Knights of Columbus Asset Advisors LLC Sells 18,183 Shares of T-Mobile US, Inc. $TMUS

Key Points

• Knights of Columbus Asset Advisors LLC sold 18,183 shares of T-Mobile US, reducing its holdings by 78.3% to 5,037 shares, valued at approximately $1.2 million as of the latest SEC filing.
• T-Mobile US announced an increase in its quarterly dividend from $0.88 to $1.02 per share, representing a dividend yield of 1.8% and a payout ratio of 33.21%.
• The company reported a 6.9% increase in quarterly revenue year-over-year, totaling $21.13 billion, and earnings per share (EPS) of $2.84, exceeding analyst expectations.

Knights of Columbus Asset Advisors LLC reduced its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 78.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,037 shares of the Wireless communications provider's stock after selling 18,183 shares during the quarter. Knights of Columbus Asset Advisors LLC's holdings in T-Mobile US were worth $1,200,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Activest Wealth Management boosted its stake in shares of T-Mobile US by 9,400.0% during the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider's stock worth $25,000 after acquiring an additional 94 shares during the period. Stone House Investment Management LLC bought a new stake in T-Mobile US in the 1st quarter valued at $29,000. TCTC Holdings LLC boosted its stake in T-Mobile US by 208.1% in the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock valued at $30,000 after purchasing an additional 77 shares during the period. Missouri Trust & Investment Co boosted its stake in T-Mobile US by 807.7% in the 2nd quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider's stock valued at $28,000 after purchasing an additional 105 shares during the period. Finally, City Holding Co. boosted its stake in T-Mobile US by 45.3% in the 1st quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock valued at $37,000 after purchasing an additional 43 shares during the period. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $227.68 on Wednesday. The stock has a market capitalization of $256.24 billion, a PE ratio of 21.48, a P/E/G ratio of 1.44 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. The business has a fifty day moving average price of $244.07 and a two-hundred day moving average price of $243.57. 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 announced its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.69 by $0.15. The firm had revenue of $21.13 billion during the quarter, compared to analysts' expectations of $20.99 billion. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The company's quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.49 EPS. As a group, equities analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The firm also recently disclosed 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 is Wednesday, November 26th. This represents a $4.08 annualized dividend and a dividend yield of 1.8%. This is an increase from T-Mobile US's previous quarterly dividend of $0.88. T-Mobile US's dividend payout ratio is currently 33.21%.

Insider Buying and Selling at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 64,426 shares of the company's stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $230.41, for a total transaction of $14,844,394.66. Following the completion of the sale, the director directly owned 628,297,455 shares in the company, valued at $144,766,016,606.55. This represents a 0.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders sold 2,509,379 shares of company stock worth $605,554,413. 0.37% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently issued reports on TMUS. The Goldman Sachs Group began coverage on T-Mobile US in a research note on Tuesday, September 2nd. They issued a "buy" rating and a $286.00 price target for the company. Moffett Nathanson boosted their price target on T-Mobile US from $210.00 to $230.00 and gave the company a "neutral" rating in a research note on Thursday, October 2nd. Weiss Ratings restated a "buy (b)" rating on shares of T-Mobile US in a research note on Saturday, September 27th. Arete Research upgraded T-Mobile US to a "strong-buy" rating in a research note on Tuesday, July 8th. Finally, BNP Paribas Exane boosted their price target on T-Mobile US from $290.00 to $305.00 and gave the company an "outperform" rating in a research note on Monday. Three analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $264.29.

About T-Mobile US

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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