Northern Trust Corp Sells 197,655 Shares of T-Mobile US, Inc. $TMUS

Key Points

• Northern Trust Corp reduced its stake in T-Mobile US, Inc. by 3.7%, selling 197,655 shares, leaving it with approximately 5.1 million shares valued at $1.37 billion.
• Analysts have varied ratings for T-Mobile, with Scotiabank upgrading it to "sector outperform" and raising the price target to $277.50, while another firm downgraded the stock from "buy" to "hold."
• T-Mobile US recently announced a quarterly dividend of $0.88, resulting in an annualized yield of 1.4% and a payout ratio of 33.21% as of the company's latest disclosures.

Northern Trust Corp cut its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 3.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,127,886 shares of the Wireless communications provider's stock after selling 197,655 shares during the period. Northern Trust Corp owned approximately 0.45% of T-Mobile US worth $1,367,658,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in TMUS. Godsey & Gibb Inc. lifted its stake in T-Mobile US by 139.5% in the first 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 period. Stone House Investment Management LLC bought a new stake in shares of T-Mobile US in the 1st quarter valued at about $29,000. TCTC Holdings LLC lifted 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 worth $30,000 after purchasing an additional 77 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 valued at $37,000 after acquiring an additional 110 shares in the last quarter. Finally, City Holding Co. boosted its position in T-Mobile US by 45.3% during the first 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 in the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.

Analyst Ratings Changes

TMUS has been the subject of several analyst reports. Scotiabank raised shares of T-Mobile US from a "sector perform" rating to a "sector outperform" rating and increased their price target for the company from $275.00 to $277.50 in a research report on Wednesday, April 30th. Royal Bank Of Canada increased their target price on shares of T-Mobile US from $265.00 to $270.00 and gave the company a "sector perform" rating in a research report on Friday, July 25th. Wall Street Zen lowered shares of T-Mobile US from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. JPMorgan Chase & Co. increased their price objective on T-Mobile US from $270.00 to $280.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Finally, Morgan Stanley boosted their target price on 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 equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, T-Mobile US has an average rating of "Moderate Buy" and a consensus target price of $256.31.

Insider Buying and Selling

In other 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 sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders sold 1,974,370 shares of company stock valued at $462,526,830. 0.37% of the stock is currently owned by corporate insiders.

T-Mobile US Price Performance

NASDAQ:TMUS opened at $254.63 on Monday. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. T-Mobile US, Inc. has a 52 week low of $192.61 and a 52 week high of $276.49. The stock's 50-day moving average price is $235.58 and its 200-day moving average price is $247.42. The stock has a market capitalization of $286.57 billion, a PE ratio of 24.02, a price-to-earnings-growth ratio of 1.39 and a beta of 0.62.

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 (EPS) for the quarter, beating analysts' consensus estimates of $2.69 by $0.15. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The firm had revenue of $21.13 billion for the quarter, compared to analysts' expectations of $20.99 billion. During the same quarter last year, the company earned $2.49 EPS. The firm's revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, equities analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently disclosed 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. This represents a $3.52 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's dividend payout ratio is currently 33.21%.

About T-Mobile US

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.