Raymond James Financial Inc. Sells 6,441 Shares of T-Mobile US, Inc. $TMUS

Key Points

• Raymond James Financial Inc. reduced its position in T-Mobile US, owning 2,044,576 shares valued at approximately $545.31 million after a 0.3% decrease in the first quarter.
• In the first quarter, GAMMA Investing LLC significantly increased its stake in T-Mobile by 29,289.4%, now owning over 3 million shares worth around $814 million.
• The company recently announced a quarterly dividend of $0.88 per share, representing a 1.4% dividend yield, to be paid on September 11th.

Raymond James Financial Inc. decreased its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 0.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,044,576 shares of the Wireless communications provider's stock after selling 6,441 shares during the quarter. Raymond James Financial Inc. owned about 0.18% of T-Mobile US worth $545,308,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Redmond Asset Management LLC raised its stake in T-Mobile US by 1.5% during the first quarter. Redmond Asset Management LLC now owns 10,888 shares of the Wireless communications provider's stock valued at $2,904,000 after buying an additional 160 shares during the last quarter. American Century Companies Inc. raised its stake in shares of T-Mobile US by 17.2% in the first quarter. American Century Companies Inc. now owns 424,240 shares of the Wireless communications provider's stock worth $113,149,000 after purchasing an additional 62,351 shares during the last quarter. Ethic Inc. raised its stake in shares of T-Mobile US by 2.4% in the first quarter. Ethic Inc. now owns 92,598 shares of the Wireless communications provider's stock worth $24,866,000 after purchasing an additional 2,132 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of T-Mobile US by 63.3% in the first quarter. EverSource Wealth Advisors LLC now owns 2,481 shares of the Wireless communications provider's stock worth $662,000 after purchasing an additional 962 shares during the last quarter. Finally, Brandywine Global Investment Management LLC raised its stake in shares of T-Mobile US by 19.2% in the first quarter. Brandywine Global Investment Management LLC now owns 442,887 shares of the Wireless communications provider's stock worth $118,122,000 after purchasing an additional 71,198 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.

Analyst Ratings Changes

TMUS has been the subject of several recent analyst reports. JPMorgan Chase & Co. boosted their price target on T-Mobile US from $270.00 to $280.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Tigress Financial boosted their price target on T-Mobile US from $290.00 to $305.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. 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 research note on Monday, July 7th. Scotiabank upgraded T-Mobile US from a "sector perform" rating to a "sector outperform" rating and boosted their price target for the stock from $275.00 to $277.50 in a research note on Wednesday, April 30th. Finally, KeyCorp reiterated an "underweight" rating and set a $200.00 price objective on shares of T-Mobile US in a research report on Wednesday, July 9th. 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 assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $256.31.

T-Mobile US Stock Performance

TMUS traded up $0.55 during midday trading on Monday, reaching $255.18. The company had a trading volume of 3,308,715 shares, compared to its average volume of 4,329,075. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. The business has a 50-day moving average of $235.93 and a two-hundred day moving average of $247.58. The company has a market cap of $287.18 billion, a P/E ratio of 24.07, a P/E/G ratio of 1.39 and a beta of 0.62. T-Mobile US, Inc. has a 1 year low of $192.61 and a 1 year high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly 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 during 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%. The business's quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.49 earnings per share. As a group, equities research analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.4%. T-Mobile US's dividend payout ratio is 33.21%.

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, July 7th. The stock was sold at an average price of $238.08, for a total value of $16,627,507.20. Following the completion of the transaction, the director owned 647,660,844 shares of the company's stock, valued at $154,195,093,739.52. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold a total of 1,974,370 shares of company stock valued at $462,526,830 over the last three months. 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.