Commerce Bank Decreases Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Key Points

• Commerce Bank has reduced its stake in T-Mobile US by 17.4%, now holding 528,163 shares valued at approximately $140.87 million.
• Several institutional investors increased their holdings in T-Mobile US, with Godsey & Gibb Inc. raising their stake by 139.5% during the first quarter.
• The company has announced a quarterly dividend of $0.88 per share, representing an annualized yield of 1.5%, payable on September 11th.

Commerce Bank lowered its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 17.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 528,163 shares of the Wireless communications provider's stock after selling 111,303 shares during the quarter. T-Mobile US accounts for 0.9% of Commerce Bank's holdings, making the stock its 21st biggest position. Commerce Bank's holdings in T-Mobile US were worth $140,866,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Godsey & Gibb Inc. grew its holdings in shares of T-Mobile US by 139.5% in the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock valued at $27,000 after purchasing an additional 60 shares in the last quarter. TCTC Holdings LLC lifted its holdings in shares of T-Mobile US by 208.1% during the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock worth $30,000 after acquiring an additional 77 shares during the period. Adirondack Trust Co. grew its position in shares of T-Mobile US by 366.7% during the first quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock worth $37,000 after buying an additional 110 shares in the last quarter. City Holding Co. boosted its holdings in T-Mobile US by 45.3% in the first 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. Finally, Pinney & Scofield Inc. bought a new stake in shares of T-Mobile US during the fourth quarter valued at about $39,000. Institutional investors and hedge funds own 42.49% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on TMUS. 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. Redburn Atlantic raised T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price target on the stock in a research report on Monday, July 7th. Morgan Stanley raised their price target on T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Royal Bank Of Canada lifted 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. Finally, Wall Street Zen downgraded T-Mobile US from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $256.31.

T-Mobile US Price Performance

Shares of TMUS traded down $3.37 during trading hours on Tuesday, hitting $237.64. The stock had a trading volume of 1,785,079 shares, compared to its average volume of 4,345,001. The company's fifty day moving average is $234.85 and its two-hundred day moving average is $245.89. 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, Inc. has a 52 week low of $186.52 and a 52 week high of $276.49. The stock has a market capitalization of $267.44 billion, a price-to-earnings ratio of 22.44, a P/E/G ratio of 1.30 and a beta of 0.62.

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 earnings per share for the quarter, topping 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 company had revenue of $21.13 billion during the quarter, compared to analysts' expectations of $20.99 billion. During the same period last year, the business earned $2.49 EPS. The business's quarterly revenue was up 6.9% on a year-over-year basis. On average, analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

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 dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, August 29th. T-Mobile US's payout ratio is 33.21%.

Insider Transactions at T-Mobile US

In other T-Mobile US news, insider Callie R. Field sold 12,300 shares of the stock in a transaction that occurred on 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 transaction, the insider directly owned 110,891 shares in the company, valued at approximately $26,702,552.80. This represents a 9.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jon Freier sold 7,000 shares of the company's stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $250.00, for a total value of $1,750,000.00. Following the transaction, the insider directly owned 199,643 shares in the company, valued at $49,910,750. The trade was a 3.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,555,330 shares of company stock worth $360,568,811. 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.