Tran Capital Management L.P. Sells 1,309 Shares of T-Mobile US, Inc. $TMUS

Key Points

• Tran Capital Management L.P. reduced its holdings in T-Mobile US, selling 1,309 shares, bringing its total to 109,126 shares, valued at approximately $26 million.
• T-Mobile US recently announced a quarterly dividend of $1.02 per share, representing an increase from its previous dividend and contributing to a 1.7% yield.
• Shares of T-Mobile US traded at $238.17, with a market capitalization of $268.04 billion, and the company reported $2.84 earnings per share for the last quarter, surpassing estimates.

Tran Capital Management L.P. lowered its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 1.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 109,126 shares of the Wireless communications provider's stock after selling 1,309 shares during the period. T-Mobile US comprises about 3.1% of Tran Capital Management L.P.'s investment portfolio, making the stock its 14th biggest position. Tran Capital Management L.P.'s holdings in T-Mobile US were worth $26,000,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Wellington Management Group LLP grew its holdings in T-Mobile US by 1.7% in the 1st quarter. Wellington Management Group LLP now owns 12,846,939 shares of the Wireless communications provider's stock worth $3,426,407,000 after acquiring an additional 214,224 shares during the last quarter. Canada Pension Plan Investment Board grew its holdings in T-Mobile US by 14.3% in the 1st quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider's stock worth $1,837,399,000 after acquiring an additional 864,030 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in T-Mobile US by 25.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,172,644 shares of the Wireless communications provider's stock worth $1,112,886,000 after acquiring an additional 844,932 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in T-Mobile US by 4.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,050,797 shares of the Wireless communications provider's stock worth $1,080,388,000 after acquiring an additional 169,562 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in T-Mobile US by 2.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,295,432 shares of the Wireless communications provider's stock worth $878,925,000 after acquiring an additional 65,394 shares during the last quarter. Institutional investors own 42.49% of the company's stock.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the company'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 value of $16,627,507.20. Following the completion of the transaction, the director directly owned 647,660,844 shares in the company, valued at $154,195,093,739.52. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold 2,611,714 shares of company stock valued at $628,056,504 in the last three months. Corporate insiders own 0.37% of the company's stock.

T-Mobile US Stock Performance

Shares of NASDAQ TMUS opened at $238.17 on Friday. The firm has a 50 day moving average of $243.89 and a 200 day moving average of $245.66. 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 capitalization of $268.04 billion, a price-to-earnings ratio of 22.47, a price-to-earnings-growth ratio of 1.31 and a beta of 0.61. T-Mobile US, Inc. has a 12-month low of $197.46 and a 12-month high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm's quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.49 earnings per share. On average, research analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 1.7%. This is a positive change 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 33.21%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Arete Research raised shares of T-Mobile US to a "strong-buy" rating in a research note on Tuesday, July 8th. The Goldman Sachs Group assumed coverage on shares of T-Mobile US in a research note on Tuesday, September 2nd. They set a "buy" rating and a $286.00 target price on the stock. Rothschild & Co Redburn raised shares of T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 target price on the stock in a research note on Monday, July 7th. Redburn Atlantic raised shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 target price on the stock in a research note on Monday, July 7th. Finally, KeyCorp reaffirmed an "underweight" rating and set a $200.00 target price on shares of T-Mobile US in a research note on Wednesday, July 9th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, T-Mobile US currently has an average rating of "Moderate Buy" and a consensus price target of $258.02.

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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