Ameriprise Financial Inc. Has $669.48 Million Holdings in T-Mobile US, Inc. $TMUS

Key Points

• Ameriprise Financial Inc. reduced its stake in T-Mobile US by 9.7% during the first quarter, currently holding 2,510,116 shares valued at approx. $669.5 million.
• Several other hedge funds also adjusted their positions in T-Mobile US, with Crestwood Advisors Group increasing its holdings by 79.5% during the same period.
• T-Mobile US has announced a quarterly dividend of $0.88, representing an annual yield of 1.4%, with the ex-dividend date set for August 29th.

Ameriprise Financial Inc. lessened its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 9.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,510,116 shares of the Wireless communications provider's stock after selling 268,926 shares during the quarter. Ameriprise Financial Inc. owned about 0.22% of T-Mobile US worth $669,477,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in TMUS. Godsey & Gibb Inc. boosted its stake in shares of T-Mobile US by 139.5% during the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock worth $27,000 after acquiring an additional 60 shares in the last quarter. Stone House Investment Management LLC bought a new stake in T-Mobile US during the 1st quarter valued at approximately $29,000. TCTC Holdings LLC boosted its stake in T-Mobile US by 208.1% during the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock valued at $30,000 after purchasing an additional 77 shares during the period. Adirondack Trust Co. boosted its stake in T-Mobile US by 366.7% during the 1st quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock valued at $37,000 after purchasing an additional 110 shares during the period. Finally, City Holding Co. boosted its stake in T-Mobile US by 45.3% during the 1st quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock valued at $37,000 after purchasing an additional 43 shares during the period. Institutional investors own 42.49% of the company's stock.

Insider Activity

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction that occurred on 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 completion of the transaction, the director directly owned 647,660,844 shares of the company's stock, valued at approximately $154,195,093,739.52. This represents a 0.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders sold 2,139,050 shares of company stock valued at $504,895,827. Corporate insiders own 0.37% of the company's stock.

T-Mobile US Stock Performance

Shares of TMUS stock traded down $6.21 during mid-day trading on Friday, reaching $251.95. The stock had a trading volume of 3,984,708 shares, compared to its average volume of 3,841,946. The firm's 50 day simple moving average is $237.98 and its 200 day simple moving average is $248.02. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. T-Mobile US, Inc. has a one year low of $192.61 and a one year high of $276.49. The firm has a market cap of $283.55 billion, a PE ratio of 23.77, a P/E/G ratio of 1.38 and a beta of 0.62.

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 EPS 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 quarter last year, the company earned $2.49 EPS. The company's quarterly revenue was up 6.9% on a year-over-year basis. On average, analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be issued a $0.88 dividend. 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 1.4%. T-Mobile US's dividend payout ratio is presently 33.21%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. JPMorgan Chase & Co. increased 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. Scotiabank upgraded T-Mobile US from a "sector perform" rating to a "sector outperform" rating and increased their target price for the company from $275.00 to $277.50 in a research note on Wednesday, April 30th. Arete Research upgraded T-Mobile US to a "strong-buy" rating in a research note on Tuesday, July 8th. Rothschild & Co Redburn upgraded T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 target price for the company in a research note on Monday, July 7th. Finally, Royal Bank Of Canada increased 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. Three research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average 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.