Tocqueville Asset Management L.P. Sells 522 Shares of T-Mobile US, Inc. $TMUS

Tocqueville Asset Management L.P. lowered its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 36.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 909 shares of the Wireless communications provider’s stock after selling 522 shares during the period. Tocqueville Asset Management L.P.’s holdings in T-Mobile US were worth $242,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Godsey & Gibb Inc. grew its position in shares of T-Mobile US by 139.5% in the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider’s stock worth $27,000 after buying an additional 60 shares during the period. Stone House Investment Management LLC purchased a new stake in T-Mobile US in the first quarter worth about $29,000. TCTC Holdings LLC lifted its holdings in shares of T-Mobile US by 208.1% during the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider’s stock valued at $30,000 after purchasing an additional 77 shares during the last quarter. Adirondack Trust Co. boosted its position in shares of T-Mobile US by 366.7% in the 1st quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider’s stock worth $37,000 after purchasing an additional 110 shares in the last quarter. Finally, City Holding Co. grew its stake in shares of T-Mobile US by 45.3% in the 1st quarter. City Holding Co. now owns 138 shares of the Wireless communications provider’s stock worth $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.

T-Mobile US Trading Up 0.2%

Shares of T-Mobile US stock opened at $255.18 on Tuesday. T-Mobile US, Inc. has a 1-year low of $192.61 and a 1-year high of $276.49. The company’s fifty day simple moving average is $235.93 and its 200-day simple moving average is $247.58. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.13. The stock has a market capitalization of $287.18 billion, a PE ratio of 24.07, a P/E/G ratio of 1.39 and a beta of 0.62.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.69 by $0.15. The company had revenue of $21.13 billion for the quarter, compared to the consensus estimate of $20.99 billion. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%. T-Mobile US’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.49 earnings per share. As a group, equities analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be paid a dividend of $0.88 per share. The ex-dividend date is Friday, August 29th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.4%. T-Mobile US’s payout ratio is 33.21%.

Insider Activity

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $238.08, for a total transaction of $16,627,507.20. Following the transaction, the director owned 647,660,844 shares of the company’s stock, valued at $154,195,093,739.52. The trade was a 0.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders sold 1,974,370 shares of company stock worth $462,526,830. Insiders own 0.37% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on TMUS. Morgan Stanley boosted their target price on T-Mobile US from $265.00 to $285.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. JPMorgan Chase & Co. raised their price objective on shares of T-Mobile US from $270.00 to $280.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. Bank of America assumed coverage on shares of T-Mobile US in a report on Monday, July 7th. They issued a “neutral” rating and a $255.00 target price for the company. Wall Street Zen cut shares of T-Mobile US from a “buy” rating to a “hold” rating in a report on Saturday, May 24th. Finally, Arete Research upgraded shares of T-Mobile US to a “strong-buy” rating in a report on Tuesday, July 8th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, T-Mobile US has an average rating of “Moderate Buy” and an average price target of $256.31.

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.