T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by Norden Group LLC

Norden Group LLC lowered its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 1.4% during the first quarter, Holdings Channel.com reports. The fund owned 5,326 shares of the Wireless communications provider’s stock after selling 74 shares during the quarter. Norden Group LLC’s holdings in T-Mobile US were worth $1,420,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ancora Advisors LLC lifted its stake in shares of T-Mobile US by 16.6% during the fourth quarter. Ancora Advisors LLC now owns 260 shares of the Wireless communications provider’s stock worth $57,000 after purchasing an additional 37 shares in the last quarter. Snowden Capital Advisors LLC lifted its stake in shares of T-Mobile US by 0.6% during the fourth quarter. Snowden Capital Advisors LLC now owns 6,394 shares of the Wireless communications provider’s stock worth $1,411,000 after purchasing an additional 40 shares in the last quarter. Financial Management Professionals Inc. lifted its stake in shares of T-Mobile US by 15.6% during the first quarter. Financial Management Professionals Inc. now owns 303 shares of the Wireless communications provider’s stock worth $81,000 after purchasing an additional 41 shares in the last quarter. Hohimer Wealth Management LLC lifted its stake in shares of T-Mobile US by 2.3% during the first quarter. Hohimer Wealth Management LLC now owns 1,800 shares of the Wireless communications provider’s stock worth $480,000 after purchasing an additional 41 shares in the last quarter. Finally, Journey Strategic Wealth LLC lifted its stake in shares of T-Mobile US by 4.2% during the first quarter. Journey Strategic Wealth LLC now owns 1,022 shares of the Wireless communications provider’s stock worth $273,000 after purchasing an additional 41 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Stock Down 2.2%

Shares of T-Mobile US stock opened at $238.19 on Tuesday. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. The firm has a market cap of $268.06 billion, a P/E ratio of 22.47, a P/E/G ratio of 1.33 and a beta of 0.62. T-Mobile US, Inc. has a fifty-two week low of $173.74 and a fifty-two week high of $276.49. The business has a 50-day moving average price of $235.07 and a 200 day moving average price of $245.04.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data 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 firm had revenue of $21.13 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the company earned $2.49 earnings per share. On average, sell-side analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be paid a $0.88 dividend. The ex-dividend date is Friday, August 29th. This represents a $3.52 dividend on an annualized basis and a yield of 1.48%. T-Mobile US’s payout ratio is currently 33.21%.

Insider Buying and Selling

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 stock was sold at an average price of $238.08, for a total value of $16,627,507.20. Following the completion of the transaction, the director directly owned 647,660,844 shares in the company, 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 legal filing with the SEC, which is available at this link. Insiders sold 1,333,510 shares of company stock valued at $306,996,018 in the last three months. Insiders own 0.37% of the company’s stock.

Analyst Ratings Changes

TMUS has been the topic of a number of recent research reports. Redburn Atlantic upgraded T-Mobile US from a “strong sell” rating to a “hold” rating and set a $228.00 price objective on the stock in a research note on Monday, July 7th. KeyCorp restated an “underweight” rating and set a $200.00 price objective on shares of T-Mobile US in a research note on Wednesday, July 9th. Bank of America initiated coverage on T-Mobile US in a research report on Monday, July 7th. They set a “neutral” rating and a $255.00 target price on the stock. Wall Street Zen lowered T-Mobile US from a “buy” rating to a “hold” rating in a research report on Saturday, May 24th. Finally, 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 report on Monday, July 7th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $256.31.

About T-Mobile US

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.