Rafferty Asset Management LLC Sells 17,931 Shares of T-Mobile US, Inc. $TMUS

Key Points

• Rafferty Asset Management LLC reduced its holdings in T-Mobile US by 17.8%, selling 17,931 shares during the first quarter, leaving it with 82,704 shares valued at approximately $22 million.
• T-Mobile US reported an earnings per share (EPS) of $2.84 for the latest quarter, exceeding analysts' expectations, alongside a year-over-year revenue growth of 6.9% to $21.13 billion.
• The company announced a quarterly dividend of $0.88, which will be paid on September 11th, reflecting a 1.4% dividend yield based on its current stock price.

Rafferty Asset Management LLC reduced its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 17.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 82,704 shares of the Wireless communications provider's stock after selling 17,931 shares during the quarter. Rafferty Asset Management LLC's holdings in T-Mobile US were worth $22,058,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. FORA Capital LLC bought a new position in shares of T-Mobile US in the first quarter valued at about $4,897,000. Caisse DE Depot ET Placement DU Quebec grew its stake in T-Mobile US by 34.6% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 41,829 shares of the Wireless communications provider's stock valued at $11,156,000 after buying an additional 10,747 shares during the last quarter. Bank of Hawaii acquired a new position in T-Mobile US in the 1st quarter valued at about $234,000. Apexium Financial LP bought a new position in T-Mobile US in the 1st quarter valued at about $202,000. Finally, ICONIQ Capital LLC bought a new stake in shares of T-Mobile US during the first quarter worth approximately $215,000. Institutional investors and hedge funds own 42.49% of the company's stock.

T-Mobile US Price Performance

Shares of TMUS stock opened at $251.20 on Wednesday. The business has a fifty day simple moving average of $238.99 and a 200 day simple moving average of $248.08. The company has a market cap of $282.71 billion, a P/E ratio of 23.70, a P/E/G 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 twelve month low of $192.61 and a twelve month high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, topping the consensus estimate of $2.69 by $0.15. The firm had revenue of $21.13 billion during the quarter, compared to the consensus estimate of $20.99 billion. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The business's quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.49 earnings per share. On average, 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 disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $3.52 annualized dividend and a yield of 1.4%. T-Mobile US's dividend payout ratio is presently 33.21%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on TMUS shares. Tigress Financial boosted their price target on T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. Bank of America started coverage on shares of T-Mobile US in a research report on Monday, July 7th. They issued a "neutral" rating and a $255.00 target price for the company. KeyCorp reaffirmed an "underweight" rating and set a $200.00 price target on shares of T-Mobile US in a research report on Wednesday, July 9th. Arete Research raised shares of T-Mobile US to a "strong-buy" rating in a report on Tuesday, July 8th. Finally, Wall Street Zen downgraded T-Mobile US from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Three research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $256.31.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the business's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $251.32, for a total transaction of $17,552,188.80. Following the sale, the director owned 635,782,844 shares of the company's stock, valued at approximately $159,784,944,354.08. The trade was a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO G Michael Sievert sold 22,500 shares of the company's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $255.58, for a total transaction of $5,750,550.00. Following the transaction, the chief executive officer owned 358,722 shares of the company's stock, valued at $91,682,168.76. This trade represents a 5.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,278,730 shares of company stock worth $540,242,549 over the last quarter. Corporate 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.

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