James Investment Research Inc. Decreases Stock Position in T-Mobile US, Inc. $TMUS

James Investment Research Inc. reduced its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 14.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,833 shares of the Wireless communications provider’s stock after selling 5,049 shares during the period. James Investment Research Inc.’s holdings in T-Mobile US were worth $6,056,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Vertrix Wealth Management LLC bought a new position in shares of T-Mobile US during the first quarter valued at approximately $2,487,000. IFM Investors Pty Ltd lifted its position in shares of T-Mobile US by 2.8% in the 1st quarter. IFM Investors Pty Ltd now owns 100,881 shares of the Wireless communications provider’s stock worth $21,188,000 after purchasing an additional 2,709 shares during the period. Severin Investments LLC lifted its position in shares of T-Mobile US by 85.6% in the 1st quarter. Severin Investments LLC now owns 4,013 shares of the Wireless communications provider’s stock worth $843,000 after purchasing an additional 1,851 shares during the period. Harbor Investment Advisory LLC boosted its stake in shares of T-Mobile US by 2.6% during the 1st quarter. Harbor Investment Advisory LLC now owns 2,351 shares of the Wireless communications provider’s stock valued at $494,000 after purchasing an additional 60 shares in the last quarter. Finally, Eagle Wealth Advisors LLC increased its position in shares of T-Mobile US by 108.9% during the first quarter. Eagle Wealth Advisors LLC now owns 2,310 shares of the Wireless communications provider’s stock valued at $485,000 after buying an additional 1,204 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Barclays reissued a “buy” rating on shares of T-Mobile US in a research note on Friday, April 24th. Citigroup increased their target price on T-Mobile US from $220.00 to $225.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 17th. Weiss Ratings cut T-Mobile US from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 15th. KeyCorp raised T-Mobile US from a “sector weight” rating to an “overweight” rating and set a $260.00 price target on the stock in a research note on Monday, April 13th. Finally, Sanford C. Bernstein reiterated a “neutral” rating on shares of T-Mobile US in a report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, T-Mobile US has a consensus rating of “Moderate Buy” and a consensus target price of $260.27.

T-Mobile US Price Performance

TMUS stock opened at $173.06 on Thursday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.97 and a current ratio of 1.09. The firm has a 50 day moving average price of $186.68 and a 200-day moving average price of $197.34. T-Mobile US, Inc. has a 52-week low of $165.66 and a 52-week high of $261.56. The firm has a market capitalization of $187.29 billion, a price-to-earnings ratio of 18.41, a PEG ratio of 0.98 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.26. T-Mobile US had a return on equity of 19.47% and a net margin of 11.65%.The company had revenue of $23.11 billion for the quarter, compared to the consensus estimate of $22.98 billion. During the same quarter in the prior year, the business posted $2.58 EPS. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. Equities research analysts forecast that T-Mobile US, Inc. will post 10.65 EPS 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 10th. Stockholders of record on Friday, August 28th will be issued a dividend of $1.02 per share. The ex-dividend date is Friday, August 28th. This represents a $4.08 annualized dividend and a dividend yield of 2.4%. T-Mobile US’s dividend payout ratio (DPR) is presently 43.40%.

Insider Activity

In related news, insider Michael J. Katz sold 5,000 shares of the stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $195.81, for a total transaction of $979,050.00. Following the sale, the insider directly owned 181,930 shares of the company’s stock, valued at approximately $35,623,713.30. This represents a 2.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Andre Almeida acquired 5,097 shares of T-Mobile US stock in a transaction on Friday, May 1st. The shares were purchased at an average price of $196.18 per share, with a total value of $999,929.46. Following the completion of the purchase, the insider owned 44,850 shares in the company, valued at $8,798,673. This represents a 12.82% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 0.32% of the company’s stock.

T-Mobile US Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.