T-Mobile US, Inc. (NASDAQ:TMUS) Position Trimmed by Knights of Columbus Asset Advisors LLC

Key Points

• Knights of Columbus Asset Advisors LLC has reduced its position in T-Mobile US, Inc. by 18.2%, selling 5,161 shares in the 1st quarter, leaving them with 23,220 shares valued at approximately $6.19 million.
• Recent analysts' reports have shown a range of ratings for T-Mobile US, with thirteen hold ratings, nine buy ratings, and an upgrade from Rothschild & Co Redburn to a "neutral" rating with a price target of $228.00.
• T-Mobile US has posted strong quarterly earnings, exceeding analysts' expectations with a reported earnings per share of $2.84 and a revenue of $21.13 billion, marking a year-over-year increase of 6.9%.

Knights of Columbus Asset Advisors LLC lessened its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 18.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,220 shares of the Wireless communications provider's stock after selling 5,161 shares during the quarter. Knights of Columbus Asset Advisors LLC's holdings in T-Mobile US were worth $6,193,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in TMUS. Norges Bank purchased a new position in shares of T-Mobile US in the 4th quarter valued at about $1,802,393,000. GAMMA Investing LLC increased its holdings in shares of 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 purchasing an additional 3,043,173 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of T-Mobile US by 85.5% in the 4th 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 purchasing an additional 2,777,657 shares in the last quarter. Capital International Investors increased its holdings in T-Mobile US by 36.2% during the 4th quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider's stock valued at $1,440,424,000 after acquiring an additional 1,734,998 shares in the last quarter. Finally, Deutsche Bank AG raised its position in T-Mobile US by 38.8% during the fourth quarter. Deutsche Bank AG now owns 3,465,534 shares of the Wireless communications provider's stock worth $764,947,000 after acquiring an additional 968,444 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.

T-Mobile US Stock Down 2.2%

Shares of NASDAQ:TMUS traded down $5.36 during midday trading on Monday, reaching $238.19. The company had a trading volume of 3,700,722 shares, compared to its average volume of 4,382,301. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.13. The stock's fifty day moving average price is $235.19 and its 200-day moving average price is $244.86. The stock has a market capitalization of $268.06 billion, a P/E ratio of 22.47, a PEG ratio of 1.33 and a beta of 0.62. T-Mobile US, Inc. has a one year low of $173.74 and a one year high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.69 by $0.15. The business had revenue of $21.13 billion during 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 business's revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.49 earnings per share. Equities research analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be paid 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 dividend yield of 1.48%. T-Mobile US's dividend payout ratio (DPR) is presently 33.21%.

Insider Activity

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the business's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $232.63, for a total transaction of $16,246,879.20. Following the completion of the sale, the director owned 646,822,764 shares in the company, valued at $150,470,379,589.32. The trade was a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 1,326,510 shares of company stock valued at $305,246,018 in the last three months. 0.37% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Bank of America assumed coverage on shares of T-Mobile US in a research report on Monday, July 7th. They set a "neutral" rating and a $255.00 target price for the company. Arete Research upgraded shares of T-Mobile US to a "strong-buy" rating in a research report on Tuesday, July 8th. Royal Bank Of Canada lifted their price target 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. Redburn Atlantic upgraded shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price target for the company in a report on Monday, July 7th. Finally, Rothschild & Co Redburn upgraded shares of T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price target for the company in a report on Monday, July 7th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $256.31.

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.