T-Mobile US, Inc. $TMUS Shares Sold by AEGON ASSET MANAGEMENT UK Plc

Key Points

• AEGON ASSET MANAGEMENT UK Plc reduced its stake in T-Mobile US, Inc. by 9.8%, holding 90,451 shares worth $21.55 million following the sale of nearly 10,000 shares in the second quarter.
• T-Mobile US reported a $2.84 EPS for the last quarter, surpassing estimates and marking a 6.9% year-over-year revenue increase to $21.13 billion.
• The company declared a quarterly dividend increase to $1.02 per share, with the ex-dividend date set for November 26, representing a 1.8% dividend yield.

AEGON ASSET MANAGEMENT UK Plc lowered its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 9.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 90,451 shares of the Wireless communications provider's stock after selling 9,877 shares during the period. AEGON ASSET MANAGEMENT UK Plc's holdings in T-Mobile US were worth $21,550,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Hohimer Wealth Management LLC increased its position in shares of T-Mobile US by 2.3% during the first quarter. Hohimer Wealth Management LLC now owns 1,800 shares of the Wireless communications provider's stock worth $480,000 after purchasing an additional 41 shares in the last quarter. Journey Strategic Wealth LLC increased its position in shares of T-Mobile US by 4.2% during the first quarter. Journey Strategic Wealth LLC now owns 1,022 shares of the Wireless communications provider's stock worth $273,000 after purchasing an additional 41 shares in the last quarter. Angeles Wealth Management LLC grew its holdings in shares of T-Mobile US by 1.2% during the first quarter. Angeles Wealth Management LLC now owns 3,328 shares of the Wireless communications provider's stock worth $888,000 after buying an additional 41 shares during the last quarter. Weaver Capital Management LLC grew its holdings in shares of T-Mobile US by 0.6% during the second quarter. Weaver Capital Management LLC now owns 6,737 shares of the Wireless communications provider's stock worth $1,605,000 after buying an additional 42 shares during the last quarter. Finally, Bank of Stockton grew its holdings in shares of T-Mobile US by 1.2% during the second quarter. Bank of Stockton now owns 3,802 shares of the Wireless communications provider's stock worth $906,000 after buying an additional 44 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company's stock.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $229.42 on Wednesday. The business's 50 day simple moving average is $242.85 and its 200-day simple moving average is $242.34. The firm has a market capitalization of $258.19 billion, a price-to-earnings ratio of 21.64, a price-to-earnings-growth ratio of 1.54 and a beta of 0.59. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.13. T-Mobile US, Inc. has a 12 month low of $208.39 and a 12 month high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, topping the consensus estimate 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 company's quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.49 EPS. As a group, equities analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be paid a dividend of $1.02 per share. This is a positive change from T-Mobile US's previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $4.08 annualized dividend and a dividend yield of 1.8%. T-Mobile US's dividend payout ratio is presently 33.21%.

Insider Activity at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 64,426 shares of the business's stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of $226.15, for a total transaction of $14,569,939.90. Following the sale, the director owned 627,846,473 shares of the company's stock, valued at $141,987,479,868.95. The trade was a 0.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders sold 2,418,333 shares of company stock worth $584,293,759. 0.37% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on TMUS. Morgan Stanley raised their price target on T-Mobile US from $265.00 to $285.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Rothschild & Co Redburn raised T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price target on the stock in a report on Monday, July 7th. Benchmark lifted their price objective on T-Mobile US from $275.00 to $295.00 and gave the company a "buy" rating in a report on Friday, October 10th. Bank of America initiated coverage on T-Mobile US in a report on Monday, July 7th. They issued a "neutral" rating and a $255.00 price objective on the stock. Finally, JPMorgan Chase & Co. lifted their price objective on T-Mobile US from $280.00 to $300.00 and gave the company an "overweight" rating in a report on Tuesday, September 30th. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, T-Mobile US has a consensus rating of "Moderate Buy" and an average price target of $265.13.

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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