LGT Fund Management Co Ltd. Sells 4,498 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Key Points

• LGT Fund Management Co Ltd. reduced its holdings in T-Mobile US by 19.0% during the first quarter, owning 19,235 shares worth approximately $5.13 million after selling 4,498 shares.
• Other institutional investors have significantly increased their stakes in T-Mobile US, with GAMMA Investing LLC growing its stake by 29,289.4% and the Canada Pension Plan Investment Board lifting its holdings by 85.5%.
• T-Mobile US recently reported earnings with an EPS of $2.84, exceeding expectations, and announced a quarterly dividend of $0.88 to be paid on September 11.

LGT Fund Management Co Ltd. lessened its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 19.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,235 shares of the Wireless communications provider's stock after selling 4,498 shares during the period. LGT Fund Management Co Ltd.'s holdings in T-Mobile US were worth $5,130,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Ancora Advisors LLC grew its position in T-Mobile US by 16.6% in the 4th quarter. Ancora Advisors LLC now owns 260 shares of the Wireless communications provider's stock valued at $57,000 after buying an additional 37 shares in the last quarter. Snowden Capital Advisors LLC grew its position in T-Mobile US by 0.6% in the 4th quarter. Snowden Capital Advisors LLC now owns 6,394 shares of the Wireless communications provider's stock valued at $1,411,000 after buying an additional 40 shares in the last quarter. Financial Management Professionals Inc. grew its position in T-Mobile US by 15.6% in the 1st quarter. Financial Management Professionals Inc. now owns 303 shares of the Wireless communications provider's stock valued at $81,000 after buying an additional 41 shares in the last quarter. Hohimer Wealth Management LLC grew its position in T-Mobile US by 2.3% in the 1st quarter. Hohimer Wealth Management LLC now owns 1,800 shares of the Wireless communications provider's stock valued at $480,000 after buying an additional 41 shares in the last quarter. Finally, Journey Strategic Wealth LLC grew its position in T-Mobile US by 4.2% in the 1st quarter. Journey Strategic Wealth LLC now owns 1,022 shares of the Wireless communications provider's stock valued at $273,000 after buying an additional 41 shares in the last quarter. Institutional investors own 42.49% of the company's stock.

Insiders Place Their Bets

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $238.08, for a total transaction of $16,627,507.20. Following the transaction, the director directly owned 647,660,844 shares in the company, valued at approximately $154,195,093,739.52. The trade was a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold 1,904,530 shares of company stock worth $445,006,069 in the last 90 days. Insiders own 0.37% of the company's stock.

Wall Street Analysts Forecast Growth

TMUS has been the topic of a number of research reports. Tigress Financial boosted their price objective on T-Mobile US from $290.00 to $305.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Morgan Stanley boosted their price objective on T-Mobile US from $265.00 to $285.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. KeyCorp restated an "underweight" rating and issued a $200.00 target price on shares of T-Mobile US in a report on Wednesday, July 9th. Rothschild & Co Redburn upgraded T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 target price on the stock in a report on Monday, July 7th. Finally, JPMorgan Chase & Co. lifted their target price on T-Mobile US from $270.00 to $280.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $256.31.

T-Mobile US Trading Down 0.0%

Shares of TMUS stock traded down $0.12 during trading hours on Thursday, reaching $250.72. The company had a trading volume of 322,586 shares, compared to its average volume of 4,325,544. The company has a 50 day moving average of $235.30 and a 200 day moving average of $246.82. 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 firm has a market cap of $282.16 billion, a price-to-earnings ratio of 23.65, a P/E/G ratio of 1.39 and a beta of 0.62. T-Mobile US, Inc. has a 1-year low of $192.61 and a 1-year high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.69 by $0.15. The firm had revenue of $21.13 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the company posted $2.49 earnings per share. On average, equities research analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

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

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.