Steamboat Capital Partners LLC Cuts Stake in T-Mobile US, Inc. $TMUS

Key Points

• Steamboat Capital Partners LLC reduced its stake in T-Mobile US by 6.3%, owning 40,000 shares worth approximately $10.67 million as of the latest SEC filing.
• Research analysts have mixed views on T-Mobile US, with JPMorgan Chase and Morgan Stanley setting their price targets at $280 and $285, respectively, while others maintain lower targets.
• The company recently declared a $0.88 quarterly dividend, reflecting an annualized yield of 1.4%, with a payout ratio of 33.21%.

Steamboat Capital Partners LLC cut its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 6.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,000 shares of the Wireless communications provider's stock after selling 2,669 shares during the quarter. T-Mobile US comprises 3.2% of Steamboat Capital Partners LLC's investment portfolio, making the stock its 12th biggest holding. Steamboat Capital Partners LLC's holdings in T-Mobile US were worth $10,668,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Activest Wealth Management boosted its position in shares of T-Mobile US by 9,400.0% during the first quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider's stock valued at $25,000 after purchasing an additional 94 shares in the last quarter. Godsey & Gibb Inc. boosted its position in shares of T-Mobile US by 139.5% during the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock valued at $27,000 after purchasing an additional 60 shares in the last quarter. Stone House Investment Management LLC bought a new stake in shares of T-Mobile US during the first quarter valued at approximately $29,000. TCTC Holdings LLC boosted 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 valued at $30,000 after purchasing an additional 77 shares in the last quarter. Finally, Adirondack Trust Co. boosted its position 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 valued at $37,000 after purchasing an additional 110 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Stock Performance

Shares of NASDAQ TMUS traded up $3.90 during midday trading on Tuesday, hitting $255.89. 4,053,846 shares of the company's stock traded hands, compared to its average volume of 3,743,315. T-Mobile US, Inc. has a 1 year low of $192.61 and a 1 year high of $276.49. The stock has a market capitalization of $287.98 billion, a price-to-earnings ratio of 24.14, a price-to-earnings-growth ratio of 1.38 and a beta of 0.61. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. The firm has a fifty day moving average of $241.82 and a 200 day moving average of $247.77.

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

T-Mobile US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be given a $0.88 dividend. The ex-dividend date is Friday, August 29th. This represents a $3.52 dividend on an annualized basis and a yield of 1.4%. T-Mobile US's dividend payout ratio is presently 33.21%.

Analyst Ratings Changes

TMUS has been the topic of several research reports. JPMorgan Chase & Co. lifted their price target on T-Mobile US from $270.00 to $280.00 and gave the company an "overweight" rating in a research 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 for the company in a research note on Monday, July 7th. The Goldman Sachs Group started coverage on T-Mobile US in a report on Tuesday. They issued a "buy" rating and a $286.00 target price on the stock. Royal Bank Of Canada boosted their target price on T-Mobile US from $265.00 to $270.00 and gave the stock a "sector perform" rating in a report on Friday, July 25th. Finally, Arete Research raised T-Mobile US to a "strong-buy" rating in a report on Tuesday, July 8th. Three analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, T-Mobile US currently has a consensus rating of "Moderate Buy" and an average target price of $258.02.

Insiders Place Their Bets

In other T-Mobile US news, CEO G Michael Sievert sold 22,500 shares of the company's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $255.58, for a total value of $5,750,550.00. Following the completion of the sale, the chief executive officer owned 358,722 shares in the company, valued at $91,682,168.76. This represents a 5.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Michael J. Katz sold 2,500 shares of the company's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $251.12, for a total value of $627,800.00. Following the completion of the sale, the insider owned 158,703 shares of the company's stock, valued at approximately $39,853,497.36. The trade was a 1.55% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,418,410 shares of company stock worth $575,342,737 over the last quarter. 0.37% of the stock is currently owned by corporate insiders.

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.