T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC decreased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 22.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,073 shares of the Wireless communications provider's stock after selling 3,585 shares during the quarter. Concurrent Investment Advisors LLC's holdings in T-Mobile US were worth $3,220,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. HM Payson & Co. lifted its holdings in T-Mobile US by 14.6% in the 1st quarter. HM Payson & Co. now owns 1,482 shares of the Wireless communications provider's stock worth $395,000 after buying an additional 189 shares in the last quarter. World Investment Advisors lifted its holdings in T-Mobile US by 8.5% in the 1st quarter. World Investment Advisors now owns 1,840 shares of the Wireless communications provider's stock worth $491,000 after buying an additional 144 shares in the last quarter. Wayfinding Financial LLC acquired a new position in T-Mobile US in the 1st quarter worth $171,000. Truist Financial Corp lifted its holdings in T-Mobile US by 3.3% in the 1st quarter. Truist Financial Corp now owns 461,308 shares of the Wireless communications provider's stock worth $123,036,000 after buying an additional 14,769 shares in the last quarter. Finally, Capital Investment Advisory Services LLC acquired a new position in T-Mobile US in the 1st quarter worth $249,000. Institutional investors and hedge funds own 42.49% of the company's stock.

Insider Buying and Selling

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the firm's stock in a transaction that occurred 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 sale, the director directly owned 647,660,844 shares in the company, valued at $154,195,093,739.52. This trade represents a 0.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders sold 698,400 shares of company stock valued at $161,083,166. 0.37% of the stock is owned by company insiders.

T-Mobile US Stock Performance

Shares of NASDAQ:TMUS traded down $4.16 during trading on Thursday, reaching $228.15. 5,527,937 shares of the company's stock traded hands, compared to its average volume of 4,106,988. T-Mobile US, Inc. has a 12 month low of $173.74 and a 12 month high of $276.49. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.16 and a quick ratio of 1.08. The stock has a market capitalization of $259.05 billion, a P/E ratio of 22.26, a price-to-earnings-growth ratio of 1.32 and a beta of 0.62. The company has a 50 day moving average of $238.24 and a 200-day moving average of $243.46.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.10. T-Mobile US had a return on equity of 19.09% and a net margin of 14.41%. The business had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.67 billion. During the same period in the previous year, the firm posted $2.00 earnings per share. The business's revenue was up 6.6% on a year-over-year basis. On average, equities analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's dividend payout ratio is currently 34.34%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Redburn Atlantic upgraded shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price objective on the stock in a report on Monday. KeyCorp reiterated an "underweight" rating and issued a $200.00 price objective on shares of T-Mobile US in a report on Wednesday. Bank of America began coverage on shares of T-Mobile US in a report on Monday. They issued a "neutral" rating and a $255.00 price objective on the stock. Scotiabank raised shares of T-Mobile US from a "sector perform" rating to a "sector outperform" rating and boosted their target price for the stock from $275.00 to $277.50 in a research report on Wednesday, April 30th. Finally, Citigroup downgraded shares of T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 target price for the company. in a research report on Friday, March 14th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, ten have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $252.61.

T-Mobile US Company 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.