Azimuth Capital Investment Management LLC Sells 4,472 Shares of T-Mobile US, Inc. $TMUS

Key Points

• Azimuth Capital Investment Management LLC reduced its stake in T-Mobile US by 4.2%, owning 101,501 shares worth approximately $27.07 million, which represents 1.1% of its total holdings.
• T-Mobile US reported a better-than-expected EPS of $2.84 for the last quarter, surpassing analysts' estimates of $2.69, alongside a revenue of $21.13 billion.
• The company announced a quarterly dividend of $0.88, with an annualized yield of 1.4%, set to be paid on September 11th.

Azimuth Capital Investment Management LLC reduced its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 4.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 101,501 shares of the Wireless communications provider's stock after selling 4,472 shares during the period. T-Mobile US makes up about 1.1% of Azimuth Capital Investment Management LLC's investment portfolio, making the stock its 19th biggest position. Azimuth Capital Investment Management LLC's holdings in T-Mobile US were worth $27,071,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Ancora Advisors LLC lifted its holdings in T-Mobile US by 16.6% in the fourth quarter. Ancora Advisors LLC now owns 260 shares of the Wireless communications provider's stock valued at $57,000 after buying an additional 37 shares during the period. 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 valued at $1,411,000 after buying an additional 40 shares during the period. Financial Management Professionals Inc. lifted its holdings in T-Mobile US by 15.6% in 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 lifted its holdings in T-Mobile US by 2.3% in the first 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 period. Finally, Journey Strategic Wealth LLC lifted its holdings 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 buying an additional 41 shares during the period. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Morgan Stanley increased their target price on shares of T-Mobile US from $265.00 to $285.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. JPMorgan Chase & Co. increased their target price on shares of T-Mobile US from $270.00 to $280.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Redburn Atlantic upgraded shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 target price on the stock in a report on Monday, July 7th. 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 report on Monday, July 7th. Finally, KeyCorp reiterated an "underweight" rating and issued a $200.00 target price on shares of T-Mobile US in a report on Wednesday, July 9th. Three research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $256.31.

Insiders Place Their Bets

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the firm's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $238.08, for a total value of $16,627,507.20. Following the completion of the transaction, the director owned 647,660,844 shares of the company's stock, 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 1,974,370 shares of company stock valued at $462,526,830 over the last ninety days. 0.37% of the stock is currently owned by company insiders.

T-Mobile US Stock Up 1.2%

Shares of NASDAQ:TMUS traded up $3.01 during midday trading on Tuesday, reaching $258.19. 1,132,921 shares of the company were exchanged, compared to its average volume of 4,313,907. T-Mobile US, Inc. has a fifty-two week low of $192.61 and a fifty-two week high of $276.49. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. The stock has a fifty day simple moving average of $235.93 and a two-hundred day simple moving average of $247.58. The firm has a market cap of $290.57 billion, a PE ratio of 24.36, a P/E/G ratio of 1.39 and a beta of 0.62.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.99 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The firm's quarterly revenue was up 6.9% on a year-over-year basis. During the same period last 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 Dividend Announcement

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

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.