Primecap Management Co. CA Has $144.29 Million Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Key Points

• Primecap Management Co. CA reduced its holdings in T-Mobile US, Inc. by 19.8%, selling 133,770 shares during the first quarter and maintaining a value of approximately $144 million.
• Several hedge funds increased their stakes in T-Mobile US during the same period, with Godsey & Gibb Inc. raising its position by 139.5%, indicating a growing institutional interest in the company.
• T-Mobile US announced a quarterly dividend of $0.88 per share, with an expected annual yield of 1.5%, to be paid to investors of record on August 29th.

Primecap Management Co. CA lowered its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 19.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 541,009 shares of the Wireless communications provider's stock after selling 133,770 shares during the quarter. Primecap Management Co. CA's holdings in T-Mobile US were worth $144,293,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of Nova Scotia raised its position in shares of T-Mobile US by 227.1% during the 4th quarter. Bank of Nova Scotia now owns 217,900 shares of the Wireless communications provider's stock worth $48,097,000 after purchasing an additional 151,284 shares during the period. Azimuth Capital Investment Management LLC raised its position in shares of T-Mobile US by 3.0% during the 4th quarter. Azimuth Capital Investment Management LLC now owns 105,973 shares of the Wireless communications provider's stock worth $23,391,000 after purchasing an additional 3,072 shares during the period. CenterBook Partners LP acquired a new stake in shares of T-Mobile US during the 4th quarter worth approximately $1,964,000. Scotia Capital Inc. raised its position in shares of T-Mobile US by 15.4% during the 4th quarter. Scotia Capital Inc. now owns 34,811 shares of the Wireless communications provider's stock worth $7,685,000 after purchasing an additional 4,657 shares during the period. Finally, Treasurer of the State of North Carolina raised its position in shares of T-Mobile US by 0.7% during the 4th quarter. Treasurer of the State of North Carolina now owns 225,486 shares of the Wireless communications provider's stock worth $49,772,000 after purchasing an additional 1,460 shares during the period. Institutional investors and hedge funds own 42.49% of the company's stock.

Insider Transactions at T-Mobile US

In other news, insider Jon Freier sold 7,000 shares of T-Mobile US stock in a transaction on 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 transaction, the insider owned 199,643 shares in the company, valued at approximately $49,910,750. The trade was a 3.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Callie R. Field sold 12,300 shares of T-Mobile US stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $240.80, for a total value of $2,961,840.00. Following the transaction, the insider owned 110,891 shares in the company, 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 1,764,850 shares of company stock valued at $410,591,012 over the last quarter. Company insiders own 0.37% of the company's stock.

T-Mobile US Price Performance

Shares of TMUS traded up $2.05 during trading hours on Friday, hitting $244.98. 4,261,624 shares of the company were exchanged, compared to its average volume of 4,319,843. The company has a market capitalization of $275.71 billion, a PE ratio of 23.11, a PEG ratio of 1.33 and a beta of 0.62. 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 firm has a fifty day simple moving average of $234.84 and a 200-day simple moving average of $246.14. T-Mobile US, Inc. has a one year low of $192.11 and a one year high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.69 by $0.15. The business had revenue of $21.13 billion during 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%. The company's revenue was up 6.9% compared to the same quarter last year. During the same period last year, the company posted $2.49 EPS. As a group, sell-side analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's dividend payout ratio (DPR) is 33.21%.

Wall Street Analyst Weigh In

TMUS has been the subject of a number of recent analyst reports. Arete Research raised T-Mobile US to a "strong-buy" rating in a report on Tuesday, July 8th. Tigress Financial increased their price objective on T-Mobile US from $290.00 to $305.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. JPMorgan Chase & Co. increased their price objective on T-Mobile US from $270.00 to $280.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Royal Bank Of Canada increased their price objective on T-Mobile US from $265.00 to $270.00 and gave the stock a "sector perform" rating in a report on Friday, July 25th. Finally, Redburn Atlantic raised T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price objective for the company in a report on Monday, July 7th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $256.31.

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.