Mediolanum International Funds Ltd Trims Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Key Points

• Mediolanum International Funds Ltd reduced its T-Mobile US holdings by 35.1%, selling 47,568 shares, leaving it with 88,106 shares valued at approximately $23.34 million.
• Insider transactions have seen directors selling a total of 1,326,510 shares of T-Mobile US stock worth over $305 million in the last three months.
• T-Mobile US recently declared a $0.88 quarterly dividend, representing an annualized yield of 1.45%, with a payout ratio of 33.21%.

Mediolanum International Funds Ltd reduced its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 35.1% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 88,106 shares of the Wireless communications provider's stock after selling 47,568 shares during the quarter. Mediolanum International Funds Ltd's holdings in T-Mobile US were worth $23,342,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Godsey & Gibb Inc. boosted its stake in shares of T-Mobile US by 139.5% during the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock worth $27,000 after acquiring an additional 60 shares during the last quarter. Adirondack Trust Co. lifted its holdings in shares of T-Mobile US by 366.7% in the first quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock worth $37,000 after buying an additional 110 shares in the last quarter. City Holding Co. increased its position in T-Mobile US by 45.3% in the first quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock worth $37,000 after purchasing an additional 43 shares during the last quarter. Pinney & Scofield Inc. bought a new stake in T-Mobile US in the fourth quarter worth $39,000. Finally, 10Elms LLP bought a new stake in T-Mobile US in the fourth quarter worth $42,000. 42.49% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other T-Mobile US news, insider Jon Freier sold 7,000 shares of T-Mobile US stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $250.00, for a total transaction of $1,750,000.00. Following the sale, the insider owned 199,643 shares of the company's stock, valued at $49,910,750. The trade was a 3.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction on Monday, July 28th. The stock was sold at an average price of $238.61, for a total transaction of $16,664,522.40. Following the sale, the director directly owned 646,613,244 shares in the company, valued at approximately $154,288,386,150.84. This trade represents a 0.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,473,190 shares of company stock worth $340,769,943 in the last three months. 0.37% of the stock is owned by corporate insiders.

T-Mobile US Stock Performance

Shares of T-Mobile US stock traded up $1.99 during midday trading on Wednesday, hitting $241.24. The company had a trading volume of 1,305,632 shares, compared to its average volume of 4,354,177. T-Mobile US, Inc. has a 12-month low of $176.89 and a 12-month high of $276.49. The company has a fifty day simple moving average of $235.03 and a 200 day simple moving average of $245.00. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. The stock has a market cap of $271.49 billion, a price-to-earnings ratio of 22.77, a PEG ratio of 1.31 and a beta of 0.62.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, topping analysts' consensus estimates 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 business's revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the company earned $2.49 EPS. As a group, analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

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 is Friday, August 29th. This represents a $3.52 dividend on an annualized basis and a yield of 1.46%. T-Mobile US's dividend payout ratio is currently 33.21%.

Analyst Ratings Changes

TMUS has been the topic of a number of analyst reports. Tigress Financial boosted their price objective on shares of T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. KeyCorp restated an "underweight" rating and issued a $200.00 price target on shares of T-Mobile US in a report on Wednesday, July 9th. Bank of America started coverage on shares of T-Mobile US in a report on Monday, July 7th. They issued a "neutral" rating and a $255.00 price target on the stock. Redburn Atlantic upgraded shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price target on the stock in a report on Monday, July 7th. Finally, Morgan Stanley upped their price objective on shares of T-Mobile US from $265.00 to $285.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. One investment 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 company's stock. Based on data from MarketBeat.com, T-Mobile US currently has a consensus rating of "Moderate Buy" and an average price target of $256.31.

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.