LSV Asset Management Sells 9,920 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

LSV Asset Management cut its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 12.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 70,250 shares of the Wireless communications provider's stock after selling 9,920 shares during the quarter. LSV Asset Management's holdings in T-Mobile US were worth $18,736,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Invesco Ltd. grew its stake in shares of T-Mobile US by 4.6% during the 4th quarter. Invesco Ltd. now owns 8,809,417 shares of the Wireless communications provider's stock valued at $1,944,503,000 after acquiring an additional 384,956 shares during the period. Capital International Investors grew its stake in shares of 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 during the period. Canada Pension Plan Investment Board grew its stake in shares of T-Mobile US by 85.5% during 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 acquiring an additional 2,777,657 shares during the period. Northern Trust Corp grew its stake in shares of T-Mobile US by 13.8% during the 4th quarter. Northern Trust Corp now owns 5,325,541 shares of the Wireless communications provider's stock valued at $1,175,507,000 after acquiring an additional 645,892 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of T-Mobile US by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,084,830 shares of the Wireless communications provider's stock valued at $901,643,000 after acquiring an additional 25,667 shares during the period. 42.49% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on TMUS. Tigress Financial boosted their price objective on T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. Bank of America initiated coverage on T-Mobile US in a report on Monday, July 7th. They issued a "neutral" rating and a $255.00 price target on the stock. Scotiabank raised T-Mobile US from a "sector perform" rating to a "sector outperform" rating and boosted their price target for the stock from $275.00 to $277.50 in a report on Wednesday, April 30th. Wall Street Zen cut T-Mobile US from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Finally, JPMorgan Chase & Co. boosted 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. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, T-Mobile US presently has a consensus rating of "Moderate Buy" and an average target price of $256.31.

T-Mobile US Stock Performance

NASDAQ:TMUS opened at $241.01 on Tuesday. The stock's fifty day moving average is $234.85 and its 200 day moving average is $245.89. T-Mobile US, Inc. has a fifty-two week low of $185.39 and a fifty-two week high of $276.49. The firm has a market capitalization of $271.24 billion, a PE ratio of 22.74, a PEG ratio of 1.30 and a beta of 0.62. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released 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. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%. The company had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.99 billion. During the same quarter in the prior year, the firm posted $2.49 EPS. T-Mobile US's quarterly revenue was up 6.9% compared to the same quarter last year. On average, sell-side 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. Shareholders of record on Friday, August 29th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's dividend payout ratio is 33.21%.

Insider Buying and Selling

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the company's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $238.08, for a total value of $16,627,507.20. Following the transaction, the director owned 647,660,844 shares of the company's stock, valued at $154,195,093,739.52. This represents a 0.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders sold 1,555,330 shares of company stock valued at $360,568,811. Corporate 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.

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