Westpac Banking Corp Cuts Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Key Points

• Westpac Banking Corp reduced its holdings in T-Mobile US, Inc. by 58.8% in the first quarter, owning 4,299 shares valued at $1,147,000 after selling 6,140 shares during the period.
• T-Mobile US recently reported a quarterly earnings per share (EPS) of $2.84, surpassing estimates by $0.15, and had a revenue of $21.13 billion, which was 6.9% higher year-over-year.
• The company announced a quarterly dividend of $0.88, to be paid on September 11th, representing a 1.4% dividend yield with a payout ratio of 33.21%.

Westpac Banking Corp decreased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 58.8% during the first quarter, according to its most recent filing with the SEC. The firm owned 4,299 shares of the Wireless communications provider's stock after selling 6,140 shares during the period. Westpac Banking Corp's holdings in T-Mobile US were worth $1,147,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Godsey & Gibb Inc. grew its position in shares of 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 buying an additional 60 shares during the last quarter. Stone House Investment Management LLC purchased a new position in shares of T-Mobile US in the 1st quarter worth approximately $29,000. TCTC Holdings LLC grew its position in shares of T-Mobile US by 208.1% in the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock worth $30,000 after buying an additional 77 shares during the last quarter. Adirondack Trust Co. grew its position in shares of T-Mobile US by 366.7% in 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 last quarter. Finally, City Holding Co. grew its position in shares of T-Mobile US by 45.3% in 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 last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.

T-Mobile US Stock Performance

Shares of NASDAQ TMUS opened at $252.28 on Wednesday. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33. T-Mobile US, Inc. has a 12 month low of $192.61 and a 12 month high of $276.49. The company has a 50 day simple moving average of $235.12 and a two-hundred day simple moving average of $246.79. The stock has a market cap of $283.92 billion, a price-to-earnings ratio of 23.80, a PEG ratio of 1.37 and a beta of 0.62.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, beating the consensus estimate 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 business had revenue of $21.13 billion during the quarter, compared to analysts' expectations of $20.99 billion. During the same period in the previous year, the business posted $2.49 EPS. The business's quarterly revenue was up 6.9% compared to the same quarter last year. As a group, analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, August 29th. T-Mobile US's payout ratio is currently 33.21%.

Insider Activity

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the business's stock in a transaction 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. The trade was a 0.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last ninety days, insiders have sold 1,904,530 shares of company stock valued at $445,006,069. Insiders own 0.37% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. KeyCorp reaffirmed an "underweight" rating and issued a $200.00 price objective on shares of T-Mobile US in a research report on Wednesday, July 9th. Arete Research raised shares of T-Mobile US to a "strong-buy" rating in a research report on Tuesday, July 8th. Rothschild & Co Redburn raised shares of T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price objective on the stock in a research report on Monday, July 7th. JPMorgan Chase & Co. boosted their target price on shares of T-Mobile US from $270.00 to $280.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Finally, Bank of America started coverage on shares of T-Mobile US in a research report on Monday, July 7th. They set a "neutral" rating and a $255.00 target price on the stock. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $256.31.

T-Mobile US Company 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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