of $197.46 and a 1-year high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 14.53% and a return on equity of 19.68%. The firm's revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter last year, the business posted $2.49 EPS. On average, sell-side analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 1.7%. 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. T-Mobile US's payout ratio is currently 33.21%.

Insider Buying and Selling

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction that occurred 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 of the company's stock, valued at $154,195,093,739.52. This represents a 0.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders have sold 2,611,714 shares of company stock valued at $628,056,504. 0.37% of the stock is 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.