T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by WT Wealth Management

WT Wealth Management cut its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 17.3% in the 1st quarter, Holdings Channel reports. The firm owned 7,229 shares of the Wireless communications provider’s stock after selling 1,510 shares during the period. WT Wealth Management’s holdings in T-Mobile US were worth $1,928,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Geode Capital Management LLC increased its stake in shares of T-Mobile US by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 11,857,917 shares of the Wireless communications provider’s stock worth $2,610,542,000 after purchasing an additional 90,755 shares during the last quarter. Invesco Ltd. grew its stake in T-Mobile US by 4.6% in the 4th quarter. Invesco Ltd. now owns 8,809,417 shares of the Wireless communications provider’s stock valued at $1,944,503,000 after buying an additional 384,956 shares during the last quarter. Norges Bank acquired a new stake in T-Mobile US in the 4th quarter worth $1,802,393,000. Capital International Investors grew its position in T-Mobile US by 36.2% in the 4th quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider’s stock worth $1,440,424,000 after purchasing an additional 1,734,998 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its holdings in shares of T-Mobile US by 85.5% during the 4th 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 period. 42.49% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on TMUS shares. Bank of America began coverage on shares of T-Mobile US in a report on Monday, July 7th. They set a “neutral” rating and a $255.00 price objective for the company. Wall Street Zen downgraded shares of T-Mobile US from a “buy” rating to a “hold” rating in a research note on Saturday, May 24th. Tigress Financial boosted their price objective on shares of T-Mobile US from $290.00 to $305.00 and gave the company a “buy” rating in a report on Tuesday, April 29th. KeyCorp restated an “underweight” rating and set a $200.00 price objective on shares of T-Mobile US in a report on Wednesday, July 9th. Finally, Morgan Stanley boosted their price objective on shares of T-Mobile US from $265.00 to $280.00 and gave the company an “overweight” rating in a report on Wednesday, July 16th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $255.12.

Insider Activity at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the firm’s stock in a transaction that occurred 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 sale, the director directly owned 647,660,844 shares of the company’s stock, valued at $154,195,093,739.52. This trade represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold 1,116,990 shares of company stock valued at $256,892,992 in the last three months. 0.37% of the stock is currently owned by company insiders.

T-Mobile US Trading Up 1.8%

NASDAQ:TMUS opened at $231.19 on Monday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.08 and a current ratio of 1.16. T-Mobile US, Inc. has a 52 week low of $173.74 and a 52 week high of $276.49. The firm’s fifty day moving average is $235.29 and its 200-day moving average is $244.04. The firm has a market cap of $262.51 billion, a P/E ratio of 22.46, a P/E/G ratio of 1.26 and a beta of 0.62.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.10. The company had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.67 billion. T-Mobile US had a net margin of 14.41% and a return on equity of 19.09%. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.00 earnings per share. Equities analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be given 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 1.52%. T-Mobile US’s dividend payout ratio (DPR) is currently 34.34%.

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.