Mn Services Vermogensbeheer B.V. Sells 19,900 Shares of T-Mobile US, Inc. $TMUS

Key Points

• Mn Services Vermogensbeheer B.V. reduced its stake in T-Mobile US shares by 10.4%, resulting in ownership of 170,700 shares valued at approximately $40.67 million.
• T-Mobile US reported earnings per share (EPS) of $2.84 for the last quarter, exceeding expectations of $2.69, along with a revenue of $21.13 billion.
• Analysts have mixed ratings on T-Mobile US, with a moderate buy consensus and target price averaging around $258.02.

Mn Services Vermogensbeheer B.V. cut its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 10.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 170,700 shares of the Wireless communications provider's stock after selling 19,900 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in T-Mobile US were worth $40,671,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in TMUS. Activest Wealth Management lifted its stake in shares of T-Mobile US by 9,400.0% in the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider's stock worth $25,000 after acquiring an additional 94 shares during the period. Godsey & Gibb Inc. raised its position in T-Mobile US by 139.5% during the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock worth $27,000 after acquiring an additional 60 shares during the last quarter. Stone House Investment Management LLC acquired a new position in T-Mobile US during the first quarter worth about $29,000. TCTC Holdings LLC grew its holdings in shares of T-Mobile US by 208.1% during the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock worth $30,000 after buying an additional 77 shares in the last quarter. Finally, Adirondack Trust Co. grew its holdings in shares of T-Mobile US by 366.7% during the first quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock worth $37,000 after buying an additional 110 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company's stock.

Insider Buying and Selling

In other T-Mobile US 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 transaction of $16,627,507.20. Following the transaction, the director owned 647,660,844 shares in the company, valued at $154,195,093,739.52. This trade represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold a total of 2,606,300 shares of company stock worth $627,710,011 in the last 90 days. Company insiders own 0.37% of the company's stock.

T-Mobile US Trading Down 0.3%

TMUS stock traded down $0.62 during mid-day trading on Monday, reaching $237.55. 4,684,330 shares of the stock traded hands, compared to its average volume of 3,938,651. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33. T-Mobile US, Inc. has a 52-week low of $198.69 and a 52-week high of $276.49. The company has a market cap of $267.35 billion, a P/E ratio of 22.41, a P/E/G ratio of 1.31 and a beta of 0.61. The stock's fifty day moving average is $244.07 and its 200-day moving average is $245.35.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.69 by $0.15. The business had revenue of $21.13 billion during the quarter, compared to analyst estimates of $20.99 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The firm's revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.49 earnings per share. As a group, sell-side analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 1.7%. This is a boost from T-Mobile US's previous quarterly dividend of $0.88. The ex-dividend date is Wednesday, November 26th. T-Mobile US's dividend payout ratio is 33.21%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of T-Mobile US from $270.00 to $280.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Royal Bank Of Canada boosted their target price on shares of T-Mobile US from $265.00 to $270.00 and gave the stock a "sector perform" rating in a research report on Friday, July 25th. The Goldman Sachs Group started coverage on shares of T-Mobile US in a research report on Tuesday, September 2nd. They set a "buy" rating and a $286.00 target price on the stock. Rothschild & Co Redburn raised shares of 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. Finally, Redburn Atlantic raised shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price target on the stock in a report on Monday, July 7th. Three research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $258.02.

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.