LGT Capital Partners LTD. Sells 4,295 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Key Points

• LGT Capital Partners LTD. reduced its stake in T-Mobile US by 16.4%, now holding 21,960 shares worth approximately $5.86 million.
• Insider sales included Director Telekom Ag Deutsche selling 69,840 shares for over $16.6 million, while insiders sold a total of 1,555,330 shares valued at $360.5 million in the last ninety days.
• Analysts' ratings vary, with some firms setting a "neutral" rating and target prices ranging from $255.00 to $277.50, leading to an overall average rating of "Moderate Buy."

LGT Capital Partners LTD. lowered its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 16.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 21,960 shares of the Wireless communications provider's stock after selling 4,295 shares during the quarter. LGT Capital Partners LTD.'s holdings in T-Mobile US were worth $5,857,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of TMUS. GAMMA Investing LLC grew 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 worth $814,416,000 after purchasing an additional 3,043,173 shares during the period. Canada Pension Plan Investment Board grew its holdings in T-Mobile US by 85.5% during 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 purchasing an additional 2,777,657 shares during the period. Capital International Investors grew its holdings in T-Mobile US by 36.2% during 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 purchasing an additional 1,734,998 shares during the period. Deutsche Bank AG grew its holdings 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 purchasing an additional 968,444 shares during the period. Finally, Northern Trust Corp grew its holdings in T-Mobile US by 13.8% during the fourth quarter. Northern Trust Corp now owns 5,325,541 shares of the Wireless communications provider's stock worth $1,175,507,000 after purchasing an additional 645,892 shares during the period. Institutional investors and hedge funds own 42.49% of the company's stock.

Insiders Place Their Bets

In other news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction on Monday, July 7th. The shares were sold at an average price of $238.08, for a total transaction of $16,627,507.20. Following the completion of the sale, the director directly owned 647,660,844 shares of the company's stock, valued at approximately $154,195,093,739.52. The trade was a 0.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last ninety days, insiders have sold 1,555,330 shares of company stock valued at $360,568,811. 0.37% of the stock is currently owned by insiders.

T-Mobile US Trading Down 1.2%

TMUS traded down $2.88 during trading on Tuesday, reaching $238.13. 692,016 shares of the stock traded hands, compared to its average volume of 4,336,743. The stock has a market capitalization of $267.99 billion, a PE ratio of 22.59, a P/E/G ratio of 1.30 and a beta of 0.62. The stock's 50-day moving average is $234.85 and its 200 day moving average is $245.89. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. T-Mobile US, Inc. has a 12 month low of $186.52 and a 12 month high of $276.49.

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 for the quarter, beating the consensus estimate of $2.69 by $0.15. The business had revenue of $21.13 billion for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter last year, the firm earned $2.49 EPS. Equities analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Announces Dividend

The firm also recently disclosed 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. This represents a $3.52 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Friday, August 29th. T-Mobile US's payout ratio is currently 33.21%.

Wall Street Analyst Weigh In

TMUS has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their price target on T-Mobile US from $270.00 to $280.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Bank of America started coverage on T-Mobile US in a report on Monday, July 7th. They set a "neutral" rating and a $255.00 price target for the company. Rothschild & Co Redburn upgraded T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price objective for the company in a report on Monday, July 7th. Arete Research upgraded T-Mobile US to a "strong-buy" rating in a report on Tuesday, July 8th. Finally, Royal Bank Of Canada boosted their price objective on T-Mobile US from $265.00 to $270.00 and gave the stock a "sector perform" rating in a report on Friday, July 25th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock 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.