Motley Fool Asset Management LLC Sells 1,645 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Key Points

• Motley Fool Asset Management LLC reduced its stake in T-Mobile US by 3.0%, selling 1,645 shares in the first quarter, bringing its total ownership to 53,109 shares, valued at approximately $14.17 million.
• T-Mobile US reported earnings per share of $2.84 for the last quarter, exceeding estimates by $0.15, and their revenue was up 6.9% year-over-year at $21.13 billion.
• The company announced a quarterly dividend of $0.88, yielding 1.4% annually, with payment scheduled for September 11th and an ex-dividend date of August 29th.

Motley Fool Asset Management LLC decreased its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 3.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 53,109 shares of the Wireless communications provider's stock after selling 1,645 shares during the quarter. T-Mobile US accounts for about 0.8% of Motley Fool Asset Management LLC's investment portfolio, making the stock its 28th largest holding. Motley Fool Asset Management LLC's holdings in T-Mobile US were worth $14,165,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Godsey & Gibb Inc. boosted its position in shares of T-Mobile US by 139.5% in the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock valued at $27,000 after purchasing an additional 60 shares during the period. TCTC Holdings LLC boosted its position in shares of T-Mobile US by 208.1% in the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock valued at $30,000 after purchasing an additional 77 shares during the period. City Holding Co. boosted its position in shares of T-Mobile US by 45.3% in the 1st quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock valued at $37,000 after purchasing an additional 43 shares during the period. Adirondack Trust Co. boosted its position in T-Mobile US by 366.7% during the 1st quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock worth $37,000 after acquiring an additional 110 shares during the period. Finally, Pinney & Scofield Inc. acquired a new stake in T-Mobile US during the 4th quarter worth about $39,000. Institutional investors and hedge funds own 42.49% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on TMUS shares. Arete Research upgraded T-Mobile US to a "strong-buy" rating in a research report on Tuesday, July 8th. Royal Bank Of Canada raised their price objective on T-Mobile US from $265.00 to $270.00 and gave the stock a "sector perform" rating in a research report on Friday, July 25th. Wall Street Zen lowered T-Mobile US from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. 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 research report on Monday, July 7th. Finally, JPMorgan Chase & Co. raised their price objective on T-Mobile US from $270.00 to $280.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. One 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 given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $256.31.

Insider Buying and Selling

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the company's 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 transaction, the director directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders have sold 1,904,530 shares of company stock worth $445,006,069. 0.37% of the stock is owned by corporate insiders.

T-Mobile US Stock Performance

TMUS traded up $3.41 on Tuesday, hitting $252.28. The company had a trading volume of 4,620,336 shares, compared to its average volume of 4,421,133. The company's fifty day moving average price is $235.12 and its 200 day moving average price is $246.79. T-Mobile US, Inc. has a 1-year low of $192.61 and a 1-year high of $276.49. 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 stock has a market cap of $283.92 billion, a price-to-earnings ratio of 23.80, a price-to-earnings-growth ratio of 1.37 and a beta of 0.62.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings results 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. 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 during the quarter, compared to analyst estimates of $20.99 billion. During the same period in the previous year, the company earned $2.49 earnings per share. The company's quarterly revenue was up 6.9% compared to the same quarter last year. Equities analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

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

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.