Public Sector Pension Investment Board Sells 261,575 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Key Points

• The Public Sector Pension Investment Board reduced its stake in T-Mobile US by 38.1%, selling 261,575 shares during the first quarter, leaving them with holdings valued at approximately $113.5 million.
• Analysts have expressed mixed views on T-Mobile US; while Scotiabank upgraded it to "sector outperform" with a price target of $277.50, KeyCorp maintained an "underweight" rating with a target of $200.00.
• T-Mobile US declared a quarterly dividend of $0.88, with an annual yield of 1.4%, set to be paid to investors of record on August 29th.

Public Sector Pension Investment Board cut its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 38.1% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 425,593 shares of the Wireless communications provider's stock after selling 261,575 shares during the period. Public Sector Pension Investment Board's holdings in T-Mobile US were worth $113,510,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Godsey & Gibb Inc. increased its holdings in shares of T-Mobile US by 139.5% in 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 last quarter. TCTC Holdings LLC increased its position in T-Mobile US by 208.1% in the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock worth $30,000 after buying an additional 77 shares during the period. Adirondack Trust Co. increased its position in T-Mobile US by 366.7% in the first quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock worth $37,000 after buying an additional 110 shares during the period. 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 purchasing an additional 43 shares during the period. Finally, Pinney & Scofield Inc. acquired a new position in shares of T-Mobile US during the fourth quarter valued at $39,000. 42.49% of the stock is owned by institutional investors and hedge funds.

T-Mobile US Stock Performance

Shares of TMUS traded up $3.41 on Tuesday, reaching $252.28. 4,620,336 shares of the stock traded hands, compared to its average volume of 4,421,133. The firm has a market cap of $283.92 billion, a price-to-earnings ratio of 23.80, a P/E/G ratio of 1.37 and a beta of 0.62. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.13. T-Mobile US, Inc. has a 12 month low of $192.61 and a 12 month high of $276.49. The stock's 50-day moving average price is $235.12 and its 200-day moving average price is $246.79.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released 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. The business 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 quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the business posted $2.49 earnings per share. Equities 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 declared a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, August 29th. T-Mobile US's dividend payout ratio is 33.21%.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, insider Jon Freier sold 7,000 shares of the company's stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $250.00, for a total value of $1,750,000.00. Following the sale, the insider directly owned 199,643 shares in the company, valued at $49,910,750. This represents a 3.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Telekom Ag Deutsche sold 69,840 shares of the company's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $247.58, for a total value of $17,290,987.20. Following the completion of the sale, the director owned 636,481,244 shares in the company, valued at $157,580,026,389.52. This trade represents a 0.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,904,530 shares of company stock worth $445,006,069 over the last three months. Company insiders own 0.37% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on TMUS shares. Arete Research raised T-Mobile US to a "strong-buy" rating in a report on Tuesday, July 8th. Bank of America initiated coverage on T-Mobile US in a research report on Monday, July 7th. They set a "neutral" rating and a $255.00 price objective for the company. Royal Bank Of Canada raised their price objective on T-Mobile US from $265.00 to $270.00 and gave the stock a "sector perform" rating in a research report on Friday, July 25th. Scotiabank upgraded T-Mobile US from a "sector perform" rating to a "sector outperform" rating and raised their price objective for the stock from $275.00 to $277.50 in a research report on Wednesday, April 30th. Finally, Rothschild & Co Redburn upgraded T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price target for the company in a report on Monday, July 7th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, T-Mobile US currently has an average rating of "Moderate Buy" and a consensus price target of $256.31.

About T-Mobile US

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.