USA Financial Formulas Lowers Stock Position in T-Mobile US, Inc. $TMUS

Key Points

• USA Financial Formulas drastically cut its stake in T-Mobile US, Inc. by 91.6%, ending the second quarter with only 903 shares valued at approximately $215,000.
• Insider activity saw Director Telekom Ag Deutsche sell over 64,426 shares of T-Mobile for more than $15 million, reducing their ownership position by 0.01%.
• T-Mobile US recently announced an increase in its quarterly dividend to $1.02 per share, representing a significant boost from its previous payout of $0.88.

USA Financial Formulas reduced its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 91.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 903 shares of the Wireless communications provider's stock after selling 9,822 shares during the quarter. USA Financial Formulas' holdings in T-Mobile US were worth $215,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of TMUS. Activest Wealth Management raised its stake 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 worth $25,000 after acquiring an additional 94 shares in the last quarter. Godsey & Gibb Inc. raised its stake 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 worth $27,000 after acquiring an additional 60 shares in the last quarter. Stone House Investment Management LLC purchased a new position in shares of T-Mobile US during the first quarter worth approximately $29,000. TCTC Holdings LLC raised its stake 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 worth $30,000 after acquiring an additional 77 shares in the last quarter. Finally, Missouri Trust & Investment Co raised its stake in shares of T-Mobile US by 807.7% during the second quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider's stock worth $28,000 after acquiring an additional 105 shares in the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 64,426 shares of the business's stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $239.54, for a total transaction of $15,432,604.04. Following the sale, the director owned 634,112,640 shares in the company, valued at approximately $151,895,341,785.60. The trade was a 0.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last quarter, insiders have sold 2,584,633 shares of company stock worth $623,559,263. Insiders own 0.37% of the company's stock.

Analyst Ratings Changes

TMUS has been the topic of several research reports. Redburn Atlantic raised shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price target on the stock in a research note on Monday, July 7th. Moffett Nathanson lifted their price target on shares of T-Mobile US from $210.00 to $230.00 and gave the stock a "neutral" rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft lifted their price target on shares of T-Mobile US from $280.00 to $300.00 in a research note on Thursday. Rothschild & Co Redburn raised shares of T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price target on the stock in a research note on Monday, July 7th. Finally, JPMorgan Chase & Co. lifted their target price on shares of T-Mobile US from $280.00 to $300.00 and gave the stock an "overweight" rating in a research note on Tuesday. Three investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $262.50.

T-Mobile US Stock Performance

NASDAQ:TMUS opened at $230.14 on Friday. The stock has a market cap of $259.00 billion, a P/E ratio of 21.71, a price-to-earnings-growth ratio of 1.28 and a beta of 0.59. The firm's fifty day simple moving average is $244.83 and its 200 day simple moving average is $244.31. T-Mobile US, Inc. has a twelve month low of $206.18 and a twelve month high of $276.49. 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 (NASDAQ:TMUS - Get Free Report) last announced 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 net margin of 14.53% and a return on equity of 19.68%. The firm had revenue of $21.13 billion for the quarter, compared to analysts' expectations of $20.99 billion. During the same quarter in the previous year, the business posted $2.49 EPS. The company's quarterly revenue was up 6.9% on a year-over-year basis. As a group, research analysts predict that T-Mobile US, Inc. will post 10.37 EPS 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. Stockholders of record on Wednesday, November 26th will be issued a dividend of $1.02 per share. This is a boost from T-Mobile US's previous quarterly dividend of $0.88. The ex-dividend date is Wednesday, November 26th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.8%. 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.

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