Keybank National Association OH Trims Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Keybank National Association OH lowered its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 0.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 448,084 shares of the Wireless communications provider's stock after selling 3,088 shares during the period. Keybank National Association OH's holdings in T-Mobile US were worth $119,509,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Norges Bank acquired a new position in shares of T-Mobile US in the 4th quarter valued at $1,802,393,000. GAMMA Investing LLC grew its position 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 buying an additional 3,043,173 shares during the period. Canada Pension Plan Investment Board increased its holdings in 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 valued at $1,329,919,000 after buying an additional 2,777,657 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of T-Mobile US in the fourth quarter worth about $452,721,000. Finally, Capital International Investors raised its position 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 acquiring an additional 1,734,998 shares during the period. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TMUS has been the subject of several recent analyst reports. Hsbc Global Res lowered T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. HSBC lowered T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 price objective on the stock. in a report on Wednesday, March 5th. Royal Bank Of Canada upped their target price on T-Mobile US from $245.00 to $260.00 and gave the stock a "sector perform" rating in a research note on Friday, March 21st. Tigress Financial boosted their price target on shares of T-Mobile US from $290.00 to $305.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Finally, Scotiabank raised shares of T-Mobile US from a "sector perform" rating to a "sector outperform" rating and increased their price objective for the company from $275.00 to $277.50 in a report on Wednesday, April 30th. Eleven analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $257.68.

T-Mobile US Trading Up 1.3%

Shares of NASDAQ TMUS traded up $3.10 during trading on Thursday, hitting $240.52. 892,449 shares of the company were exchanged, compared to its average volume of 4,082,281. The company has a fifty day moving average price of $238.92 and a 200-day moving average price of $242.92. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.08 and a current ratio of 1.16. The firm has a market capitalization of $273.10 billion, a PE ratio of 23.44, a P/E/G ratio of 1.33 and a beta of 0.62. T-Mobile US, Inc. has a 12-month low of $173.74 and a 12-month high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, beating the consensus estimate of $2.48 by $0.10. The business had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.67 billion. T-Mobile US had a return on equity of 19.09% and a net margin of 14.41%. The company's quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.00 EPS. As a group, equities research analysts expect 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. Shareholders of record on Friday, August 29th will be given 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 yield of 1.46%. T-Mobile US's payout ratio is currently 34.34%.

Insiders Place Their Bets

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the company's stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $237.61, for a total value of $16,594,682.40. Following the transaction, the director directly owned 647,940,204 shares in the company, valued at approximately $153,957,071,872.44. This represents a 0.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 558,720 shares of company stock worth $127,841,422 over the last ninety days. Company 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.