T-Mobile US, Inc. $TMUS Shares Sold by Versor Investments LP

Key Points

• Versor Investments LP reduced its holdings in T-Mobile US by 35.9%, selling 2,109 shares to hold a total of 3,765 shares valued at approximately $1,004,000.
• T-Mobile US reported earnings per share of $2.84 for the last quarter, exceeding analyst expectations by $0.15, with revenue reaching $21.13 billion.
• The company announced a quarterly dividend of $0.88 per share, with a payment date set for September 11th, indicating an annualized yield of 1.4%.

Versor Investments LP lowered its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 35.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 3,765 shares of the Wireless communications provider's stock after selling 2,109 shares during the period. Versor Investments LP's holdings in T-Mobile US were worth $1,004,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. FCG Investment Co bought a new position in shares of T-Mobile US during the first quarter worth about $1,584,000. Northwest & Ethical Investments L.P. grew its position in T-Mobile US by 42.0% in the 1st quarter. Northwest & Ethical Investments L.P. now owns 38,158 shares of the Wireless communications provider's stock valued at $10,177,000 after buying an additional 11,284 shares in the last quarter. Roberts Capital Advisors LLC bought a new position in T-Mobile US in the 1st quarter valued at about $1,209,000. Tyler Stone Wealth Management bought a new position in T-Mobile US in the 1st quarter valued at about $217,000. Finally, Redmond Asset Management LLC boosted its position in shares of T-Mobile US by 1.5% during the 1st quarter. Redmond Asset Management LLC now owns 10,888 shares of the Wireless communications provider's stock valued at $2,904,000 after purchasing an additional 160 shares in the last quarter. Institutional investors own 42.49% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on TMUS shares. Scotiabank upgraded shares of T-Mobile US from a "sector perform" rating to a "sector outperform" rating and raised their price objective for the company from $275.00 to $277.50 in a research report on Wednesday, April 30th. KeyCorp restated an "underweight" rating and set a $200.00 price objective on shares of T-Mobile US in a research report on Wednesday, July 9th. Arete Research upgraded shares of T-Mobile US to a "strong-buy" rating in a research report on Tuesday, July 8th. Morgan Stanley raised their price objective on shares of T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Finally, Wall Street Zen lowered shares of T-Mobile US from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $256.31.

T-Mobile US Price Performance

NASDAQ TMUS opened at $255.18 on Tuesday. The company has a 50 day simple moving average of $235.93 and a 200-day simple moving average of $247.58. 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 firm has a market capitalization of $287.18 billion, a price-to-earnings ratio of 24.07, a price-to-earnings-growth ratio of 1.39 and a beta of 0.62. T-Mobile US, Inc. has a 52-week low of $192.61 and a 52-week 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 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. Equities research analysts predict 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 disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's dividend payout ratio (DPR) is presently 33.21%.

Insiders Place Their Bets

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The shares were 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 approximately $154,195,093,739.52. This trade represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 1,974,370 shares of company stock worth $462,526,830 over the last 90 days. 0.37% of the stock is currently owned by company 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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