Scotia Capital Inc. Cuts 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. cut its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 14.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund 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 SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Godsey & Gibb Inc. lifted its position in T-Mobile US by 139.5% in the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock valued at $27,000 after acquiring an additional 60 shares in the last quarter. TCTC Holdings LLC grew its stake in T-Mobile US by 208.1% in the 1st 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 last quarter. Adirondack Trust Co. grew its stake in T-Mobile US by 366.7% in the 1st 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 last quarter. City Holding Co. grew its stake in T-Mobile US by 45.3% in the 1st 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 last quarter. Finally, Pinney & Scofield Inc. acquired a new position in shares of T-Mobile US during the 4th quarter worth approximately $39,000. 42.49% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TMUS has been the subject of a number of recent analyst reports. Rothschild & Co Redburn raised shares of T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price target for the company in a report on Monday, July 7th. Tigress Financial upped their price target on shares of T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. Bank of America began coverage on shares of T-Mobile US in a research report on Monday, July 7th. They set a "neutral" rating and a $255.00 price objective for the company. JPMorgan Chase & Co. raised their price target 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. Finally, Wall Street Zen lowered shares of T-Mobile US from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $256.31.

T-Mobile US Price Performance

T-Mobile US stock traded up $3.81 during mid-day trading on Monday, hitting $241.01. 3,754,151 shares of the company traded hands, compared to its average volume of 4,254,532. T-Mobile US, Inc. has a one year low of $185.39 and a one year high of $276.49. The stock has a market cap of $271.24 billion, a price-to-earnings ratio of 22.74, a price-to-earnings-growth ratio of 1.30 and a beta of 0.62. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. The stock has a fifty day moving average price of $234.85 and a 200-day moving average price of $245.89.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $20.99 billion. During the same period in the previous year, the business posted $2.49 EPS. The business's quarterly revenue was up 6.9% on a year-over-year basis. On average, equities analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

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

Insider Transactions at T-Mobile US

In other T-Mobile US 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 transaction of $16,627,507.20. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 insiders.

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.