Navellier & Associates Inc. Sells 8,092 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Key Points

• Navellier & Associates Inc. reduced its stake in T-Mobile US by 29.7%, selling 8,092 shares during the first quarter, bringing its total ownership to 19,182 shares valued at approximately $4.76 million.
• Several institutional investors have increased their holdings in T-Mobile US, including Canada Pension Plan Investment Board, which raised its stake by 85.5%.
• T-Mobile US reported a quarterly earnings per share (EPS) of $2.84, exceeding analyst estimates, and revealed a 6.9% increase in revenue compared to the previous year, totaling $21.13 billion.

Navellier & Associates Inc. lessened its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 29.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,182 shares of the Wireless communications provider's stock after selling 8,092 shares during the quarter. Navellier & Associates Inc.'s holdings in T-Mobile US were worth $4,763,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of TMUS. Geode Capital Management LLC raised its position in T-Mobile US by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 11,857,917 shares of the Wireless communications provider's stock valued at $2,610,542,000 after purchasing an additional 90,755 shares during the last quarter. Invesco Ltd. raised its position in T-Mobile US by 4.6% in 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 purchasing an additional 384,956 shares during the last quarter. Norges Bank purchased a new stake in T-Mobile US in the 4th quarter valued at $1,802,393,000. Capital International Investors raised its position in T-Mobile US by 36.2% in 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 purchasing an additional 1,734,998 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its position in T-Mobile US by 85.5% in 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 purchasing an additional 2,777,657 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the firm's stock in a transaction on 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 completion of the sale, the director owned 647,660,844 shares of the company's stock, valued at $154,195,093,739.52. This trade represents a 0.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold 1,326,510 shares of company stock valued at $305,246,018 over the last three months. 0.37% of the stock is currently owned by company insiders.

T-Mobile US Price Performance

NASDAQ TMUS traded down $3.95 on Friday, hitting $243.55. 5,204,895 shares of the company were exchanged, compared to its average volume of 4,120,475. The firm has a 50 day moving average of $235.19 and a two-hundred day moving average of $244.45. The company has a market cap of $274.10 billion, a P/E ratio of 22.98, a P/E/G ratio of 1.37 and a beta of 0.62. The company has a current ratio of 1.21, a quick ratio of 1.08 and a debt-to-equity ratio of 1.33. T-Mobile US, Inc. has a 1-year low of $173.74 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 (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 business had revenue of $21.13 billion during the quarter, compared to analysts' expectations of $20.99 billion. During the same period in the prior year, the business earned $2.49 EPS. T-Mobile US's revenue for the quarter was up 6.9% compared to the same quarter last year. On average, equities analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The company 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 $0.88 dividend. The ex-dividend date is Friday, August 29th. This represents a $3.52 annualized dividend and a dividend yield of 1.45%. T-Mobile US's dividend payout ratio is presently 33.21%.

Analyst Ratings Changes

Several analysts recently commented on the stock. Morgan Stanley upped their price target on shares of T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a research report on Thursday. Scotiabank upgraded shares of T-Mobile US from a "sector perform" rating to a "sector outperform" rating and upped their price target for the company from $275.00 to $277.50 in a research report on Wednesday, April 30th. JPMorgan Chase & Co. upped their price target on shares of T-Mobile US from $270.00 to $280.00 and gave the company an "overweight" rating in a research report on Thursday. Benchmark reiterated a "buy" rating and issued a $275.00 price target on shares of T-Mobile US in a research report on Thursday, March 27th. Finally, Rothschild & Co Redburn upgraded shares of 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. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price 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.