University of Texas Texas AM Investment Management Co. Sells 18,514 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Key Points

• The University of Texas Texas AM Investment Management Co. dramatically reduced its holdings in **T-Mobile US, Inc.** by **97.8%**, ending the quarter with only **425 shares** valued at approximately **$113,000**.
• Analysts have mixed views on T-Mobile, with price targets ranging from **$228.00 to $285.00**, and an average rating of **"Moderate Buy"** based on recent evaluations.
• T-Mobile US reported a quarterly EPS of **$2.84**, surpassing expectations, with revenue of **$21.13 billion**, marking a **6.9% year-over-year growth**.

University of Texas Texas AM Investment Management Co. lowered its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 97.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 425 shares of the Wireless communications provider's stock after selling 18,514 shares during the period. University of Texas Texas AM Investment Management Co.'s holdings in T-Mobile US were worth $113,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Godsey & Gibb Inc. raised its holdings in T-Mobile US by 139.5% in the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock worth $27,000 after purchasing an additional 60 shares during the period. Adirondack Trust Co. grew its holdings in 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 during the period. City Holding Co. increased its position in T-Mobile US by 45.3% in the first quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock worth $37,000 after buying an additional 43 shares in the last quarter. Pinney & Scofield Inc. purchased a new stake in T-Mobile US in the fourth quarter worth about $39,000. Finally, 10Elms LLP bought a new position in shares of T-Mobile US in the fourth quarter worth about $42,000. Institutional investors own 42.49% of the company's stock.

Analysts Set New Price Targets

TMUS has been the subject of a number of recent research reports. Rothschild & Co Redburn upgraded T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price objective for the company in a research note on Monday, July 7th. Tigress Financial upped their price target on shares of T-Mobile US from $290.00 to $305.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. Arete Research raised shares of T-Mobile US to a "strong-buy" rating in a research note on Tuesday, July 8th. Redburn Atlantic upgraded 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, Royal Bank Of Canada upped their target price on shares of T-Mobile US from $265.00 to $270.00 and gave the stock a "sector perform" rating in a report on Friday. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $256.31.

Insider Activity

In other news, insider Jon Freier sold 7,000 shares of the firm'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 value of $1,750,000.00. Following the completion of the sale, the insider directly owned 199,643 shares of the company's stock, valued at $49,910,750. This trade represents a 3.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Telekom Ag Deutsche sold 69,840 shares of the firm's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $232.63, for a total value of $16,246,879.20. Following the completion of the sale, the director owned 646,822,764 shares of the company's stock, valued at approximately $150,470,379,589.32. This represents a 0.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,333,510 shares of company stock worth $306,996,018 over the last 90 days. Corporate insiders own 0.37% of the company's stock.

T-Mobile US Price Performance

T-Mobile US stock traded down $5.36 during midday trading on Monday, reaching $238.19. 3,702,649 shares of the stock traded hands, compared to its average volume of 4,055,931. The stock has a market cap of $268.06 billion, a P/E ratio of 22.47, a PEG ratio of 1.33 and a beta of 0.62. The stock's fifty day moving average is $235.07 and its 200-day moving average is $245.04. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. T-Mobile US, Inc. has a 12 month low of $173.74 and a 12 month high of $276.49.

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

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be issued a $0.88 dividend. The ex-dividend date is Friday, August 29th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.48%. T-Mobile US's dividend payout ratio (DPR) is presently 33.21%.

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.