Procyon Advisors LLC Decreases Stake in T-Mobile US, Inc. $TMUS

Key Points

• Procyon Advisors LLC has significantly reduced its stake in T-Mobile US, Inc. by 90.1%, now holding only 1,821 shares valued at approximately $434,000.
• T-Mobile US recently announced an increase in its quarterly dividend from $0.88 to $1.02 per share, representing a 1.7% yield.
• Despite recent insider selling, T-Mobile US's stock remains under positive analyst scrutiny, with a current consensus rating of "Moderate Buy" and a price target of $258.02.

Procyon Advisors LLC lowered its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 90.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,821 shares of the Wireless communications provider's stock after selling 16,521 shares during the quarter. Procyon Advisors LLC's holdings in T-Mobile US were worth $434,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Activest Wealth Management boosted its position in shares of 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 worth $25,000 after purchasing an additional 94 shares in the last quarter. Godsey & Gibb Inc. boosted its holdings in T-Mobile US by 139.5% in the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock worth $27,000 after acquiring an additional 60 shares in the last quarter. Stone House Investment Management LLC acquired a new stake in T-Mobile US in the first quarter valued at approximately $29,000. TCTC Holdings LLC increased its holdings in shares of T-Mobile US by 208.1% during the first 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 in the last quarter. Finally, City Holding Co. increased its holdings in shares of T-Mobile US by 45.3% during the first 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 in the last quarter. 42.49% of the stock is owned by institutional investors.

Insider Buying and Selling at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the firm's stock in a transaction that occurred on 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 owned 647,660,844 shares in the company, valued at $154,195,093,739.52. This trade represents a 0.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last ninety days, insiders have sold 2,606,300 shares of company stock worth $627,710,011. 0.37% of the stock is owned by corporate insiders.

T-Mobile US Stock Performance

Shares of TMUS traded down $0.62 on Monday, reaching $237.55. 4,684,330 shares of the company's stock traded hands, compared to its average volume of 3,938,651. The stock's 50 day simple moving average is $244.07 and its two-hundred day simple moving average is $245.35. The stock has a market cap of $267.35 billion, a PE ratio of 22.41, a PEG ratio of 1.31 and a beta of 0.61. T-Mobile US, Inc. has a 52-week low of $198.69 and a 52-week 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 announced its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $21.13 billion during the quarter, compared to the consensus estimate of $20.99 billion. During the same quarter in the prior year, the company earned $2.49 EPS. The business's revenue for the quarter was up 6.9% on a year-over-year basis. On average, analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be paid a $1.02 dividend. The ex-dividend date is Wednesday, November 26th. This is a positive change from T-Mobile US's previous quarterly dividend of $0.88. This represents a $4.08 dividend on an annualized basis and a yield of 1.7%. T-Mobile US's dividend payout ratio is presently 33.21%.

Analyst Ratings Changes

Several research analysts have weighed in on TMUS shares. KeyCorp restated an "underweight" rating and set a $200.00 price objective on shares of T-Mobile US in a report on Wednesday, July 9th. Bank of America started coverage on shares of T-Mobile US in a report on Monday, July 7th. They issued a "neutral" rating and a $255.00 target price on the stock. Redburn Atlantic raised shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price target on the stock in a research report on Monday, July 7th. The Goldman Sachs Group initiated coverage on T-Mobile US in a report on Tuesday, September 2nd. They set a "buy" rating and a $286.00 price objective for the company. Finally, 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. Three equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target 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.