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Swiss National Bank Cuts Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

T-Mobile US logo with Computer and Technology background

Key Points

  • The Swiss National Bank sold 10,300 shares of T-Mobile US, Inc., reducing its holdings by 0.7% to 1,472,902 shares, valued at approximately $392.8 million.
  • T-Mobile US reported a Q2 EPS of $2.84, surpassing analysts' expectations, with revenue reaching $21.13 billion, a year-over-year increase of 6.9%.
  • The company declared a quarterly dividend of $0.88 per share, with a dividend yield of 1.4%, set to be paid on September 11th to stockholders of record.
  • Want stock alerts on T-Mobile US? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Swiss National Bank cut its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 0.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,472,902 shares of the Wireless communications provider's stock after selling 10,300 shares during the quarter. Swiss National Bank owned 0.13% of T-Mobile US worth $392,838,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of TMUS. Godsey & Gibb Inc. boosted its position in T-Mobile US by 139.5% during the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock valued at $27,000 after buying an additional 60 shares during the period. TCTC Holdings LLC boosted its position in 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 buying an additional 77 shares during the period. Adirondack Trust Co. boosted its position in T-Mobile US by 366.7% during the first quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock valued at $37,000 after buying an additional 110 shares during the period. City Holding Co. boosted its position in 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 buying an additional 43 shares during the period. Finally, Pinney & Scofield Inc. purchased a new stake in T-Mobile US during the fourth quarter valued at about $39,000. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Stock Up 0.8%

T-Mobile US stock traded up $2.05 during mid-day trading on Friday, reaching $244.98. The stock had a trading volume of 4,261,624 shares, compared to its average volume of 4,319,843. The company has a market capitalization of $275.71 billion, a price-to-earnings ratio of 23.11, a PEG ratio of 1.35 and a beta of 0.62. The company has a 50-day moving average price of $234.84 and a two-hundred day moving average price of $246.33. T-Mobile US, Inc. has a one year low of $192.11 and a one year high of $276.49. 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 (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.69 by $0.15. The company had revenue of $21.13 billion for the quarter, compared to analysts' expectations of $20.99 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. T-Mobile US's revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.49 EPS. On average, analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.88 per share. The ex-dividend date 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 currently 33.21%.

Insider Transactions at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the company's stock in a transaction on 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 sale, the director directly owned 647,660,844 shares in the company, valued at $154,195,093,739.52. This represents a 0.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. In the last quarter, insiders have sold 1,764,850 shares of company stock worth $410,591,012. 0.37% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

TMUS has been the topic of several analyst reports. Tigress Financial lifted their target price on shares of 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 raised shares of T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 target price on the stock in a research note on Monday, July 7th. Bank of America initiated coverage on shares of T-Mobile US in a research note on Monday, July 7th. They issued a "neutral" rating and a $255.00 target price on the stock. Morgan Stanley lifted their target price on shares of T-Mobile US from $265.00 to $285.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Finally, JPMorgan Chase & Co. lifted their target price on shares of T-Mobile US from $270.00 to $280.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $256.31.

Check Out Our Latest Stock Analysis on T-Mobile US

T-Mobile US Profile

(Free Report)

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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