Scotia Capital Inc. Has $7.92 Million Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Key Points

• Scotia Capital Inc. reduced its stake in T-Mobile US by 14.7%, now holding 29,698 shares worth approximately $7.92 million after selling 5,113 shares in Q1.
• A significant number of other institutional investors increased their holdings in T-Mobile US, with Godsey & Gibb Inc. notably raising their stake by 139.5% during the same quarter.
• T-Mobile US reported earnings per share of $2.84 for the last quarter, surpassing estimates, and announced a quarterly dividend of $0.88 per share to be paid on September 11.

Scotia Capital Inc. lowered its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 14.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,698 shares of the Wireless communications provider's stock after selling 5,113 shares during the quarter. Scotia Capital Inc.'s holdings in T-Mobile US were worth $7,921,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Godsey & Gibb Inc. boosted its stake in T-Mobile US by 139.5% during the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock worth $27,000 after acquiring an additional 60 shares in the last quarter. TCTC Holdings LLC raised its holdings in shares of T-Mobile US by 208.1% in the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock worth $30,000 after acquiring an additional 77 shares during the last quarter. Adirondack Trust Co. boosted its stake in T-Mobile US by 366.7% during the 1st quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock valued at $37,000 after purchasing an additional 110 shares during the last quarter. City Holding Co. lifted its holdings 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 purchasing an additional 43 shares in the last quarter. Finally, Pinney & Scofield Inc. bought a new position in T-Mobile US during the 4th quarter valued at $39,000. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the business'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 sale, the director directly owned 647,660,844 shares of the company's stock, valued at approximately $154,195,093,739.52. The trade was a 0.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold 1,695,010 shares of company stock worth $393,849,666 over the last quarter. Company insiders own 0.37% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on TMUS shares. KeyCorp restated an "underweight" rating and issued a $200.00 target price on shares of T-Mobile US in a research note on Wednesday, July 9th. Scotiabank upgraded T-Mobile US from a "sector perform" rating to a "sector outperform" rating and increased their price objective for the stock from $275.00 to $277.50 in a report on Wednesday, April 30th. Rothschild & Co Redburn raised 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 report on Monday, July 7th. Tigress Financial boosted their target price on T-Mobile US from $290.00 to $305.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. Finally, Redburn Atlantic upgraded T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price objective for the company in a research note on Monday, July 7th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, T-Mobile US has a consensus rating of "Moderate Buy" and an average price target of $256.31.

T-Mobile US Stock Performance

T-Mobile US stock traded up $3.71 during mid-day trading on Thursday, reaching $242.93. The company had a trading volume of 3,967,992 shares, compared to its average volume of 4,354,968. The company has a 50 day moving average of $234.72 and a 200-day moving average of $245.80. The firm has a market cap of $273.40 billion, a price-to-earnings ratio of 22.92, a PEG ratio of 1.31 and a beta of 0.62. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. T-Mobile US, Inc. has a 52 week low of $190.00 and a 52 week high of $276.49.

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 earnings per share 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 analysts' expectations of $20.99 billion. During the same period in the prior year, the firm earned $2.49 earnings per share. The company's quarterly revenue was up 6.9% compared to the same quarter last year. On average, sell-side 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 announced 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. The ex-dividend date is Friday, August 29th. This represents a $3.52 annualized dividend and a yield of 1.4%. T-Mobile US's dividend payout ratio (DPR) is 33.21%.

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.