T-Mobile US, Inc. $TMUS Shares Sold by CreativeOne Wealth LLC

Key Points

• CreativeOne Wealth LLC has reduced its stake in T-Mobile US, Inc. by 56.4%, selling 5,183 shares.
• T-Mobile US reported $2.84 EPS for the last quarter, exceeding analysts' estimates of $2.69, with a revenue increase of 6.9% year over year.
• The company declared a quarterly dividend of $0.88 per share, representing an annualized yield of 1.4% with a payout ratio of 33.21%.

CreativeOne Wealth LLC reduced its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 56.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,014 shares of the Wireless communications provider's stock after selling 5,183 shares during the period. CreativeOne Wealth LLC's holdings in T-Mobile US were worth $1,071,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Godsey & Gibb Inc. raised its stake in shares of T-Mobile US by 139.5% in the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock valued at $27,000 after acquiring an additional 60 shares in the last quarter. Stone House Investment Management LLC acquired a new stake in shares of T-Mobile US in the first quarter valued at $29,000. TCTC Holdings LLC raised its stake in shares of T-Mobile US by 208.1% in the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock valued at $30,000 after acquiring an additional 77 shares in the last quarter. City Holding Co. raised its stake in shares of T-Mobile US by 45.3% in the first quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock valued at $37,000 after acquiring an additional 43 shares in the last quarter. Finally, Adirondack Trust Co. raised its stake in shares of T-Mobile US by 366.7% in the first quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock valued at $37,000 after acquiring an additional 110 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Stock Up 0.6%

TMUS opened at $251.99 on Friday. The business's 50-day simple moving average is $240.80 and its 200-day simple moving average is $248.02. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. T-Mobile US, Inc. has a one year low of $192.61 and a one year high of $276.49. The stock has a market capitalization of $283.59 billion, a P/E ratio of 23.77, a price-to-earnings-growth ratio of 1.37 and a beta of 0.62.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its earnings results 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 business had revenue of $21.13 billion for the quarter, compared to analysts' expectations of $20.99 billion. During the same quarter in the previous year, the firm earned $2.49 earnings per share. The business's revenue was up 6.9% compared to the same quarter last year. Analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be issued 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 1.4%. T-Mobile US's dividend payout ratio (DPR) is currently 33.21%.

Insider Activity

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the firm's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $238.08, for a total transaction of $16,627,507.20. Following the transaction, the director owned 647,660,844 shares of the company's stock, valued at $154,195,093,739.52. This trade represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders sold a total of 2,418,410 shares of company stock worth $575,342,737 over the last 90 days. Company insiders own 0.37% of the company's stock.

Analysts Set New Price Targets

TMUS has been the topic of several analyst reports. Wall Street Zen cut T-Mobile US from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Redburn Atlantic upgraded 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 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. Arete Research upgraded T-Mobile US to a "strong-buy" rating in a research note on Tuesday, July 8th. Finally, Morgan Stanley lifted their target price on T-Mobile US from $265.00 to $285.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Three analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, 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.

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