Commerce Bank Cuts Stock Holdings 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 lessened its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 17.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 528,163 shares of the Wireless communications provider's stock after selling 111,303 shares during the period. T-Mobile US makes up approximately 0.9% of Commerce Bank's holdings, making the stock its 21st largest position. Commerce Bank's holdings in T-Mobile US were worth $140,866,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in TMUS. Godsey & Gibb Inc. boosted its position 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 worth $27,000 after purchasing an additional 60 shares during the period. TCTC Holdings LLC lifted its stake 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 valued at $30,000 after buying an additional 77 shares in the last quarter. Adirondack Trust Co. boosted its holdings in T-Mobile US by 366.7% in the 1st quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock worth $37,000 after buying an additional 110 shares during the period. City Holding Co. increased its stake in 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 buying an additional 43 shares in the last quarter. Finally, Pinney & Scofield Inc. purchased a new stake in T-Mobile US in the 4th quarter worth $39,000. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

T-Mobile US Trading Down 0.5%

Shares of TMUS stock traded down $1.21 during trading hours on Friday, reaching $237.20. 3,480,382 shares of the stock were exchanged, compared to its average volume of 4,080,460. The firm has a market capitalization of $266.95 billion, a price-to-earnings ratio of 22.38, a price-to-earnings-growth ratio of 1.30 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's 50-day moving average price is $234.89 and its 200-day moving average price is $245.31. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $21.13 billion for the quarter, compared to analysts' expectations of $20.99 billion. During the same quarter in the prior year, the firm posted $2.49 earnings per share. The company's quarterly revenue was up 6.9% on a year-over-year basis. As a group, equities analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be given 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 dividend payout ratio (DPR) is 33.21%.

Analyst Ratings Changes

Several analysts recently issued reports on TMUS shares. JPMorgan Chase & Co. increased their target price on T-Mobile US from $270.00 to $280.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Scotiabank raised shares of T-Mobile US from a "sector perform" rating to a "sector outperform" rating and increased their price objective for the company from $275.00 to $277.50 in a report on Wednesday, April 30th. Tigress Financial lifted their price objective on shares of T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. Morgan Stanley boosted their target price on shares of T-Mobile US from $265.00 to $285.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Finally, Arete Research raised shares of T-Mobile US to a "strong-buy" rating in a research note on Tuesday, July 8th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $256.31.

Insider Transactions at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the firm's 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 transaction, the director owned 646,473,564 shares of the company's stock, valued at $155,851,846,809.12. This trade represents a 0.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jon Freier sold 7,000 shares of T-Mobile US stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $250.00, for a total transaction of $1,750,000.00. Following the sale, the insider owned 199,643 shares of the company's stock, valued at $49,910,750. The trade was a 3.39% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,555,330 shares of company stock worth $360,568,811. 0.37% of the stock is currently owned by insiders.

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.