T-Mobile US, Inc. (NASDAQ:TMUS) Stock Position Decreased by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. has reduced its stake in T-Mobile US, owning 41,945,171 shares after a 0.1% decrease in the first quarter.
• T-Mobile reported a quarterly EPS of $2.84, exceeding analysts' estimates of $2.69, alongside revenue of $21.13 billion, up 6.9% year-over-year.
• The company has announced a quarterly dividend of $0.88, set to be paid on September 11th, with a dividend yield of 1.5% for shareholders.

Vanguard Group Inc. cut its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 0.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,945,171 shares of the Wireless communications provider's stock after selling 30,769 shares during the quarter. Vanguard Group Inc. owned 3.69% of T-Mobile US worth $11,187,197,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Goldman Sachs Group Inc. boosted its position in shares of T-Mobile US by 25.4% in the first quarter. Goldman Sachs Group Inc. now owns 4,172,644 shares of the Wireless communications provider's stock worth $1,112,886,000 after buying an additional 844,932 shares during the period. MGB Wealth Management LLC boosted its position in shares of T-Mobile US by 7.0% in the first quarter. MGB Wealth Management LLC now owns 3,351 shares of the Wireless communications provider's stock worth $893,000 after buying an additional 220 shares during the period. Wealthspire Advisors LLC boosted its position in shares of T-Mobile US by 66.9% in the first quarter. Wealthspire Advisors LLC now owns 21,388 shares of the Wireless communications provider's stock worth $5,704,000 after buying an additional 8,575 shares during the period. Vision Financial Markets LLC acquired a new stake in shares of T-Mobile US in the first quarter worth $107,000. Finally, Associated Banc Corp acquired a new stake in shares of T-Mobile US in the first quarter worth $4,588,000. 42.49% of the stock is owned by institutional investors.

T-Mobile US Price Performance

NASDAQ TMUS opened at $238.93 on Wednesday. T-Mobile US, Inc. has a fifty-two week low of $186.52 and a fifty-two week high of $276.49. The stock's 50-day moving average is $234.76 and its two-hundred day moving average is $245.84. 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 firm has a market cap of $268.90 billion, a P/E ratio of 22.54, a price-to-earnings-growth ratio of 1.32 and a beta of 0.62.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted 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 return on equity of 19.68% and a net margin of 14.53%. The firm's revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the company posted $2.49 earnings per share. On average, analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be paid 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 1.5%. T-Mobile US's payout ratio is presently 33.21%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TMUS. Bank of America began coverage on T-Mobile US in a research report on Monday, July 7th. They issued a "neutral" rating and a $255.00 target price for the company. Rothschild & Co Redburn raised T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 target price for the company in a research report on Monday, July 7th. KeyCorp reissued an "underweight" rating and set a $200.00 price objective on shares of T-Mobile US in a research report on Wednesday, July 9th. Wall Street Zen cut T-Mobile US from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Finally, Royal Bank Of Canada lifted their price objective on T-Mobile US from $265.00 to $270.00 and gave the company a "sector perform" rating in a research report on Friday, July 25th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $256.31.

Insider Activity at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $238.08, for a total value of $16,627,507.20. Following the transaction, the director directly owned 647,660,844 shares in the company, valued at approximately $154,195,093,739.52. The trade was a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 1,695,010 shares of company stock valued at $393,849,666 in the last 90 days. Insiders own 0.37% of the company's stock.

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.

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