T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by Waverton Investment Management Ltd

Waverton Investment Management Ltd lessened its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 17.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 568,484 shares of the Wireless communications provider's stock after selling 116,595 shares during the period. T-Mobile US comprises 2.3% of Waverton Investment Management Ltd's portfolio, making the stock its 20th largest holding. Waverton Investment Management Ltd owned approximately 0.05% of T-Mobile US worth $151,575,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of TMUS. Bartlett & CO. Wealth Management LLC lifted its stake in shares of T-Mobile US by 33.5% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 78,171 shares of the Wireless communications provider's stock worth $20,849,000 after purchasing an additional 19,602 shares during the period. Illinois Municipal Retirement Fund increased its stake in T-Mobile US by 4.3% in the first quarter. Illinois Municipal Retirement Fund now owns 124,440 shares of the Wireless communications provider's stock valued at $33,189,000 after purchasing an additional 5,110 shares during the last quarter. Transcend Capital Advisors LLC acquired a new stake in T-Mobile US in the 1st quarter worth about $218,000. Trust Co. of Vermont grew its holdings in T-Mobile US by 2.2% in the 1st quarter. Trust Co. of Vermont now owns 27,574 shares of the Wireless communications provider's stock valued at $7,354,000 after buying an additional 602 shares during the period. Finally, Victrix Investment Advisors purchased a new stake in T-Mobile US in the 1st quarter valued at about $231,000. Hedge funds and other institutional investors own 42.49% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on TMUS shares. Scotiabank raised shares of T-Mobile US from a "sector perform" rating to a "sector outperform" rating and raised their target price for the stock from $275.00 to $277.50 in a research report on Wednesday, April 30th. JPMorgan Chase & Co. lifted their price target on shares of T-Mobile US from $265.00 to $270.00 and gave the company an "overweight" rating in a report on Tuesday, March 18th. Citigroup downgraded T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 price objective for the company. in a report on Friday, March 14th. Benchmark reiterated a "buy" rating and issued a $275.00 target price on shares of T-Mobile US in a report on Thursday, March 27th. Finally, UBS Group downgraded T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Friday, March 21st. Eleven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, T-Mobile US currently has an average rating of "Moderate Buy" and a consensus target price of $257.68.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the firm's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $230.16, for a total value of $16,074,374.40. Following the transaction, the director now owns 588,274,099 shares of the company's stock, valued at $135,397,166,625.84. This trade represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In the last ninety days, insiders have sold 419,040 shares of company stock valued at $94,880,434. Corporate insiders own 0.37% of the company's stock.

T-Mobile US Trading Up 0.2%

TMUS opened at $231.42 on Friday. T-Mobile US, Inc. has a 12-month low of $173.74 and a 12-month high of $276.49. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.16 and a quick ratio of 1.08. The stock has a market capitalization of $262.76 billion, a PE ratio of 22.58, a P/E/G ratio of 1.27 and a beta of 0.64. The firm's fifty day moving average price is $240.54 and its 200 day moving average price is $242.79.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.48 by $0.10. The business had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.67 billion. T-Mobile US had a net margin of 14.41% and a return on equity of 19.09%. The company's revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.00 EPS. As a group, research 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 declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders 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 dividend yield of 1.52%. T-Mobile US's dividend payout ratio (DPR) is 34.34%.

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.

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