Y.D. More Investments Ltd Trims Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Y.D. More Investments Ltd lowered its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 47.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 220 shares of the Wireless communications provider’s stock after selling 197 shares during the quarter. Y.D. More Investments Ltd’s holdings in T-Mobile US were worth $59,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TMUS. Scotia Capital Inc. lifted its stake in T-Mobile US by 15.4% in the fourth quarter. Scotia Capital Inc. now owns 34,811 shares of the Wireless communications provider’s stock valued at $7,685,000 after buying an additional 4,657 shares during the last quarter. Covestor Ltd lifted its stake in T-Mobile US by 61.2% in the fourth quarter. Covestor Ltd now owns 498 shares of the Wireless communications provider’s stock valued at $110,000 after buying an additional 189 shares during the last quarter. Fortis Capital Advisors LLC lifted its stake in T-Mobile US by 73.1% in the fourth quarter. Fortis Capital Advisors LLC now owns 10,176 shares of the Wireless communications provider’s stock valued at $2,246,000 after buying an additional 4,298 shares during the last quarter. Distillate Capital Partners LLC purchased a new stake in T-Mobile US in the fourth quarter valued at approximately $47,791,000. Finally, Townsquare Capital LLC increased its holdings in shares of T-Mobile US by 15.4% in the fourth quarter. Townsquare Capital LLC now owns 21,495 shares of the Wireless communications provider’s stock valued at $4,745,000 after purchasing an additional 2,873 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Up 0.8%

T-Mobile US stock opened at $244.98 on Friday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. The firm has a market capitalization of $275.71 billion, a price-to-earnings ratio of 23.11, a price-to-earnings-growth ratio of 1.33 and a beta of 0.62. T-Mobile US, Inc. has a fifty-two week low of $192.11 and a fifty-two week high of $276.49. The stock’s fifty day moving average is $234.84 and its two-hundred day moving average is $246.14.

T-Mobile US (NASDAQ:TMUS) last posted 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 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 revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.49 earnings per share. Analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

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

Insider Activity

In other news, insider Callie R. Field sold 12,300 shares of the company’s stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $240.80, for a total value of $2,961,840.00. Following the sale, the insider directly owned 110,891 shares in the company, valued at $26,702,552.80. This represents a 9.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Telekom Ag Deutsche sold 69,840 shares of the company’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $239.71, for a total value of $16,741,346.40. Following the completion of the sale, the director owned 646,124,364 shares in the company, valued at $154,882,471,294.44. This represents a 0.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,764,850 shares of company stock worth $410,591,012 over the last three months. 0.37% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. KeyCorp reissued an “underweight” rating and issued a $200.00 target price on shares of T-Mobile US in a report on Wednesday, July 9th. Bank of America assumed coverage on T-Mobile US in a report on Monday, July 7th. They issued a “neutral” rating and a $255.00 target price on the stock. Scotiabank raised T-Mobile US from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the company from $275.00 to $277.50 in a report on Wednesday, April 30th. Royal Bank Of Canada boosted their target price on T-Mobile US from $265.00 to $270.00 and gave the company a “sector perform” rating in a report on Friday, July 25th. Finally, Wall Street Zen lowered T-Mobile US from a “buy” rating to a “hold” rating in a report on Saturday, May 24th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.