Robeco Institutional Asset Management B.V. Lowers Position in T-Mobile US, Inc. $TMUS

Key Points

• Robeco Institutional Asset Management B.V. reduced its stake in T-Mobile US by 0.6% during the second quarter, holding 244,659 shares valued at approximately $58.29 million.
• T-Mobile US reported $2.84 earnings per share for the latest quarter, exceeding estimates and showing a 6.9% increase in year-over-year revenue.
• The company announced a quarterly dividend increase to $1.02 per share, reflecting a rise from the previous dividend of $0.88, with a dividend yield of 1.8%.

Robeco Institutional Asset Management B.V. cut its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 0.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 244,659 shares of the Wireless communications provider's stock after selling 1,399 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in T-Mobile US were worth $58,292,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Financial Management Professionals Inc. grew its holdings in shares of T-Mobile US by 15.6% during the 1st quarter. Financial Management Professionals Inc. now owns 303 shares of the Wireless communications provider's stock worth $81,000 after purchasing an additional 41 shares during the period. Hohimer Wealth Management LLC lifted its stake in T-Mobile US by 2.3% during the 1st quarter. Hohimer Wealth Management LLC now owns 1,800 shares of the Wireless communications provider's stock worth $480,000 after acquiring an additional 41 shares in the last quarter. Journey Strategic Wealth LLC lifted its stake in T-Mobile US by 4.2% during the 1st quarter. Journey Strategic Wealth LLC now owns 1,022 shares of the Wireless communications provider's stock worth $273,000 after acquiring an additional 41 shares in the last quarter. Angeles Wealth Management LLC lifted its stake in T-Mobile US by 1.2% during the 1st quarter. Angeles Wealth Management LLC now owns 3,328 shares of the Wireless communications provider's stock worth $888,000 after acquiring an additional 41 shares in the last quarter. Finally, City Holding Co. lifted its stake in 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 in the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

T-Mobile US Price Performance

TMUS stock opened at $230.14 on Friday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.13. The firm has a market capitalization of $259.00 billion, a P/E ratio of 21.71, a P/E/G ratio of 1.28 and a beta of 0.59. The business's 50-day moving average is $244.83 and its two-hundred day moving average is $244.31. T-Mobile US, Inc. has a 1 year low of $206.18 and a 1 year 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 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.99 billion. During the same quarter last year, the company earned $2.49 EPS. The business's quarterly revenue was up 6.9% on a year-over-year basis. Analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be given a dividend of $1.02 per share. This is a boost from T-Mobile US's previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $4.08 annualized dividend and a dividend yield of 1.8%. 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 64,426 shares of the firm's stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $239.54, for a total transaction of $15,432,604.04. Following the sale, the director owned 634,112,640 shares of the company's stock, valued at approximately $151,895,341,785.60. This trade represents a 0.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders sold 2,584,633 shares of company stock worth $623,559,263. 0.37% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

TMUS has been the topic of several research reports. JPMorgan Chase & Co. increased their target price on T-Mobile US from $280.00 to $300.00 and gave the stock an "overweight" rating in a research note on Tuesday. Bank of America initiated coverage on T-Mobile US in a research note on Monday, July 7th. They set a "neutral" rating and a $255.00 target price on the stock. Royal Bank Of Canada increased their target price on T-Mobile US from $265.00 to $270.00 and gave the stock a "sector perform" rating in a research note on Friday, July 25th. The Goldman Sachs Group initiated coverage on T-Mobile US in a research note on Tuesday, September 2nd. They set a "buy" rating and a $286.00 target price on the stock. Finally, Wolfe Research decreased their target price on T-Mobile US from $300.00 to $290.00 and set an "outperform" rating on the stock in a research note on Tuesday. Three investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $262.50.

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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