T-Mobile US, Inc. $TMUS Stake Lowered by DAVENPORT & Co LLC

DAVENPORT & Co LLC trimmed its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 4.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,012 shares of the Wireless communications provider’s stock after selling 2,286 shares during the period. DAVENPORT & Co LLC’s holdings in T-Mobile US were worth $11,916,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. NorthCrest Asset Manangement LLC acquired a new stake in shares of T-Mobile US during the 2nd quarter valued at about $284,000. Crestwood Advisors Group LLC lifted its stake in T-Mobile US by 79.5% in the first quarter. Crestwood Advisors Group LLC now owns 1,635 shares of the Wireless communications provider’s stock valued at $436,000 after acquiring an additional 724 shares during the last quarter. Berkshire Bank lifted its stake in T-Mobile US by 12.5% in the second quarter. Berkshire Bank now owns 12,593 shares of the Wireless communications provider’s stock valued at $3,000,000 after acquiring an additional 1,400 shares during the last quarter. Canada Pension Plan Investment Board grew its position in T-Mobile US by 14.3% in 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 acquiring an additional 864,030 shares in the last quarter. Finally, Fox Hill Wealth Management acquired a new position in shares of T-Mobile US during the 2nd quarter worth $2,603,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Bank of America started coverage on shares of T-Mobile US in a report on Monday, July 7th. They issued a “neutral” rating and a $255.00 price objective for the company. Redburn Atlantic raised T-Mobile US from a “strong sell” rating to a “hold” rating and set a $228.00 price target for the company in a research report on Monday, July 7th. The Goldman Sachs Group began coverage on T-Mobile US in a report on Tuesday, September 2nd. They set a “buy” rating and a $286.00 price objective on the stock. Raymond James Financial raised T-Mobile US to a “hold” rating in a research note on Wednesday, October 1st. Finally, Wolfe Research decreased their target price on T-Mobile US from $300.00 to $290.00 and set an “outperform” rating for the company in a research report on Tuesday, September 30th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $264.29.

Insider Buying and Selling

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the firm’s stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $244.98, for a total value of $17,109,403.20. Following the completion of the sale, the director owned 646,683,084 shares in the company, valued at approximately $158,424,421,918.32. This trade represents a 0.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders sold 2,579,219 shares of company stock valued at $621,776,150. Corporate insiders own 0.37% of the company’s stock.

T-Mobile US Trading Down 2.3%

Shares of T-Mobile US stock opened at $224.96 on Tuesday. T-Mobile US, Inc. has a 1 year low of $207.40 and a 1 year high of $276.49. The company’s fifty day simple moving average is $244.30 and its 200-day simple moving average is $243.68. The company has a market cap of $253.17 billion, a price-to-earnings ratio of 21.22, a PEG ratio of 1.27 and a beta of 0.59. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33.

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

T-Mobile US Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 1.8%. This is a boost from T-Mobile US’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Wednesday, November 26th. T-Mobile US’s dividend payout ratio (DPR) is 38.49%.

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.