Perbak Capital Partners LLP Sells 6,735 Shares of T-Mobile US, Inc. $TMUS

Key Points

• Perbak Capital Partners LLP has significantly reduced its holdings in T-Mobile US, cutting its shares by 68.4% to a total of just 3,115 shares, representing only 0.6% of its portfolio.
• T-Mobile US reported $2.84 earnings per share for the latest quarter, exceeding analyst expectations and marking a 6.9% year-over-year revenue increase to $21.13 billion.
• The company also announced a quarterly dividend of $0.88, with a payout ratio of 33.21%, indicating ongoing shareholder returns amid market fluctuations.

Perbak Capital Partners LLP decreased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 68.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,115 shares of the Wireless communications provider's stock after selling 6,735 shares during the quarter. T-Mobile US comprises approximately 0.6% of Perbak Capital Partners LLP's portfolio, making the stock its 20th biggest holding. Perbak Capital Partners LLP's holdings in T-Mobile US were worth $831,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Activest Wealth Management raised its holdings in T-Mobile US by 9,400.0% during the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider's stock valued at $25,000 after acquiring an additional 94 shares during the period. Godsey & Gibb Inc. raised its holdings in T-Mobile US by 139.5% during the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock valued at $27,000 after acquiring an additional 60 shares during the period. Stone House Investment Management LLC bought a new stake in T-Mobile US during the 1st quarter valued at $29,000. TCTC Holdings LLC raised its holdings in T-Mobile US by 208.1% during the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock valued at $30,000 after acquiring an additional 77 shares during the period. Finally, City Holding Co. raised its holdings in T-Mobile US by 45.3% during the 1st quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock valued at $37,000 after acquiring an additional 43 shares during the period. Institutional investors own 42.49% of the company's stock.

T-Mobile US Price Performance

NASDAQ:TMUS traded up $0.64 during midday trading on Friday, hitting $252.76. The company had a trading volume of 3,294,176 shares, compared to its average volume of 4,298,151. T-Mobile US, Inc. has a 52-week low of $192.61 and a 52-week high of $276.49. The stock's fifty day moving average price is $242.67 and its 200-day moving average price is $247.68. The company has a market capitalization of $284.46 billion, a PE ratio of 23.85, a P/E/G ratio of 1.38 and a beta of 0.61. 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 (NASDAQ:TMUS - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate 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 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 business earned $2.49 earnings per share. The firm's quarterly revenue was up 6.9% compared to the same quarter last year. As a group, research analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

Insider Transactions at T-Mobile US

In other T-Mobile US 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 sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have sold 2,488,250 shares of company stock valued at $593,252,506 in the last ninety days. 0.37% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on TMUS shares. KeyCorp reissued an "underweight" rating and set a $200.00 target price on shares of T-Mobile US in a report on Wednesday, July 9th. Rothschild & Co Redburn raised shares of T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price target on the stock in a report on Monday, July 7th. JPMorgan Chase & Co. upped their price target on shares of T-Mobile US from $270.00 to $280.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Royal Bank Of Canada upped their price target on shares of T-Mobile US from $265.00 to $270.00 and gave the stock a "sector perform" rating in a report on Friday, July 25th. Finally, The Goldman Sachs Group began coverage on shares of T-Mobile US in a report on Tuesday. They issued a "buy" rating and a $286.00 price target on the stock. Three research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, T-Mobile US presently has a consensus rating of "Moderate Buy" and a consensus target price of $258.02.

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.