TD Asset Management Inc Has $592.88 Million Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Key Points

• TD Asset Management Inc reduced its stake in T-Mobile US by 4.6%, owning approximately 2.22 million shares valued at $592.88 million following the sale of 106,024 shares.
• T-Mobile US has experienced various changes in institutional ownership, with several firms, including New Age Alpha Advisors LLC, significantly increasing their stakes in the company during the 4th quarter.
• The company announced a quarterly dividend of $0.88 per share, resulting in an annualized dividend yield of 1.45%, with a dividend payout ratio of 33.21%.

TD Asset Management Inc reduced its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 4.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 2,222,955 shares of the Wireless communications provider's stock after selling 106,024 shares during the period. TD Asset Management Inc owned about 0.20% of T-Mobile US worth $592,884,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Godsey & Gibb Inc. lifted its holdings in shares of T-Mobile US by 139.5% during the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock valued at $27,000 after acquiring an additional 60 shares in the last quarter. Adirondack Trust Co. increased its stake in T-Mobile US by 366.7% during the 1st quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock worth $37,000 after buying an additional 110 shares during the period. City Holding Co. increased its stake in T-Mobile US by 45.3% during the 1st quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock worth $37,000 after buying an additional 43 shares during the period. Pinney & Scofield Inc. purchased a new stake in T-Mobile US during the 4th quarter worth $39,000. Finally, 10Elms LLP bought a new stake in shares of T-Mobile US in the 4th quarter worth about $42,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS traded up $2.18 during trading on Wednesday, reaching $241.43. The company had a trading volume of 1,352,696 shares, compared to its average volume of 4,354,563. The firm's fifty day moving average is $235.03 and its 200 day moving average is $245.00. The firm has a market capitalization of $271.71 billion, a PE ratio of 22.76, a price-to-earnings-growth ratio of 1.31 and a beta of 0.62. T-Mobile US, Inc. has a twelve month low of $176.89 and a twelve month high of $276.49. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly 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 company 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 business'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 business posted $2.49 EPS. On average, equities analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.46%. T-Mobile US's payout ratio is currently 33.21%.

Insider Buying and Selling

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the business's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $238.61, for a total value of $16,664,522.40. Following the sale, the director directly owned 646,613,244 shares in the company, valued at $154,288,386,150.84. The trade was a 0.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jon Freier sold 7,000 shares of the business's stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $250.00, for a total transaction of $1,750,000.00. Following the completion of the sale, the insider owned 199,643 shares in the company, valued at $49,910,750. The trade was a 3.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,473,190 shares of company stock worth $340,769,943 over the last quarter. Insiders own 0.37% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Bank of America assumed coverage on shares of T-Mobile US in a research report on Monday, July 7th. They issued a "neutral" rating and a $255.00 target price for the company. Wall Street Zen downgraded shares of T-Mobile US from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Arete Research raised shares of T-Mobile US to a "strong-buy" rating in a research report on Tuesday, July 8th. Tigress Financial boosted their price objective on shares of T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. Finally, Morgan Stanley boosted 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. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, T-Mobile US presently has a consensus rating of "Moderate Buy" and a consensus target price of $256.31.

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.