Invesco Ltd. Decreases Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Key Points

• Invesco Ltd. reduced its stake in T-Mobile US by 13.2% during the first quarter, holding 7,647,852 shares valued at approximately $2.04 billion.
• The company recently announced a quarterly dividend of $0.88 per share, with a dividend yield of 1.4%, payable on September 11th.
• T-Mobile US reported a quarterly EPS of $2.84, exceeding the consensus estimate, while its revenue reached $21.13 billion, marking a growth of 6.9% year-over-year.

Invesco Ltd. cut its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 13.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,647,852 shares of the Wireless communications provider's stock after selling 1,161,565 shares during the quarter. T-Mobile US accounts for about 0.4% of Invesco Ltd.'s investment portfolio, making the stock its 29th largest holding. Invesco Ltd. owned 0.67% of T-Mobile US worth $2,039,758,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its holdings in T-Mobile US by 29,289.4% during the first quarter. GAMMA Investing LLC now owns 3,053,563 shares of the Wireless communications provider's stock valued at $814,416,000 after purchasing an additional 3,043,173 shares in the last quarter. Canada Pension Plan Investment Board lifted its holdings 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 in the last quarter. Capital International Investors lifted its holdings in shares of T-Mobile US by 36.2% in the fourth quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider's stock worth $1,440,424,000 after buying an additional 1,734,998 shares in the last quarter. Deutsche Bank AG lifted its holdings in shares of T-Mobile US by 38.8% in the fourth quarter. Deutsche Bank AG now owns 3,465,534 shares of the Wireless communications provider's stock worth $764,947,000 after buying an additional 968,444 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted 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 worth $1,112,886,000 after buying an additional 844,932 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TMUS has been the topic of several research analyst reports. Royal Bank Of Canada boosted their target price on shares of T-Mobile US from $265.00 to $270.00 and gave the stock a "sector perform" rating in a report on Friday, July 25th. Redburn Atlantic raised shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price target on the stock in a research note on Monday, July 7th. 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. KeyCorp reaffirmed an "underweight" rating and set a $200.00 price target on shares of T-Mobile US in a research note on Wednesday, July 9th. Finally, Wall Street Zen downgraded shares of T-Mobile US from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, T-Mobile US has a consensus rating of "Moderate Buy" and an average price target of $256.31.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, insider Jon Freier sold 7,000 shares of the stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $250.00, for a total transaction of $1,750,000.00. Following the completion of the sale, the insider directly owned 199,643 shares of the company's stock, valued at approximately $49,910,750. This represents a 3.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $239.71, for a total transaction of $16,741,346.40. Following the sale, the director directly owned 646,124,364 shares of the company's stock, valued at approximately $154,882,471,294.44. The trade was a 0.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,764,850 shares of company stock valued at $410,591,012. 0.37% of the stock is currently owned by insiders.

T-Mobile US Stock Down 0.0%

T-Mobile US stock traded down $0.03 during midday trading on Tuesday, hitting $248.84. 179,880 shares of the company's stock were exchanged, compared to its average volume of 4,331,687. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. T-Mobile US, Inc. has a 12 month low of $192.61 and a 12 month high of $276.49. The firm has a 50-day moving average of $234.95 and a two-hundred day moving average of $246.75. The company has a market cap of $280.05 billion, a PE ratio of 23.48, a P/E/G ratio of 1.35 and a beta of 0.62.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly 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. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%. The business had revenue of $21.13 billion for the quarter, compared to the consensus estimate of $20.99 billion. During the same period last year, the business posted $2.49 EPS. The business's revenue was up 6.9% compared to the same quarter last year. As a group, analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's dividend payout ratio is presently 33.21%.

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.