Belpointe Asset Management LLC Lowers Position in T-Mobile US, Inc. $TMUS

Belpointe Asset Management LLC lessened its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 1.2% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,206 shares of the Wireless communications provider’s stock after selling 50 shares during the period. Belpointe Asset Management LLC’s holdings in T-Mobile US were worth $1,002,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in TMUS. OLD National Bancorp IN raised its position in shares of T-Mobile US by 4.1% in the first quarter. OLD National Bancorp IN now owns 2,135 shares of the Wireless communications provider’s stock worth $569,000 after buying an additional 84 shares in the last quarter. Capital Investment Advisors LLC raised its position in T-Mobile US by 15.6% during the first quarter. Capital Investment Advisors LLC now owns 1,149 shares of the Wireless communications provider’s stock valued at $307,000 after purchasing an additional 155 shares in the last quarter. Baldwin Wealth Partners LLC MA purchased a new stake in T-Mobile US during the first quarter valued at about $234,000. Portside Wealth Group LLC raised its position in T-Mobile US by 10.5% during the first quarter. Portside Wealth Group LLC now owns 1,074 shares of the Wireless communications provider’s stock valued at $286,000 after purchasing an additional 102 shares in the last quarter. Finally, City Holding Co. grew its stake in shares of T-Mobile US by 45.3% during the first quarter. City Holding Co. now owns 138 shares of the Wireless communications provider’s stock valued at $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.

Insider Activity

In other news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $238.61, for a total transaction of $16,664,522.40. Following the completion of the transaction, the director directly owned 646,613,244 shares in the company, valued at approximately $154,288,386,150.84. This trade represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 2,509,379 shares of company stock worth $605,554,413 in the last ninety days. 0.37% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Royal Bank Of Canada raised their price objective on T-Mobile US from $265.00 to $270.00 and gave the company a “sector perform” rating in a research note on Friday, July 25th. Rothschild & Co Redburn raised T-Mobile US from a “sell” rating to a “neutral” rating and set a $228.00 target price on the stock in a research note on Monday, July 7th. The Goldman Sachs Group assumed coverage on T-Mobile US in a research note on Tuesday, September 2nd. They issued a “buy” rating and a $286.00 target price on the stock. KeyCorp reissued an “underweight” rating and issued a $200.00 target price on shares of T-Mobile US in a research note on Wednesday, July 9th. Finally, BNP Paribas Exane raised their target price on T-Mobile US from $290.00 to $305.00 and gave the stock an “outperform” rating in a research note on Monday. Three analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $264.29.

T-Mobile US Stock Performance

Shares of TMUS opened at $227.68 on Wednesday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.13. T-Mobile US, Inc. has a one year low of $208.39 and a one year high of $276.49. The company has a 50-day simple moving average of $244.07 and a two-hundred day simple moving average of $243.57. The firm has a market capitalization of $256.24 billion, a PE ratio of 21.48, a price-to-earnings-growth ratio of 1.44 and a beta of 0.59.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, topping 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 analyst estimates of $20.99 billion. During the same period last year, the business posted $2.49 earnings per share. T-Mobile US’s quarterly revenue was up 6.9% compared to the same quarter last year. On average, analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal 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. The ex-dividend date is Wednesday, November 26th. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.88. This represents a $4.08 annualized dividend and a dividend yield of 1.8%. T-Mobile US’s dividend payout ratio (DPR) is 33.21%.

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.