T-Mobile US, Inc. $TMUS Shares Sold by Flputnam Investment Management Co.

Flputnam Investment Management Co. reduced its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 86.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,274 shares of the Wireless communications provider’s stock after selling 82,164 shares during the quarter. Flputnam Investment Management Co.’s holdings in T-Mobile US were worth $2,226,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Cookson Peirce & Co. Inc. raised its stake in shares of T-Mobile US by 9.4% in the 2nd quarter. Cookson Peirce & Co. Inc. now owns 10,051 shares of the Wireless communications provider’s stock valued at $1,686,000 after acquiring an additional 860 shares during the period. Thornburg Investment Management Inc. boosted its position in T-Mobile US by 489.6% during the 2nd quarter. Thornburg Investment Management Inc. now owns 16,149 shares of the Wireless communications provider’s stock worth $2,709,000 after purchasing an additional 13,410 shares during the period. Greenwood Capital Associates LLC boosted its position in T-Mobile US by 16.3% during the 2nd quarter. Greenwood Capital Associates LLC now owns 27,228 shares of the Wireless communications provider’s stock worth $4,567,000 after purchasing an additional 3,817 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in T-Mobile US by 1.1% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,076,380 shares of the Wireless communications provider’s stock valued at $683,731,000 after purchasing an additional 43,783 shares in the last quarter. Finally, New Mexico Educational Retirement Board raised its position in T-Mobile US by 7.3% in the second quarter. New Mexico Educational Retirement Board now owns 23,550 shares of the Wireless communications provider’s stock valued at $3,950,000 after purchasing an additional 1,600 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Stock Performance

NASDAQ:TMUS opened at $181.37 on Monday. The stock has a market cap of $194.55 billion, a price-to-earnings ratio of 18.99, a price-to-earnings-growth ratio of 1.02 and a beta of 0.33. T-Mobile US, Inc. has a one year low of $165.66 and a one year high of $258.66. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.83 and a current ratio of 0.92. The business’s 50-day simple moving average is $181.12 and its 200 day simple moving average is $193.32.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share for the quarter, beating analysts’ consensus estimates of $2.59 by $0.40. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The firm had revenue of $22.79 billion during the quarter, compared to analyst estimates of $22.95 billion. During the same quarter last year, the firm earned $2.84 EPS. T-Mobile US’s quarterly revenue was up 7.9% on a year-over-year basis. As a group, sell-side analysts predict that T-Mobile US, Inc. will post 10.73 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 28th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Friday, August 28th. T-Mobile US’s payout ratio is 42.72%.

Analyst Ratings Changes

A number of research analysts have commented on the company. Royal Bank Of Canada reduced their price objective on T-Mobile US from $240.00 to $230.00 and set an “outperform” rating on the stock in a research note on Monday, July 20th. Bank of America upgraded T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 target price on the stock in a report on Monday, July 6th. JPMorgan Chase & Co. reissued a “buy” rating on shares of T-Mobile US in a research report on Tuesday, May 19th. Arete Research upped their price target on T-Mobile US from $295.00 to $300.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Finally, Wells Fargo & Company lowered their price objective on shares of T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating for the company in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, T-Mobile US presently has an average rating of “Moderate Buy” and a consensus price target of $252.08.

T-Mobile US Company 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.