Trivium Point Advisory LLC Has $8.25 Million Position in T-Mobile US, Inc. $TMUS

Key Points

• Trivium Point Advisory LLC decreased its stake in T-Mobile US, Inc. by 5.5%, selling 1,800 shares, bringing its total holdings to 30,934 shares valued at approximately $8.25 million.
• Several institutional investors, including Capital International Investors and Canada Pension Plan Investment Board, significantly increased their positions in T-Mobile US in the recent quarter, indicating strong institutional interest.
• T-Mobile US reported quarterly earnings of $2.84 per share, exceeding analyst expectations, and announced a dividend of $0.88 per share scheduled for September 11th.

Trivium Point Advisory LLC lowered its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 5.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,934 shares of the Wireless communications provider's stock after selling 1,800 shares during the period. T-Mobile US makes up 1.0% of Trivium Point Advisory LLC's portfolio, making the stock its 15th biggest position. Trivium Point Advisory LLC's holdings in T-Mobile US were worth $8,250,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of TMUS. Capital International Investors increased its stake in shares of T-Mobile US by 36.2% in the fourth quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider's stock worth $1,440,424,000 after acquiring an additional 1,734,998 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in shares of T-Mobile US by 85.5% in the fourth quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider's stock worth $1,329,919,000 after acquiring an additional 2,777,657 shares during the last quarter. Northern Trust Corp increased its stake in shares of T-Mobile US by 13.8% in the fourth quarter. Northern Trust Corp now owns 5,325,541 shares of the Wireless communications provider's stock worth $1,175,507,000 after acquiring an additional 645,892 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of T-Mobile US by 25.4% in the first 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. Finally, Dimensional Fund Advisors LP increased its stake in shares of T-Mobile US by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,084,830 shares of the Wireless communications provider's stock worth $901,643,000 after acquiring an additional 25,667 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on TMUS shares. Royal Bank Of Canada upped their price target on shares of T-Mobile US from $265.00 to $270.00 and gave the stock a "sector perform" rating in a research note on Friday, July 25th. 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 report on Monday, July 7th. Morgan Stanley increased their target price on shares of T-Mobile US from $265.00 to $285.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Bank of America began coverage on T-Mobile US in a research report on Monday, July 7th. They issued a "neutral" rating and a $255.00 price target on the stock. Finally, JPMorgan Chase & Co. raised 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. Three equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $256.31.

T-Mobile US Stock Performance

Shares of NASDAQ TMUS traded up $3.01 during mid-day trading on Tuesday, hitting $258.19. The company had a trading volume of 1,104,708 shares, compared to its average volume of 4,313,196. 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 business's 50-day simple moving average is $235.93 and its 200-day simple moving average is $247.58. T-Mobile US, Inc. has a 12 month low of $192.61 and a 12 month high of $276.49. The firm has a market cap of $290.57 billion, a P/E ratio of 24.35, a PEG ratio of 1.39 and a beta of 0.62.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, topping analysts' consensus estimates of $2.69 by $0.15. The firm had revenue of $21.13 billion during the quarter, compared to analysts' expectations of $20.99 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The company's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.49 earnings per share. As a group, 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 declared a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.88 per share. 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 (DPR) is currently 33.21%.

Insider Activity at T-Mobile US

In other news, insider Callie R. Field sold 12,300 shares of the firm's stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $240.80, for a total transaction of $2,961,840.00. Following the completion of the sale, the insider owned 110,891 shares of the company's stock, valued at approximately $26,702,552.80. This trade represents a 9.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Telekom Ag Deutsche sold 69,840 shares of the firm's stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $250.87, for a total transaction of $17,520,760.80. Following the sale, the director directly owned 636,271,724 shares of the company's stock, valued at approximately $159,621,487,399.88. The trade was a 0.01% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,974,370 shares of company stock valued at $462,526,830. Company insiders own 0.37% of the company's stock.

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.