Y Intercept Hong Kong Ltd trimmed its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 94.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,573 shares of the Wireless communications provider's stock after selling 46,313 shares during the period. Y Intercept Hong Kong Ltd's holdings in T-Mobile US were worth $686,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of TMUS. Orion Portfolio Solutions LLC grew its position in shares of T-Mobile US by 8.3% during the fourth quarter. Orion Portfolio Solutions LLC now owns 21,564 shares of the Wireless communications provider's stock worth $4,760,000 after acquiring an additional 1,647 shares during the last quarter. Horizon Investment Services LLC acquired a new position in shares of T-Mobile US during the fourth quarter worth approximately $3,299,000. Brown Brothers Harriman & Co. grew its holdings in T-Mobile US by 22.5% in the 4th quarter. Brown Brothers Harriman & Co. now owns 7,733 shares of the Wireless communications provider's stock worth $1,707,000 after buying an additional 1,418 shares in the last quarter. Allstate Corp acquired a new stake in T-Mobile US in the 4th quarter valued at approximately $3,431,000. Finally, Allianz SE acquired a new stake in T-Mobile US in the 4th quarter valued at approximately $11,228,000. 42.49% of the stock is currently owned by institutional investors.
T-Mobile US Stock Down 2.2%
Shares of TMUS traded down $5.36 during mid-day trading on Monday, reaching $238.19. The company's stock had a trading volume of 3,702,649 shares, compared to its average volume of 4,382,313. The company has a market cap of $268.06 billion, a price-to-earnings ratio of 22.47, a price-to-earnings-growth ratio of 1.33 and a beta of 0.62. The business has a fifty day moving average of $235.19 and a 200 day moving average of $244.86. 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 1 year low of $173.74 and a 1 year high of $276.49.
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 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business earned $2.49 EPS. The business's revenue for the quarter was up 6.9% on a year-over-year basis. As a group, analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.
T-Mobile US Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's dividend payout ratio is currently 33.21%.
Insider Activity 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 Wednesday, July 23rd. The shares were sold at an average price of $232.63, for a total value of $16,246,879.20. Following the transaction, the director owned 646,822,764 shares in the company, valued at approximately $150,470,379,589.32. This represents a 0.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 1,326,510 shares of company stock worth $305,246,018 in the last ninety days. Company insiders own 0.37% of the company's stock.
Analysts Set New Price Targets
TMUS has been the subject of a number of analyst reports. Morgan Stanley boosted their price target on T-Mobile US from $265.00 to $285.00 and gave the stock an "overweight" rating in a research report on Thursday. JPMorgan Chase & Co. increased their target price on shares of T-Mobile US from $270.00 to $280.00 and gave the company an "overweight" rating in a research report on Thursday. Tigress Financial raised their target price on shares of T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. KeyCorp reaffirmed an "underweight" rating and issued a $200.00 price target on shares of T-Mobile US in a research note on Wednesday, July 9th. Finally, Arete Research upgraded shares of T-Mobile US to a "strong-buy" rating in a research note on Tuesday, July 8th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $256.31.
Read Our Latest Stock Analysis on TMUS
T-Mobile US Company Profile
(
Free Report)
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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