Quantum Financial Planning Services Inc. Sells 4,764 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Key Points

• Quantum Financial Planning Services Inc. reduced its stake in T-Mobile US by 77.1% during the first quarter, now holding 1,417 shares valued at approximately $375,000.
• Several institutional investors, including Banco Santander S.A. and Moors & Cabot Inc., have adjusted their holdings in T-Mobile US, contributing to a 42.49% total institutional ownership of the company.
• T-Mobile US reported a 6.9% increase in quarterly revenue compared to the previous year, achieving $21.13 billion, and announced a quarterly dividend of $0.88 per share.

Quantum Financial Planning Services Inc. lessened its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 77.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,417 shares of the Wireless communications provider's stock after selling 4,764 shares during the quarter. T-Mobile US makes up 0.2% of Quantum Financial Planning Services Inc.'s portfolio, making the stock its 20th biggest position. Quantum Financial Planning Services Inc.'s holdings in T-Mobile US were worth $375,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ancora Advisors LLC raised its stake in T-Mobile US by 16.6% in the 4th quarter. Ancora Advisors LLC now owns 260 shares of the Wireless communications provider's stock worth $57,000 after acquiring an additional 37 shares during the last quarter. Snowden Capital Advisors LLC lifted its holdings in T-Mobile US by 0.6% in the fourth quarter. Snowden Capital Advisors LLC now owns 6,394 shares of the Wireless communications provider's stock worth $1,411,000 after purchasing an additional 40 shares during the period. Financial Management Professionals Inc. raised its position in T-Mobile US by 15.6% during the first quarter. Financial Management Professionals Inc. now owns 303 shares of the Wireless communications provider's stock valued at $81,000 after buying an additional 41 shares during the period. Hohimer Wealth Management LLC grew its stake in T-Mobile US by 2.3% in the 1st quarter. Hohimer Wealth Management LLC now owns 1,800 shares of the Wireless communications provider's stock valued at $480,000 after buying an additional 41 shares during the last quarter. Finally, Journey Strategic Wealth LLC increased its stake in T-Mobile US by 4.2% in the first quarter. Journey Strategic Wealth LLC now owns 1,022 shares of the Wireless communications provider's stock valued at $273,000 after acquiring an additional 41 shares during the period. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Trading Down 1.2%

TMUS stock traded down $2.79 during trading on Tuesday, reaching $238.22. 784,228 shares of the stock traded hands, compared to its average volume of 4,337,650. The firm has a market capitalization of $268.10 billion, a PE ratio of 22.46, a P/E/G ratio of 1.30 and a beta of 0.62. The business's 50 day moving average price is $234.85 and its 200-day moving average price is $245.89. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.13. T-Mobile US, Inc. has a 52-week low of $186.52 and a 52-week high of $276.49.

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

T-Mobile US Announces Dividend

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

Insiders Place Their Bets

In other news, insider Callie R. Field sold 12,300 shares of the company's stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $240.80, for a total transaction of $2,961,840.00. Following the sale, the insider directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $241.08, for a total value of $16,837,027.20. Following the completion of the transaction, the director owned 646,473,564 shares in the company, valued at $155,851,846,809.12. This represents a 0.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,555,330 shares of company stock worth $360,568,811. 0.37% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on TMUS shares. Scotiabank upgraded T-Mobile US from a "sector perform" rating to a "sector outperform" rating and upped their target price for the stock from $275.00 to $277.50 in a research note on Wednesday, April 30th. Rothschild & Co Redburn upgraded shares of 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. JPMorgan Chase & Co. increased their price objective on T-Mobile US from $270.00 to $280.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Royal Bank Of Canada raised their target price on T-Mobile US from $265.00 to $270.00 and gave the company a "sector perform" rating in a research report on Friday, July 25th. Finally, Redburn Atlantic upgraded T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price target on the stock in a research note on Monday, July 7th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat, T-Mobile US has an average rating of "Moderate Buy" and an average price target of $256.31.

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.