T-Mobile US, Inc. (NASDAQ:TMUS) Stock Position Lessened by New Age Alpha Advisors LLC

Key Points

• New Age Alpha Advisors LLC reduced its holdings in T-Mobile US by 26.8% in the first quarter, now owning 42,295 shares valued at approximately $11.28 million.
• T-Mobile US reported quarterly earnings of $2.84 per share, exceeding analysts' estimates, and achieved revenue of $21.13 billion, representing a 6.9% year-over-year increase.
• The company has declared a quarterly dividend of $0.88 per share, which will be paid on September 11th, representing an annualized yield of 1.5%.

New Age Alpha Advisors LLC decreased its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 26.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 42,295 shares of the Wireless communications provider's stock after selling 15,456 shares during the quarter. T-Mobile US accounts for approximately 0.5% of New Age Alpha Advisors LLC's holdings, making the stock its 26th largest position. New Age Alpha Advisors LLC's holdings in T-Mobile US were worth $11,280,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Invesco Ltd. grew its stake in shares of T-Mobile US by 4.6% in the fourth quarter. Invesco Ltd. now owns 8,809,417 shares of the Wireless communications provider's stock worth $1,944,503,000 after purchasing an additional 384,956 shares in the last quarter. Capital International Investors boosted its stake in T-Mobile US by 36.2% during the fourth quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider's stock valued at $1,440,424,000 after buying an additional 1,734,998 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in T-Mobile US by 85.5% during the fourth quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider's stock valued at $1,329,919,000 after buying an additional 2,777,657 shares in the last quarter. Northern Trust Corp boosted its stake in T-Mobile US by 13.8% during the fourth quarter. Northern Trust Corp now owns 5,325,541 shares of the Wireless communications provider's stock valued at $1,175,507,000 after buying an additional 645,892 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in T-Mobile US by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,084,830 shares of the Wireless communications provider's stock valued at $901,643,000 after buying an additional 25,667 shares in the last quarter. Institutional investors own 42.49% of the company's stock.

T-Mobile US Stock Up 1.6%

TMUS opened at $241.01 on Tuesday. T-Mobile US, Inc. has a fifty-two week low of $185.39 and a fifty-two week high of $276.49. The business has a 50-day moving average of $234.85 and a 200-day moving average of $245.89. 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 $271.24 billion, a PE ratio of 22.74, a price-to-earnings-growth ratio of 1.30 and a beta of 0.62.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings results 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 return on equity of 19.68% and a net margin of 14.53%. The company had revenue of $21.13 billion during the quarter, compared to the consensus estimate of $20.99 billion. During the same period last year, the business earned $2.49 EPS. The business's quarterly revenue was up 6.9% on a year-over-year basis. Equities research analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be paid a dividend of $0.88 per share. The ex-dividend date of this dividend 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 dividend payout ratio (DPR) is 33.21%.

Insider Transactions at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the firm's stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $241.08, for a total transaction of $16,837,027.20. Following the completion of the sale, the director directly owned 646,473,564 shares of the company's stock, valued at $155,851,846,809.12. This trade represents a 0.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jon Freier sold 7,000 shares of the firm's stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $250.00, for a total value of $1,750,000.00. Following the sale, the insider directly owned 199,643 shares of the company's stock, valued at $49,910,750. This trade represents a 3.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,555,330 shares of company stock valued at $360,568,811 in the last three months. Corporate insiders own 0.37% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on TMUS. Arete Research raised T-Mobile US to a "strong-buy" rating in a research note on Tuesday, July 8th. JPMorgan Chase & Co. raised their target price on T-Mobile US from $270.00 to $280.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Royal Bank Of Canada raised their target price on T-Mobile US from $265.00 to $270.00 and gave the company a "sector perform" rating in a research note on Friday, July 25th. 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 report on Monday, July 7th. Finally, Tigress Financial upped their target price on T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, T-Mobile US presently has a consensus rating of "Moderate Buy" and an average target price of $256.31.

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.

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