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

Key Points

• Signaturefd LLC reduced its stake in T-Mobile US, Inc. by 10.2%, owning 10,663 shares worth $2,541,000 after selling 1,205 shares in the second quarter.
• T-Mobile reported earnings of $2.84 per share for the last quarter, exceeding expectations, with revenue of $21.13 billion, a 6.9% increase year-over-year.
• The company declared a quarterly dividend increase to $1.02 per share, with an ex-dividend date of November 26th, reflecting a boost from the previous dividend of $0.88.

Signaturefd LLC trimmed its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 10.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,663 shares of the Wireless communications provider's stock after selling 1,205 shares during the period. Signaturefd LLC's holdings in T-Mobile US were worth $2,541,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Activest Wealth Management increased its stake in shares of T-Mobile US by 9,400.0% in the first quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider's stock worth $25,000 after buying an additional 94 shares during the last quarter. Godsey & Gibb Inc. grew its holdings in 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. Missouri Trust & Investment Co increased its position in shares of T-Mobile US by 807.7% in the 2nd quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider's stock worth $28,000 after purchasing an additional 105 shares during the last quarter. Stone House Investment Management LLC acquired a new stake in shares of T-Mobile US in the 1st quarter valued at about $29,000. Finally, TCTC Holdings LLC lifted its position 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 purchasing an additional 77 shares during the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

T-Mobile US Trading Down 0.2%

Shares of NASDAQ:TMUS opened at $237.47 on Friday. The company has a 50 day moving average of $244.96 and a 200-day moving average of $244.85. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33. The firm has a market cap of $267.25 billion, a P/E ratio of 22.40, a P/E/G ratio of 1.30 and a beta of 0.61. T-Mobile US, Inc. has a twelve month low of $202.77 and a twelve month high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, topping analysts' consensus estimates of $2.69 by $0.15. The firm had revenue of $21.13 billion during the quarter, compared to the consensus estimate of $20.99 billion. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The firm's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.49 earnings per share. As a group, analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be given a $1.02 dividend. 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 (DPR) is presently 38.49%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Morgan Stanley increased their target price on T-Mobile US from $265.00 to $285.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Redburn Atlantic upgraded T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price objective on the stock in a research note on Monday, July 7th. JPMorgan Chase & Co. lifted their price objective on shares of T-Mobile US from $270.00 to $280.00 and gave the stock 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 company a "sector perform" rating in a research note on Friday, July 25th. Finally, The Goldman Sachs Group initiated coverage on shares of T-Mobile US in a research report on Tuesday, September 2nd. They issued a "buy" rating and a $286.00 price target on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $258.02.

Insiders Place Their Bets

In other news, Director Telekom Ag Deutsche sold 64,426 shares of the firm's stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $238.98, for a total transaction of $15,396,525.48. Following the completion of the transaction, the director owned 634,305,918 shares in the company, valued at approximately $151,586,428,283.64. This trade represents a 0.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Over the last three months, insiders have sold 2,595,472 shares of company stock valued at $625,997,723. 0.37% of the stock is currently owned by corporate insiders.

T-Mobile US 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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