Callan Family Office LLC Lowers Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Key Points

• Callan Family Office LLC reduced its stake in T-Mobile US, Inc. by 16.4%, now holding 10,842 shares valued at approximately $2.89 million.
• Despite some hedge funds reducing their stakes, others like Godsey & Gibb Inc. and TCTC Holdings LLC significantly increased their holdings in T-Mobile during the first quarter.
• T-Mobile US reported Q2 earnings of $2.84 EPS, exceeding estimates, with revenue reaching $21.13 billion, a 6.9% year-over-year growth.

Callan Family Office LLC cut its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 16.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,842 shares of the Wireless communications provider's stock after selling 2,131 shares during the quarter. Callan Family Office LLC's holdings in T-Mobile US were worth $2,892,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Godsey & Gibb Inc. lifted its position in shares of T-Mobile US by 139.5% during the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock worth $27,000 after buying an additional 60 shares during the last quarter. Stone House Investment Management LLC acquired a new position in T-Mobile US in the 1st quarter worth about $29,000. TCTC Holdings LLC increased its stake in shares of T-Mobile US by 208.1% in the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock valued at $30,000 after buying an additional 77 shares during the period. City Holding Co. increased its stake in shares of 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 buying an additional 43 shares during the period. Finally, Adirondack Trust Co. increased its stake in shares of 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 buying an additional 110 shares during the period. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Price Performance

NASDAQ TMUS traded down $1.44 during trading hours on Wednesday, hitting $250.84. 3,152,114 shares of the company's stock traded hands, compared to its average volume of 4,480,692. The firm's 50-day moving average is $235.30 and its 200-day moving average is $246.82. T-Mobile US, Inc. has a 52-week low of $192.61 and a 52-week high of $276.49. 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 company has a market capitalization of $282.30 billion, a PE ratio of 23.66, a PEG 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 the consensus estimate of $2.69 by $0.15. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The firm had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.99 billion. During the same period in the prior year, the business posted $2.49 EPS. The business's revenue for the quarter was up 6.9% compared to the same quarter last year. Equities analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Wall Street Zen lowered T-Mobile US from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. KeyCorp restated an "underweight" rating and issued a $200.00 target price on shares of T-Mobile US in a report on Wednesday, July 9th. Arete Research upgraded T-Mobile US to a "strong-buy" rating in a report on Tuesday, July 8th. Morgan Stanley raised their target price on T-Mobile US from $265.00 to $285.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Finally, Redburn Atlantic raised T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 target price for the company in a research report on Monday, July 7th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, T-Mobile US presently has a consensus rating of "Moderate Buy" and an average price target of $256.31.

Insider Buying and Selling

In other news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $247.58, for a total value of $17,290,987.20. Following the sale, the director owned 636,481,244 shares of the company's stock, valued at $157,580,026,389.52. The trade was a 0.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jon Freier sold 7,000 shares of the firm's stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $250.00, for a total transaction of $1,750,000.00. Following the completion of the sale, the insider owned 199,643 shares of the company's stock, valued at $49,910,750. This trade represents a 3.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,904,530 shares of company stock worth $445,006,069 in the last ninety days. 0.37% of the stock is owned by corporate 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.