Cyrus J. Lawrence LLC Sells 62,185 Shares of T-Mobile US, Inc. $TMUS

Key Points

• Cyrus J. Lawrence LLC significantly reduced its stake in T-Mobile US, Inc. by 94.0% in the first quarter, now holding only 3,962 shares, valued at approximately $1.06 million.
• Wall Street analysts have a positive outlook on T-Mobile US, with a consensus rating of "Moderate Buy" and an average price target of $256.31.
• The company reported a 6.9% increase in quarterly revenue compared to the previous year, with earnings per share beating estimates at $2.84.

Cyrus J. Lawrence LLC decreased its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 94.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,962 shares of the Wireless communications provider's stock after selling 62,185 shares during the period. T-Mobile US comprises about 4.0% of Cyrus J. Lawrence LLC's investment portfolio, making the stock its 7th biggest holding. Cyrus J. Lawrence LLC's holdings in T-Mobile US were worth $1,056,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TMUS. Activest Wealth Management lifted its position in shares of T-Mobile US by 9,400.0% during the first quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider's stock worth $25,000 after purchasing an additional 94 shares during the last quarter. Godsey & Gibb Inc. lifted its holdings in T-Mobile US by 139.5% in 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 during the last quarter. Stone House Investment Management LLC bought a new position in T-Mobile US in the first quarter worth about $29,000. TCTC Holdings LLC lifted its holdings in T-Mobile US by 208.1% in the first 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. Finally, Adirondack Trust Co. lifted its holdings in T-Mobile US by 366.7% in the first quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock worth $37,000 after acquiring an additional 110 shares during the last quarter. Institutional investors own 42.49% of the company's stock.

T-Mobile US Price Performance

Shares of NASDAQ TMUS traded up $3.90 during mid-day trading on Tuesday, reaching $255.89. 4,053,846 shares of the company traded hands, compared to its average volume of 3,743,315. T-Mobile US, Inc. has a fifty-two week low of $192.61 and a fifty-two 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 firm has a market cap of $287.98 billion, a PE ratio of 24.14, a price-to-earnings-growth ratio of 1.38 and a beta of 0.61. The stock has a fifty day simple moving average of $241.82 and a 200-day simple moving average of $247.77.

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, beating 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 business had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.99 billion. During the same quarter last year, the business earned $2.49 earnings per share. The business's revenue for the quarter was up 6.9% on a year-over-year basis. Equities research analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS 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. Investors of record on Friday, August 29th will be paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, August 29th. T-Mobile US's dividend payout ratio (DPR) is currently 33.21%.

Wall Street Analysts Forecast Growth

TMUS has been the topic of a number of recent research reports. Arete Research raised shares of T-Mobile US to a "strong-buy" rating in a report on Tuesday, July 8th. Redburn Atlantic upgraded shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price target on the stock in a research note on Monday, July 7th. Rothschild & Co Redburn upgraded shares of T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price target on the stock in a research note on Monday, July 7th. Morgan Stanley raised their price target on shares of T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Finally, JPMorgan Chase & Co. raised their price target on shares of T-Mobile US from $270.00 to $280.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, T-Mobile US presently has a consensus rating of "Moderate Buy" and a consensus target price of $258.02.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction that occurred 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 transaction, the director 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 filing with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 2,418,410 shares of company stock worth $575,342,737 in the last quarter. 0.37% of the stock is owned by company 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.