Integrated Investment Consultants LLC Sells 260,076 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Key Points

• Integrated Investment Consultants LLC significantly reduced its stake in T-Mobile US by 99.7%, owning just 847 shares after selling 260,076 shares, with holdings valued at $226,000.
• Several analysts issued new ratings and price targets for T-Mobile US, with Scotiabank upgrading the stock to "sector outperform" and raising its price target to $277.50, while Morgan Stanley set a target of $285.00.
• T-Mobile US announced a quarterly dividend of $0.88 per share, representing an annualized dividend yield of 1.45%, scheduled for payment on September 11th.

Integrated Investment Consultants LLC cut its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 99.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 847 shares of the Wireless communications provider's stock after selling 260,076 shares during the quarter. Integrated Investment Consultants LLC's holdings in T-Mobile US were worth $226,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of TMUS. Godsey & Gibb Inc. grew its position in T-Mobile US by 139.5% in the first 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. Adirondack Trust Co. grew its position in T-Mobile US by 366.7% in the first 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. City Holding Co. grew its position in T-Mobile US by 45.3% in the first 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. Pinney & Scofield Inc. bought a new stake in T-Mobile US in the fourth quarter valued at $39,000. Finally, 10Elms LLP bought a new stake in T-Mobile US in the fourth quarter valued at $42,000. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Stock Down 2.2%

Shares of NASDAQ TMUS traded down $5.36 during mid-day trading on Monday, reaching $238.19. 3,702,649 shares of the company's stock were exchanged, compared to its average volume of 4,382,313. The firm has a market capitalization of $268.06 billion, a price-to-earnings ratio of 22.47, a PEG ratio of 1.33 and a beta of 0.62. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33. The business has a fifty day simple moving average of $235.19 and a 200 day simple moving average of $244.86. T-Mobile US, Inc. has a twelve month low of $173.74 and a twelve month high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, topping analysts' consensus estimates of $2.69 by $0.15. The company had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.99 billion. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%. T-Mobile US's revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the firm posted $2.49 earnings per share. As a group, equities analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be issued a dividend of $0.88 per share. The ex-dividend date is Friday, August 29th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.48%. T-Mobile US's payout ratio is presently 33.21%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on TMUS shares. Royal Bank Of Canada increased their target price on T-Mobile US from $265.00 to $270.00 and gave the stock a "sector perform" rating in a report on Friday. Scotiabank upgraded T-Mobile US from a "sector perform" rating to a "sector outperform" rating and increased their target price for the stock from $275.00 to $277.50 in a report on Wednesday, April 30th. Tigress Financial increased their target price on T-Mobile US from $290.00 to $305.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Wall Street Zen cut T-Mobile US from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Finally, KeyCorp reaffirmed an "underweight" rating and set a $200.00 price target on shares of T-Mobile US in a research note on Wednesday, July 9th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $256.31.

Insider Activity

In related 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 transaction of $16,627,507.20. Following the completion of the transaction, the director directly owned 647,660,844 shares in the company, valued at approximately $154,195,093,739.52. This trade represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 1,333,510 shares of company stock worth $306,996,018 in the last ninety days. 0.37% of the stock is currently owned by company insiders.

About T-Mobile US

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.