T-Mobile US, Inc. $TMUS Stake Lowered by BDF Gestion

Key Points

• BDF Gestion cut its T-Mobile US stake by 57% in the third quarter, selling 9,707 shares and retaining 7,330 shares valued at approximately $1.2 million.
• Institutional ownership activity was mixed, with several investors increasing their positions; institutions collectively owned 42.49% of T-Mobile US, while insiders owned 0.32%.
• T-Mobile US raised its quarterly dividend to $1.17 per share, or $4.68 annually, representing a 3.0% yield. Analysts maintained a consensus “Moderate Buy” rating with an average price target of $244.65.

BDF Gestion trimmed its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 57.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,330 shares of the Wireless communications provider's stock after selling 9,707 shares during the period. BDF Gestion's holdings in T-Mobile US were worth $1,195,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Cottage Street Advisors LLC raised its position in shares of T-Mobile US by 13.0% during the 3rd quarter. Cottage Street Advisors LLC now owns 1,357 shares of the Wireless communications provider's stock valued at $221,000 after acquiring an additional 156 shares during the last quarter. IFP Advisors Inc lifted its stake in shares of T-Mobile US by 7.6% in the 3rd quarter. IFP Advisors Inc now owns 5,126 shares of the Wireless communications provider's stock valued at $836,000 after purchasing an additional 360 shares during the period. Dynamic Wealth Strategies LLC boosted its position in shares of T-Mobile US by 7.9% in the 3rd quarter. Dynamic Wealth Strategies LLC now owns 1,024 shares of the Wireless communications provider's stock worth $167,000 after purchasing an additional 75 shares during the last quarter. McKinley Carter Wealth Services Inc. boosted its position in shares of T-Mobile US by 14.2% in the 3rd quarter. McKinley Carter Wealth Services Inc. now owns 8,443 shares of the Wireless communications provider's stock worth $1,377,000 after purchasing an additional 1,050 shares during the last quarter. Finally, St. Louis Financial Planners Asset Management LLC acquired a new stake in shares of T-Mobile US during the third quarter worth $373,000. 42.49% of the stock is owned by institutional investors.

Insider Buying and Selling at T-Mobile US

In other news, CAO Daniel James Drobac sold 772 shares of the company's stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $178.33, for a total value of $137,670.76. Following the completion of the transaction, the chief accounting officer owned 35,118 shares in the company, valued at $6,262,592.94. This represents a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.32% of the stock is owned by company insiders.

T-Mobile US Trading Down 1.9%

NASDAQ:TMUS opened at $156.09 on Tuesday. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.92 and a quick ratio of 0.83. The business's 50-day simple moving average is $172.47 and its 200-day simple moving average is $181.81. T-Mobile US, Inc. has a fifty-two week low of $147.90 and a fifty-two week high of $230.54. The stock has a market capitalization of $167.43 billion, a PE ratio of 16.34, a price-to-earnings-growth ratio of 0.99 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.59 by $0.40. The business had revenue of $22.79 billion during the quarter, compared to analysts' expectations of $22.95 billion. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%. T-Mobile US's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the prior year, the business earned $2.84 EPS. Sell-side analysts expect that T-Mobile US, Inc. will post 11.17 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 25th will be issued a $1.17 dividend. This represents a $4.68 annualized dividend and a dividend yield of 3.0%. This is a boost from T-Mobile US's previous quarterly dividend of $1.02. The ex-dividend date is Wednesday, November 25th. T-Mobile US's dividend payout ratio is currently 42.72%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Benchmark dropped their price objective on T-Mobile US from $295.00 to $280.00 and set a "buy" rating for the company in a report on Friday, July 24th. Weiss Ratings restated a "hold (c)" rating on shares of T-Mobile US in a report on Friday, September 11th. Sanford C. Bernstein restated a "neutral" rating on shares of T-Mobile US in a research report on Monday, September 28th. UBS Group decreased their target price on T-Mobile US from $255.00 to $235.00 and set a "buy" rating for the company in a research report on Friday, July 24th. Finally, Royal Bank Of Canada lowered their price target on T-Mobile US from $240.00 to $230.00 and set an "outperform" rating for the company in a research note on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $244.65.

T-Mobile US Profile

T-Mobile US, Inc NASDAQ: TMUS is a wireless communications company that provides mobile voice, messaging and data services to consumers, businesses and government customers in the United States, Puerto Rico and the U.S. Virgin Islands. Its offerings include postpaid and prepaid wireless plans, connected devices, broadband internet and other communications services.

The company operates a nationwide wireless network, including 5G services, and sells smartphones, tablets, connected devices and related accessories through retail stores, online channels and third-party distributors.

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