Panagora Asset Management Inc. Has $28.75 Million Stock Holdings in T-Mobile US, Inc. $TMUS

Key Points

• Panagora Asset Management Inc. recently decreased its holdings in T-Mobile US, Inc. by 8.4%, now owning 107,804 shares valued at approximately $28.75 million.
• T-Mobile US reported a strong earnings quarter with $2.84 earnings per share, exceeding analysts' expectations by $0.15 and showing a 6.9% increase in revenue year-over-year.
• The company announced a quarterly dividend of $0.88 to be paid to shareholders on September 11th, with a current annualized dividend yield of 1.4%.

Panagora Asset Management Inc. lessened its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 8.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 107,804 shares of the Wireless communications provider's stock after selling 9,834 shares during the period. Panagora Asset Management Inc.'s holdings in T-Mobile US were worth $28,752,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of TMUS. Freestone Grove Partners LP acquired a new stake in T-Mobile US during the fourth quarter valued at $787,000. Alaethes Wealth LLC boosted its position in T-Mobile US by 0.5% during the fourth quarter. Alaethes Wealth LLC now owns 10,604 shares of the Wireless communications provider's stock valued at $2,341,000 after purchasing an additional 51 shares during the last quarter. Aptus Capital Advisors LLC boosted its position in T-Mobile US by 13.0% during the fourth quarter. Aptus Capital Advisors LLC now owns 98,750 shares of the Wireless communications provider's stock valued at $21,797,000 after purchasing an additional 11,353 shares during the last quarter. Ancora Advisors LLC boosted its position in T-Mobile US by 16.6% during the fourth quarter. Ancora Advisors LLC now owns 260 shares of the Wireless communications provider's stock valued at $57,000 after purchasing an additional 37 shares during the last quarter. Finally, BNP Paribas boosted its position in T-Mobile US by 1.9% during the fourth quarter. BNP Paribas now owns 107,500 shares of the Wireless communications provider's stock valued at $24,069,000 after purchasing an additional 2,011 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company's stock.

T-Mobile US Trading Up 0.6%

Shares of NASDAQ:TMUS opened at $251.99 on Friday. The company has a market cap of $283.59 billion, a P/E ratio of 23.77, a P/E/G ratio of 1.38 and a beta of 0.62. The stock's 50-day moving average is $240.80 and its 200-day moving average is $247.97. T-Mobile US, Inc. has a 52-week low of $192.61 and a 52-week 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 released its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share 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 for the quarter, compared to the consensus estimate of $20.99 billion. During the same period last year, the business earned $2.49 earnings per share. The firm's revenue for the quarter was up 6.9% compared to the same quarter last year. Equities research analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share 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. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.4%. T-Mobile US's payout ratio is 33.21%.

Insider Activity

In other news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US 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 completion of the transaction, the director owned 647,660,844 shares in the company, valued at approximately $154,195,093,739.52. The trade was a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 2,418,410 shares of company stock valued at $575,342,737 in the last three months. Insiders own 0.37% of the company's stock.

Analyst Ratings Changes

TMUS has been the subject of a number of research reports. Arete Research raised T-Mobile US to a "strong-buy" rating in a research report on Tuesday, July 8th. JPMorgan Chase & Co. raised their target price on T-Mobile US from $270.00 to $280.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Rothschild & Co Redburn upgraded T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 target price on the stock in a report on Monday, July 7th. Royal Bank Of Canada raised their target price on T-Mobile US from $265.00 to $270.00 and gave the company a "sector perform" rating in a report on Friday, July 25th. Finally, Redburn Atlantic upgraded T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 target price on the stock in a report on Monday, July 7th. Three equities research 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 issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target 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.

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