T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by Amalgamated Bank

Amalgamated Bank lowered its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 1.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 99,041 shares of the Wireless communications provider's stock after selling 1,338 shares during the period. Amalgamated Bank's holdings in T-Mobile US were worth $26,415,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Godsey & Gibb Inc. increased its position in T-Mobile US by 139.5% in the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock valued at $27,000 after acquiring an additional 60 shares during the period. Rakuten Securities Inc. increased its position in T-Mobile US by 93.9% in the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider's stock valued at $28,000 after acquiring an additional 62 shares during the period. CoreFirst Bank & Trust acquired a new position in T-Mobile US in the 4th quarter valued at about $28,000. Adirondack Trust Co. increased its position 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 valued at $37,000 after acquiring an additional 110 shares during the period. Finally, City Holding Co. increased its position 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 valued at $37,000 after acquiring an additional 43 shares during the period. Institutional investors and hedge funds own 42.49% of the company's stock.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $235.25 on Monday. 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 business's 50 day simple moving average is $240.00 and its 200-day simple moving average is $242.93. The firm has a market capitalization of $267.11 billion, a price-to-earnings ratio of 22.95, a price-to-earnings-growth ratio of 1.30 and a beta of 0.64.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share 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 company had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.67 billion. During the same quarter last year, the business posted $2.00 earnings per share. T-Mobile US's revenue was up 6.6% compared to the same quarter last year. As a group, equities analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's payout ratio is currently 34.34%.

Analyst Ratings Changes

Several brokerages recently issued reports on TMUS. UBS Group cut T-Mobile US from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 21st. HSBC lowered T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 price objective on the stock. in a report on Wednesday, March 5th. JPMorgan Chase & Co. lifted their price objective on T-Mobile US from $265.00 to $270.00 and gave the company an "overweight" rating in a report on Tuesday, March 18th. Tigress Financial lifted their price objective on T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. Finally, Citigroup lowered T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 price objective on the stock. in a report on Friday, March 14th. Eleven analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $257.68.

Insider Activity at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction on Monday, June 16th. The stock was sold at an average price of $230.16, for a total transaction of $16,074,374.40. Following the sale, the director now owns 588,274,099 shares of the company's stock, valued at $135,397,166,625.84. This trade represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 419,040 shares of company stock valued at $94,880,434 over the last quarter. Insiders own 0.37% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.