T-Mobile US, Inc. $TMUS Shares Sold by MASTERINVEST Kapitalanlage GmbH

Key Points

• MASTERINVEST Kapitalanlage GmbH cut its T-Mobile US stake by 34.7% in the first quarter, selling 5,922 shares and leaving it with 11,137 shares valued at about $2.34 million.
• T-Mobile reported stronger-than-expected quarterly results, posting $2.27 EPS versus estimates of $2.01 and revenue of $23.11 billion, up 10.6% from a year earlier.
• Analyst sentiment remains positive overall, with an average rating of Moderate Buy and an average price target of $255.76; the company also announced a $1.02 quarterly dividend yielding about 2.2%.

MASTERINVEST Kapitalanlage GmbH trimmed its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 34.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,137 shares of the Wireless communications provider's stock after selling 5,922 shares during the quarter. MASTERINVEST Kapitalanlage GmbH's holdings in T-Mobile US were worth $2,339,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in T-Mobile US in the fourth quarter valued at $1,335,918,000. Price T Rowe Associates Inc. MD raised its position in shares of T-Mobile US by 30.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,795,065 shares of the Wireless communications provider's stock worth $5,643,511,000 after acquiring an additional 6,516,968 shares during the period. Dodge & Cox boosted its stake in shares of T-Mobile US by 65.2% during the 4th quarter. Dodge & Cox now owns 6,185,972 shares of the Wireless communications provider's stock worth $1,256,000,000 after acquiring an additional 2,442,450 shares in the last quarter. Viking Global Investors LP boosted its stake in shares of T-Mobile US by 81.7% during the 2nd quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider's stock worth $677,925,000 after acquiring an additional 1,279,422 shares in the last quarter. Finally, Amundi grew its position in shares of T-Mobile US by 44.6% during the 3rd quarter. Amundi now owns 4,109,084 shares of the Wireless communications provider's stock valued at $924,380,000 after acquiring an additional 1,266,808 shares during the period. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on TMUS shares. The Goldman Sachs Group reaffirmed a "buy" rating on shares of T-Mobile US in a report on Wednesday, April 29th. Citigroup raised their price objective on T-Mobile US from $220.00 to $225.00 and gave the company a "neutral" rating in a report on Tuesday, March 17th. Wall Street Zen upgraded T-Mobile US from a "sell" rating to a "hold" rating in a research report on Saturday, May 2nd. Sanford C. Bernstein reaffirmed a "neutral" rating on shares of T-Mobile US in a research note on Wednesday, April 22nd. Finally, Oppenheimer upgraded T-Mobile US from a "market perform" rating to an "outperform" rating and set a $260.00 target price on the stock in a research report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $255.76.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, COO Jon Freier sold 4,799 shares of the firm's stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $190.00, for a total value of $911,810.00. Following the transaction, the chief operating officer owned 217,168 shares in the company, valued at approximately $41,261,920. This trade represents a 2.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael J. Katz sold 5,000 shares of the firm's stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $195.81, for a total transaction of $979,050.00. Following the completion of the transaction, the insider directly owned 181,930 shares in the company, valued at approximately $35,623,713.30. This represents a 2.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.32% of the stock is currently owned by insiders.

T-Mobile US Price Performance

NASDAQ:TMUS opened at $187.13 on Wednesday. T-Mobile US, Inc. has a 12 month low of $165.66 and a 12 month high of $261.56. The stock has a 50 day moving average of $185.09 and a two-hundred day moving average of $196.42. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.58. The firm has a market cap of $202.51 billion, a P/E ratio of 19.91, a price-to-earnings-growth ratio of 1.11 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 EPS for the quarter, beating analysts' consensus estimates of $2.01 by $0.26. The business had revenue of $23.11 billion during the quarter, compared to analysts' expectations of $22.98 billion. T-Mobile US had a return on equity of 19.47% and a net margin of 11.65%.The business's revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.58 earnings per share. On average, analysts expect that T-Mobile US, Inc. will post 10.65 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 28th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Friday, August 28th. T-Mobile US's dividend payout ratio is currently 43.40%.

T-Mobile US Company Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.

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