Cozad Asset Management Inc. Sells 1,274 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Key Points

• Cozad Asset Management Inc. reduced its holdings in T-Mobile US by 5.7%, now owning 20,980 shares valued at approximately $5.6 million after selling 1,274 shares.
• Several hedge funds increased their positions in T-Mobile US, with the most significant increase being a 16.6% rise by Ancora Advisors LLC during the fourth quarter.
• T-Mobile US reported an earnings per share of $2.84 for the recent quarter, surpassing analysts' expectations of $2.69 and indicating a year-over-year revenue growth of 6.9%.

Cozad Asset Management Inc. decreased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 5.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,980 shares of the Wireless communications provider's stock after selling 1,274 shares during the quarter. Cozad Asset Management Inc.'s holdings in T-Mobile US were worth $5,595,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of TMUS. N.E.W. Advisory Services LLC bought a new stake in T-Mobile US in the 1st quarter worth approximately $47,000. TCTC Holdings LLC lifted its position in T-Mobile US by 208.1% in the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock valued at $30,000 after purchasing an additional 77 shares during the last quarter. Meeder Asset Management Inc. lifted its position in T-Mobile US by 7,481.9% in the first quarter. Meeder Asset Management Inc. now owns 21,305 shares of the Wireless communications provider's stock valued at $5,682,000 after purchasing an additional 21,024 shares during the last quarter. Meeder Advisory Services Inc. lifted its position in T-Mobile US by 17.4% in the first quarter. Meeder Advisory Services Inc. now owns 12,241 shares of the Wireless communications provider's stock valued at $3,265,000 after purchasing an additional 1,814 shares during the last quarter. Finally, Foundations Investment Advisors LLC lifted its position in T-Mobile US by 2.7% in the first quarter. Foundations Investment Advisors LLC now owns 2,792 shares of the Wireless communications provider's stock valued at $745,000 after purchasing an additional 74 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.

Wall Street Analyst Weigh In

TMUS has been the subject of several recent research reports. Wall Street Zen downgraded T-Mobile US from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. JPMorgan Chase & Co. boosted their target price on T-Mobile US from $270.00 to $280.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Rothschild & Co Redburn raised T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 target price on the stock in a research note on Monday, July 7th. KeyCorp reissued an "underweight" rating and set a $200.00 target price on shares of T-Mobile US in a research note on Wednesday, July 9th. Finally, Bank of America assumed coverage on T-Mobile US in a research note on Monday, July 7th. They issued a "neutral" rating and a $255.00 price target on the stock. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $256.31.

T-Mobile US Stock Performance

Shares of NASDAQ:TMUS traded down $0.56 during midday trading on Friday, reaching $237.85. 1,931,885 shares of the company's stock traded hands, compared to its average volume of 4,355,913. T-Mobile US, Inc. has a one year low of $185.39 and a one year high of $276.49. The stock has a 50 day moving average of $235.00 and a 200 day moving average of $245.15. 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 company has a market cap of $267.68 billion, a price-to-earnings ratio of 22.45, a P/E/G ratio of 1.32 and a beta of 0.62.

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

T-Mobile US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be given a $0.88 dividend. The ex-dividend date is Friday, August 29th. This represents a $3.52 dividend on an annualized basis and a yield of 1.5%. T-Mobile US's dividend payout ratio is presently 33.21%.

Insiders Place Their Bets

In related news, insider Jon Freier sold 7,000 shares of the stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $250.00, for a total transaction of $1,750,000.00. Following the completion of the sale, the insider owned 199,643 shares in the company, valued at approximately $49,910,750. This trade represents a 3.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 value of $2,961,840.00. Following the sale, the insider owned 110,891 shares of the company's stock, valued at $26,702,552.80. This represents a 9.98% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,555,330 shares of company stock worth $360,568,811 over the last quarter. 0.37% of the stock is currently owned by corporate insiders.

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.