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. lessened its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 4.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 157,642 shares of the Wireless communications provider's stock after selling 7,222 shares during the quarter. PNC Financial Services Group Inc.'s holdings in T-Mobile US were worth $42,045,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Invesco Ltd. boosted its position in shares of T-Mobile US by 4.6% in the fourth quarter. Invesco Ltd. now owns 8,809,417 shares of the Wireless communications provider's stock worth $1,944,503,000 after buying an additional 384,956 shares during the period. Capital International Investors raised its stake in shares of T-Mobile US by 36.2% during the fourth quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider's stock valued at $1,440,424,000 after purchasing an additional 1,734,998 shares during the period. Canada Pension Plan Investment Board lifted its holdings in T-Mobile US by 85.5% in the 4th quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider's stock worth $1,329,919,000 after buying an additional 2,777,657 shares in the last quarter. Northern Trust Corp boosted its position in T-Mobile US by 13.8% in the 4th quarter. Northern Trust Corp now owns 5,325,541 shares of the Wireless communications provider's stock valued at $1,175,507,000 after buying an additional 645,892 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of T-Mobile US by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,084,830 shares of the Wireless communications provider's stock valued at $901,643,000 after acquiring an additional 25,667 shares in the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling 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, August 4th. The stock was sold at an average price of $239.24, for a total transaction of $16,708,521.60. Following the completion of the sale, the director owned 646,264,044 shares in the company, valued at approximately $154,612,209,886.56. This represents a 0.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jon Freier sold 7,000 shares of the company's stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $250.00, for a total transaction of $1,750,000.00. Following the sale, the insider owned 199,643 shares of the company's stock, valued at $49,910,750. This trade represents a 3.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,695,010 shares of company stock valued at $393,849,666 in the last quarter. Company insiders own 0.37% of the company's stock.

T-Mobile US Price Performance

TMUS stock traded up $3.83 during trading hours on Thursday, hitting $243.05. 2,612,713 shares of the stock traded hands, compared to its average volume of 4,351,129. The stock has a 50-day simple moving average of $234.72 and a 200 day simple moving average of $245.80. The company has a market cap of $273.53 billion, a P/E ratio of 22.93, a P/E/G ratio of 1.31 and a beta of 0.62. T-Mobile US, Inc. has a one year low of $190.00 and a one year high of $276.49. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its earnings results 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 business had revenue of $21.13 billion for the quarter, compared to the consensus estimate of $20.99 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The business's revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.49 EPS. Equities analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.88 per share. The ex-dividend date of this dividend 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 dividend payout ratio (DPR) is 33.21%.

Analysts Set New Price Targets

Several research firms recently commented on TMUS. Rothschild & Co Redburn upgraded T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price target on the stock in a research note on Monday, July 7th. Scotiabank raised shares of T-Mobile US from a "sector perform" rating to a "sector outperform" rating and raised their price target for the stock from $275.00 to $277.50 in a research report on Wednesday, April 30th. Wall Street Zen cut shares of T-Mobile US from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Morgan Stanley raised their price objective on shares of T-Mobile US from $265.00 to $285.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Finally, Redburn Atlantic raised T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price objective for the company in a report on Monday, July 7th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, T-Mobile US presently has a consensus rating of "Moderate Buy" and a consensus price target 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.