T-Mobile US, Inc. $TMUS is Reynders McVeigh Capital Management LLC’s 10th Largest Position

Reynders McVeigh Capital Management LLC trimmed its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 1.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 214,493 shares of the Wireless communications provider’s stock after selling 3,027 shares during the quarter. T-Mobile US accounts for approximately 2.6% of Reynders McVeigh Capital Management LLC’s portfolio, making the stock its 10th largest holding. Reynders McVeigh Capital Management LLC’s holdings in T-Mobile US were worth $51,105,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in TMUS. Vanguard Group Inc. lifted its position in shares of T-Mobile US by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 42,160,882 shares of the Wireless communications provider’s stock valued at $10,045,252,000 after acquiring an additional 215,711 shares during the period. State Street Corp lifted its holdings in T-Mobile US by 4.5% in the 2nd quarter. State Street Corp now owns 23,141,316 shares of the Wireless communications provider’s stock valued at $5,513,650,000 after purchasing an additional 994,740 shares in the last quarter. Wellington Management Group LLP lifted its holdings in T-Mobile US by 1.7% in the 1st quarter. Wellington Management Group LLP now owns 12,846,939 shares of the Wireless communications provider’s stock valued at $3,426,407,000 after purchasing an additional 214,224 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of T-Mobile US by 14.3% during the first quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider’s stock worth $1,837,399,000 after buying an additional 864,030 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in shares of T-Mobile US by 5.2% in the second quarter. Franklin Resources Inc. now owns 6,298,934 shares of the Wireless communications provider’s stock valued at $1,500,784,000 after buying an additional 309,922 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insider Transactions at T-Mobile US

In other T-Mobile US news, insider Michael J. Katz sold 2,500 shares of the firm’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $215.91, for a total transaction of $539,775.00. Following the completion of the transaction, the insider directly owned 156,203 shares of the company’s stock, valued at $33,725,789.73. This trade represents a 1.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Telekom Ag Deutsche sold 1,374 shares of the company’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $220.46, for a total transaction of $302,912.04. Following the completion of the sale, the director owned 582,065,875 shares in the company, valued at approximately $128,322,242,802.50. This trade represents a 0.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,172,720 shares of company stock valued at $269,482,868 over the last ninety days. 0.37% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on TMUS shares. Wells Fargo & Company upgraded shares of T-Mobile US from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $250.00 to $260.00 in a research report on Thursday, October 16th. UBS Group reiterated a “buy” rating on shares of T-Mobile US in a research report on Wednesday, December 10th. Raymond James Financial raised shares of T-Mobile US to a “hold” rating in a research report on Wednesday, October 1st. The Goldman Sachs Group reduced their target price on T-Mobile US from $287.00 to $251.00 and set a “buy” rating on the stock in a report on Friday. Finally, Royal Bank Of Canada restated a “buy” rating on shares of T-Mobile US in a report on Friday, October 24th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $263.71.

T-Mobile US Stock Down 0.1%

Shares of NASDAQ:TMUS opened at $195.16 on Monday. The company has a 50 day moving average of $213.74 and a two-hundred day moving average of $230.54. T-Mobile US, Inc. has a 52-week low of $194.01 and a 52-week high of $276.49. The company has a quick ratio of 0.80, a current ratio of 0.89 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $218.29 billion, a price-to-earnings ratio of 18.77, a price-to-earnings-growth ratio of 1.25 and a beta of 0.44.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.40 by $0.01. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The company had revenue of $21.96 billion during the quarter, compared to analysts’ expectations of $21.61 billion. During the same period in the prior year, the company posted $2.61 EPS. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. As a group, 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 declared a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Friday, February 27th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Friday, February 27th. T-Mobile US’s payout ratio is 39.23%.

T-Mobile US 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.