Brentview Investment Management LLC cut its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 11.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,174 shares of the Wireless communications provider's stock after selling 2,829 shares during the quarter. T-Mobile US accounts for about 3.0% of Brentview Investment Management LLC's portfolio, making the stock its 10th largest position. Brentview Investment Management LLC's holdings in T-Mobile US were worth $5,647,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in TMUS. Godsey & Gibb Inc. lifted its position 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 worth $27,000 after purchasing an additional 60 shares during the period. TCTC Holdings LLC lifted its position in shares of T-Mobile US by 208.1% in the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock worth $30,000 after purchasing an additional 77 shares during the period. City Holding Co. lifted its position in shares of T-Mobile US by 45.3% in the 1st quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock worth $37,000 after purchasing an additional 43 shares during the period. Adirondack Trust Co. lifted its position in shares of T-Mobile US by 366.7% during the 1st quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock valued at $37,000 after acquiring an additional 110 shares during the period. Finally, Pinney & Scofield Inc. acquired a new position in shares of T-Mobile US during the 4th quarter valued at $39,000. 42.49% of the stock is owned by institutional investors.
T-Mobile US Stock Performance
NASDAQ TMUS traded down $1.21 during trading on Friday, hitting $237.20. 3,480,382 shares of the company's stock traded hands, compared to its average volume of 4,080,460. The stock has a market capitalization of $266.95 billion, a price-to-earnings ratio of 22.38, a PEG ratio of 1.31 and a beta of 0.62. T-Mobile US, Inc. has a 12-month low of $185.39 and a 12-month high of $276.49. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. The business has a 50 day moving average of $234.89 and a 200-day moving average of $245.31.
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 EPS for the quarter, beating the consensus estimate of $2.69 by $0.15. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The business had revenue of $21.13 billion for the quarter, compared to the consensus estimate of $20.99 billion. During the same period in the prior year, the firm earned $2.49 earnings per share. The company's revenue was up 6.9% compared to the same quarter last year. As a group, equities research analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.
T-Mobile US Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's dividend payout ratio is presently 33.21%.
Analysts Set New Price Targets
A number of research analysts recently issued reports on TMUS shares. KeyCorp reiterated an "underweight" rating and set a $200.00 target price on shares of T-Mobile US in a research report on Wednesday, July 9th. Bank of America started coverage on shares of T-Mobile US in a research report on Monday, July 7th. They set a "neutral" rating and a $255.00 target price on the stock. Scotiabank upgraded shares of T-Mobile US from a "sector perform" rating to a "sector outperform" rating and boosted their target price for the company from $275.00 to $277.50 in a research report on Wednesday, April 30th. Rothschild & Co Redburn upgraded 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 report on Monday, July 7th. Finally, Morgan Stanley boosted their price target on shares of T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, T-Mobile US currently has a consensus rating of "Moderate Buy" and an average price target of $256.31.
View Our Latest Stock Report on T-Mobile US
Insider Transactions at T-Mobile US
In other news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $241.08, for a total value of $16,837,027.20. Following the sale, the director directly owned 646,473,564 shares of the company's stock, valued at approximately $155,851,846,809.12. This represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Callie R. Field sold 12,300 shares of the stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $240.80, for a total transaction of $2,961,840.00. Following the completion of the sale, the insider directly owned 110,891 shares in the company, valued at approximately $26,702,552.80. The trade was a 9.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,555,330 shares of company stock valued at $360,568,811. 0.37% of the stock is currently owned by corporate insiders.
About T-Mobile US
(
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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