T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by ING Groep NV

Key Points

• ING Groep NV reduced its stake in T-Mobile US, Inc. by 68.4%, while other institutional investors such as GAMMA Investing LLC increased their stake significantly, showcasing varied investment strategies in the company.
• T-Mobile US reported earnings of $2.84 per share, outperforming analysts' expectations, and announced a quarterly dividend of $0.88 with a yield of 1.5%.
• Analysts currently have a consensus price target of $256.31 for T-Mobile US, with ratings ranging from "sell" to "strong buy," indicating a diverse perspective on the stock's future performance.

ING Groep NV lowered its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 68.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 88,268 shares of the Wireless communications provider's stock after selling 191,335 shares during the quarter. ING Groep NV's holdings in T-Mobile US were worth $23,542,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in shares of T-Mobile US by 29,289.4% in the first quarter. GAMMA Investing LLC now owns 3,053,563 shares of the Wireless communications provider's stock worth $814,416,000 after acquiring an additional 3,043,173 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings in T-Mobile US by 85.5% in the 4th quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider's stock valued at $1,329,919,000 after purchasing an additional 2,777,657 shares in the last quarter. Capital International Investors lifted its holdings in T-Mobile US by 36.2% in the 4th quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider's stock valued at $1,440,424,000 after purchasing an additional 1,734,998 shares in the last quarter. Deutsche Bank AG boosted its stake in T-Mobile US by 38.8% during the 4th quarter. Deutsche Bank AG now owns 3,465,534 shares of the Wireless communications provider's stock worth $764,947,000 after purchasing an additional 968,444 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of T-Mobile US by 13.8% during the fourth quarter. Northern Trust Corp now owns 5,325,541 shares of the Wireless communications provider's stock worth $1,175,507,000 after buying an additional 645,892 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.

Analysts Set New Price Targets

TMUS has been the topic of a number of recent research reports. KeyCorp restated an "underweight" rating and set a $200.00 price target on shares of T-Mobile US in a research report on Wednesday, July 9th. Arete Research upgraded T-Mobile US to a "strong-buy" rating in a report on Tuesday, July 8th. Rothschild & Co Redburn upgraded T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price target for the company in a research report on Monday, July 7th. Bank of America started coverage on T-Mobile US in a report on Monday, July 7th. They issued a "neutral" rating and a $255.00 price target for the company. Finally, Scotiabank raised T-Mobile US from a "sector perform" rating to a "sector outperform" rating and boosted their price objective for the stock from $275.00 to $277.50 in a research note on Wednesday, April 30th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $256.31.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction dated 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 owned 647,660,844 shares of the company's stock, valued at $154,195,093,739.52. This trade represents a 0.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold 1,555,330 shares of company stock valued at $360,568,811 in the last ninety days. Company insiders own 0.37% of the company's stock.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $237.20 on Monday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.13. The company has a market cap of $266.95 billion, a P/E ratio of 22.38, a P/E/G ratio of 1.30 and a beta of 0.62. The stock has a 50-day moving average of $234.89 and a two-hundred day moving average of $245.73. T-Mobile US, Inc. has a 1-year low of $185.39 and a 1-year high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $21.13 billion during the quarter, compared to analysts' expectations of $20.99 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The business's quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.49 earnings per share. As a group, analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be issued 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 (DPR) is 33.21%.

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.

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.