T-Mobile US, Inc. $TMUS Shares Sold by NewEdge Wealth LLC

NewEdge Wealth LLC lowered its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 60.4% during the first quarter, Holdings Channel reports. The fund owned 4,013 shares of the Wireless communications provider’s stock after selling 6,133 shares during the quarter. NewEdge Wealth LLC’s holdings in T-Mobile US were worth $843,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TMUS. Norges Bank acquired a new stake in shares of T-Mobile US during the 4th quarter worth about $1,335,918,000. Price T Rowe Associates Inc. MD raised its position in shares of T-Mobile US by 30.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,795,065 shares of the Wireless communications provider’s stock valued at $5,643,511,000 after buying an additional 6,516,968 shares during the last quarter. Dodge & Cox raised its position in shares of T-Mobile US by 65.2% in the fourth quarter. Dodge & Cox now owns 6,185,972 shares of the Wireless communications provider’s stock valued at $1,256,000,000 after buying an additional 2,442,450 shares during the last quarter. Viking Global Investors LP lifted its stake in shares of T-Mobile US by 81.7% during the second quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock valued at $677,925,000 after buying an additional 1,279,422 shares during the period. Finally, Amundi lifted its stake in shares of T-Mobile US by 44.6% during the third quarter. Amundi now owns 4,109,084 shares of the Wireless communications provider’s stock valued at $924,380,000 after buying an additional 1,266,808 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Analysts Set New Price Targets

TMUS has been the topic of a number of analyst reports. Barclays decreased their target price on shares of T-Mobile US from $230.00 to $215.00 and set an “overweight” rating on the stock in a research report on Friday. Benchmark reduced their price target on T-Mobile US from $295.00 to $280.00 and set a “buy” rating on the stock in a research note on Friday. Weiss Ratings cut T-Mobile US from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 15th. Morgan Stanley lowered their price objective on T-Mobile US from $260.00 to $230.00 and set an “overweight” rating for the company in a research report on Tuesday, July 7th. Finally, Wall Street Zen upgraded T-Mobile US from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $252.08.

Insider Activity at T-Mobile US

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

T-Mobile US Stock Performance

Shares of TMUS stock opened at $177.21 on Tuesday. 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 firm has a market capitalization of $190.09 billion, a price-to-earnings ratio of 18.56, a price-to-earnings-growth ratio of 1.06 and a beta of 0.33. T-Mobile US, Inc. has a one year low of $165.66 and a one year high of $261.56. The company has a 50 day moving average price of $184.26 and a 200 day moving average price of $195.47.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results 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 net margin of 11.45% and a return on equity of 20.16%. The company had revenue of $22.79 billion for the quarter, compared to analyst estimates of $22.95 billion. During the same quarter last year, the business earned $2.84 EPS. T-Mobile US’s revenue for the quarter was up 7.9% on a year-over-year basis. Sell-side analysts anticipate that T-Mobile US, Inc. will post 10.65 EPS for the current year.

T-Mobile US Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 28th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, August 28th. T-Mobile US’s dividend payout ratio (DPR) is 42.72%.

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.