Price T Rowe Associates Inc. MD Sells 2,509,563 Shares of T-Mobile US, Inc. $TMUS

Key Points

• Price T Rowe Associates Inc. reduced its stake in T-Mobile US, Inc. by 13.3%, selling over 2.5 million shares during the first quarter, leaving them with approximately 16.3 million shares valued at $4.35 billion.
• In contrast, large investors such as GAMMA Investing LLC and Deutsche Bank AG increased their positions significantly in T-Mobile US, indicating diverse investor sentiment around the stock.
• T-Mobile US announced a quarterly dividend of $0.88 per share, representing an annualized payout of $3.52 and a dividend yield of 1.4%, with the ex-dividend date set for August 29th.

Price T Rowe Associates Inc. MD decreased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 13.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 16,302,609 shares of the Wireless communications provider's stock after selling 2,509,563 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 1.44% of T-Mobile US worth $4,348,070,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Godsey & Gibb Inc. grew its stake in shares of T-Mobile US by 139.5% during the 1st 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 period. Stone House Investment Management LLC bought a new position in shares of T-Mobile US during the 1st quarter worth $29,000. TCTC Holdings LLC grew its stake in shares of T-Mobile US by 208.1% during the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock worth $30,000 after acquiring an additional 77 shares during the period. City Holding Co. grew its stake in shares of T-Mobile US by 45.3% during the 1st quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock worth $37,000 after acquiring an additional 43 shares during the period. Finally, Adirondack Trust Co. lifted its holdings in T-Mobile US by 366.7% during 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 in the last quarter. Institutional investors own 42.49% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Arete Research raised T-Mobile US to a "strong-buy" rating in a report on Tuesday, July 8th. KeyCorp reissued an "underweight" rating and set a $200.00 price objective on shares of T-Mobile US in a report on Wednesday, July 9th. Redburn Atlantic raised T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price objective on the stock in a report on Monday, July 7th. Bank of America assumed coverage on T-Mobile US in a report on Monday, July 7th. They set a "neutral" rating and a $255.00 price objective on the stock. Finally, JPMorgan Chase & Co. increased their price objective on T-Mobile US from $270.00 to $280.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, T-Mobile US presently has a consensus rating of "Moderate Buy" and an average price target of $256.31.

T-Mobile US Price Performance

Shares of NASDAQ TMUS traded down $6.21 during trading hours on Friday, reaching $251.95. 3,984,708 shares of the stock traded hands, compared to its average volume of 3,902,959. The company has a market capitalization of $283.55 billion, a P/E ratio of 23.77, a price-to-earnings-growth ratio of 1.38 and a beta of 0.62. 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 52-week low of $192.61 and a 52-week high of $276.49. The company's 50-day simple moving average is $237.98 and its two-hundred day simple moving average is $248.01.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, beating analysts' consensus estimates of $2.69 by $0.15. The company had revenue of $21.13 billion for 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%.T-Mobile US's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period last year, the firm posted $2.49 EPS. Equities research analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's dividend payout ratio (DPR) is currently 33.21%.

Insider Buying and Selling at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the firm's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $238.08, for a total transaction of $16,627,507.20. Following the transaction, the director directly owned 647,660,844 shares of the company's stock, valued at approximately $154,195,093,739.52. This trade represents a 0.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Over the last 90 days, insiders sold 2,139,050 shares of company stock worth $504,895,827. Company insiders own 0.37% of the company's stock.

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.