Pacer Advisors Inc. Decreases Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Key Points

• Pacer Advisors Inc. has reduced its stake in T-Mobile US by 14.2%, selling 14,997 shares and retaining a total of 90,249 shares valued at approximately $24.07 million.
• Analysts have mixed opinions on T-Mobile US, with Morgan Stanley raising their price target to $285 and others like KeyCorp maintaining an underweight rating at $200.
• T-Mobile US recently declared a quarterly dividend of $0.88, signaling a yield of 1.45%, with the ex-dividend date set for August 29th.

Pacer Advisors Inc. cut its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 14.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 90,249 shares of the Wireless communications provider's stock after selling 14,997 shares during the period. Pacer Advisors Inc.'s holdings in T-Mobile US were worth $24,070,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Godsey & Gibb Inc. grew its position in shares of T-Mobile US by 139.5% during 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 last quarter. City Holding Co. grew its position in 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 buying an additional 43 shares during the last quarter. Adirondack Trust Co. grew its position in T-Mobile US by 366.7% in the 1st quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock valued at $37,000 after buying an additional 110 shares during the last quarter. Pinney & Scofield Inc. purchased a new position in T-Mobile US in the 4th quarter valued at $39,000. Finally, Tsfg LLC purchased a new position in T-Mobile US in the 1st quarter valued at $47,000. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

T-Mobile US Price Performance

T-Mobile US stock traded down $3.95 during midday trading on Friday, reaching $243.55. 5,204,895 shares of the company were exchanged, compared to its average volume of 4,055,931. The company has a market capitalization of $274.10 billion, a price-to-earnings ratio of 22.98, a P/E/G ratio of 1.33 and a beta of 0.62. The firm's 50-day simple moving average is $235.19 and its 200-day simple moving average is $244.86. T-Mobile US, Inc. has a 1 year low of $173.74 and a 1 year high of $276.49. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted 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 firm had revenue of $21.13 billion during the quarter, compared to analysts' expectations of $20.99 billion. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%. The firm's quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the business posted $2.49 EPS. On average, analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The business 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 dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's dividend payout ratio is currently 33.21%.

Insider Activity at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the company's stock in a transaction dated 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 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders have sold 1,326,510 shares of company stock worth $305,246,018. Corporate insiders own 0.37% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on TMUS shares. Wall Street Zen lowered shares of T-Mobile US from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Arete Research upgraded shares of T-Mobile US to a "strong-buy" rating in a research report on Tuesday, July 8th. Scotiabank upgraded shares of T-Mobile US from a "sector perform" rating to a "sector outperform" rating and lifted their price objective for the company from $275.00 to $277.50 in a research report on Wednesday, April 30th. Royal Bank Of Canada lifted their price objective 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. Finally, JPMorgan Chase & Co. lifted their price objective 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. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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.