T-Mobile US, Inc. $TMUS Shares Sold by Dodge & Cox

Key Points

• Dodge & Cox has decreased its stake in T-Mobile US by 37.8%, selling 3,550,128 shares in the first quarter.
• CEO G Michael Sievert sold 22,500 shares at an average price of $255.58, resulting in a 5.90% decrease in his ownership of the company.
• T-Mobile US recently announced a quarterly dividend of $0.88, effective September 11th, with an annualized yield of 1.4%.

Dodge & Cox cut its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 37.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,832,553 shares of the Wireless communications provider's stock after selling 3,550,128 shares during the quarter. Dodge & Cox owned approximately 0.51% of T-Mobile US worth $1,555,600,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Godsey & Gibb Inc. boosted its position in shares of T-Mobile US by 139.5% in the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock valued at $27,000 after purchasing an additional 60 shares during the period. Stone House Investment Management LLC acquired a new stake in shares of T-Mobile US in the 1st quarter valued at about $29,000. TCTC Holdings LLC boosted its position in shares of T-Mobile US by 208.1% in 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. City Holding Co. boosted its position in shares of T-Mobile US by 45.3% in 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. Finally, Adirondack Trust Co. boosted its position in shares of T-Mobile US by 366.7% in 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. 42.49% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TMUS has been the subject of a number of research analyst reports. Royal Bank Of Canada upped their target price on T-Mobile US from $265.00 to $270.00 and gave the company a "sector perform" rating in a research report on Friday, July 25th. Morgan Stanley increased their price objective 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. Rothschild & Co Redburn raised T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price objective for the company in a research report on Monday, July 7th. KeyCorp reaffirmed an "underweight" rating and set a $200.00 price objective on shares of T-Mobile US in a research report on Wednesday, July 9th. Finally, Bank of America initiated coverage on T-Mobile US in a research report on Monday, July 7th. They set a "neutral" rating and a $255.00 price objective for the company. 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. According to MarketBeat, T-Mobile US has an average rating of "Moderate Buy" and a consensus price target of $256.31.

Insider Activity

In related news, CEO G Michael Sievert sold 22,500 shares of T-Mobile US stock in a transaction on Monday, August 18th. The stock was sold at an average price of $255.58, for a total transaction of $5,750,550.00. Following the completion of the transaction, the chief executive officer directly owned 358,722 shares of the company's stock, valued at approximately $91,682,168.76. The trade was a 5.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Michael J. Katz sold 2,500 shares of T-Mobile US stock in a transaction on Friday, August 15th. The stock was sold at an average price of $251.12, for a total value of $627,800.00. Following the transaction, the insider directly owned 158,703 shares of the company's stock, valued at approximately $39,853,497.36. This represents a 1.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,139,050 shares of company stock valued at $504,895,827 in the last three months. 0.37% of the stock is currently owned by company insiders.

T-Mobile US Stock Down 2.4%

TMUS opened at $251.95 on Friday. 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 business has a 50 day simple moving average of $237.98 and a 200-day simple moving average of $247.97. The stock has a market capitalization of $283.55 billion, a P/E ratio of 23.77, a P/E/G ratio of 1.41 and a beta of 0.62. T-Mobile US, Inc. has a 12 month low of $192.61 and a 12 month high of $276.49.

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 EPS for the quarter, beating the consensus estimate of $2.69 by $0.15. The business had revenue of $21.13 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period last year, the firm earned $2.49 EPS. On average, equities analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently declared 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. This represents a $3.52 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's dividend payout ratio (DPR) is currently 33.21%.

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.

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