PNC Financial Services Group Inc. Sells 7,222 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Key Points

• PNC Financial Services Group Inc. reduced its stake in T-Mobile US by 4.4%, now holding shares valued at $42.05 million.
• T-Mobile US recently announced a quarterly dividend of $0.88, scheduled for payment on September 11th, with a yield of 1.5%.
• The company reported earnings of $2.84 per share for the last quarter, exceeding forecasts and demonstrating a 6.9% increase in year-over-year revenue.

PNC Financial Services Group Inc. decreased its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 4.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 157,642 shares of the Wireless communications provider's stock after selling 7,222 shares during the period. PNC Financial Services Group Inc.'s holdings in T-Mobile US were worth $42,045,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Godsey & Gibb Inc. boosted its position 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 buying an additional 60 shares during the period. 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. lifted its position in shares of T-Mobile US by 366.7% in the 1st quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock worth $37,000 after purchasing an additional 110 shares during the period. City Holding Co. lifted its position in shares of T-Mobile US by 45.3% in the 1st quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock worth $37,000 after purchasing an additional 43 shares during the period. Finally, Pinney & Scofield Inc. purchased a new stake in shares of T-Mobile US in the 4th quarter worth about $39,000. Institutional investors own 42.49% of the company's stock.

Insider Activity at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the business's stock in a transaction 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 transaction, the director owned 647,660,844 shares of the company's stock, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 1,555,330 shares of company stock valued at $360,568,811 over the last quarter. 0.37% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on TMUS shares. Morgan Stanley raised their target price on shares of T-Mobile US from $265.00 to $285.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Scotiabank raised shares of T-Mobile US from a "sector perform" rating to a "sector outperform" rating and lifted their price target for the company from $275.00 to $277.50 in a research report on Wednesday, April 30th. JPMorgan Chase & Co. lifted 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, July 24th. Rothschild & Co Redburn raised shares of T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price target for the company in a research report on Monday, July 7th. Finally, KeyCorp reissued an "underweight" rating and set a $200.00 price target on shares of T-Mobile US in a research report on Wednesday, July 9th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $256.31.

T-Mobile US Price Performance

NASDAQ:TMUS traded up $3.81 during trading hours on Monday, hitting $241.01. 3,754,151 shares of the stock traded hands, compared to its average volume of 4,254,532. 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 1 year low of $185.39 and a 1 year high of $276.49. The company has a market cap of $271.24 billion, a price-to-earnings ratio of 22.74, a price-to-earnings-growth ratio of 1.30 and a beta of 0.62. The stock has a 50 day moving average price of $234.85 and a 200 day moving average price of $245.89.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, beating 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 business had revenue of $21.13 billion for the quarter, compared to the consensus estimate of $20.99 billion. During the same quarter in the previous year, the firm earned $2.49 earnings per share. The company's revenue for the quarter was up 6.9% on a year-over-year basis. Sell-side analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be issued a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's payout ratio is 33.21%.

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.