MetLife Investment Management LLC Trims Holdings in T-Mobile US, Inc. $TMUS

Key Points

• MetLife Investment Management LLC reduced its holdings in T-Mobile US by 3.5%, now owning 124,399 shares worth approximately $33.18 million after selling 4,456 shares in Q1.
• T-Mobile US reported $2.84 EPS, surpassing estimates, with a revenue of $21.13 billion for the quarter, indicating a 6.9% year-over-year increase.
• The company announced a quarterly dividend of $0.88 per share, payable on September 11th, reflecting a 1.4% yield with a payout ratio of 33.21%.

MetLife Investment Management LLC cut its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 3.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 124,399 shares of the Wireless communications provider's stock after selling 4,456 shares during the quarter. MetLife Investment Management LLC's holdings in T-Mobile US were worth $33,178,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Wellington Management Group LLP grew its position in shares of T-Mobile US by 1.7% in the 1st quarter. Wellington Management Group LLP now owns 12,846,939 shares of the Wireless communications provider's stock worth $3,426,407,000 after buying an additional 214,224 shares during the period. Northern Trust Corp boosted its stake in T-Mobile US by 13.8% in the 4th 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 in the last quarter. Goldman Sachs Group Inc. boosted its stake in T-Mobile US by 25.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,172,644 shares of the Wireless communications provider's stock worth $1,112,886,000 after purchasing an additional 844,932 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in T-Mobile US by 12.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,881,235 shares of the Wireless communications provider's stock worth $856,705,000 after purchasing an additional 423,993 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in T-Mobile US by 38.8% in the 4th 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 in the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction that occurred on Monday, July 7th. The shares were 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 in the company, valued at $154,195,093,739.52. This represents a 0.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders have sold 2,139,050 shares of company stock valued at $504,895,827. 0.37% of the stock is owned by corporate insiders.

T-Mobile US Price Performance

TMUS opened at $251.95 on Friday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. The stock has a market capitalization of $283.55 billion, a P/E ratio of 23.77, a P/E/G ratio of 1.38 and a beta of 0.62. The company's 50-day simple moving average is $237.98 and its two-hundred day simple moving average is $248.01. T-Mobile US, Inc. has a 52-week low of $192.61 and a 52-week 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 (EPS) 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 business's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.49 EPS. As a group, analysts predict that T-Mobile US, Inc. will post 10.37 EPS 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. Stockholders of record on Friday, August 29th will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, August 29th. T-Mobile US's dividend payout ratio is 33.21%.

Analyst Ratings Changes

A number of brokerages recently issued reports on TMUS. KeyCorp reiterated an "underweight" rating and issued a $200.00 price target on shares of T-Mobile US in a research note on Wednesday, July 9th. Tigress Financial upped their price target on shares of T-Mobile US from $290.00 to $305.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Wall Street Zen cut shares of T-Mobile US from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Morgan Stanley upped their price target 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. Finally, Bank of America began coverage on shares of T-Mobile US in a research note on Monday, July 7th. They issued a "neutral" rating and a $255.00 price target on the stock. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, T-Mobile US presently has a consensus rating of "Moderate Buy" and a consensus 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.

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