T-Mobile US, Inc. $TMUS Stock Holdings Lessened by Novem Group

Novem Group reduced its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 15.4% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,046 shares of the Wireless communications provider’s stock after selling 191 shares during the quarter. Novem Group’s holdings in T-Mobile US were worth $249,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. Financial Management Professionals Inc. lifted its position in T-Mobile US by 15.6% in the 1st quarter. Financial Management Professionals Inc. now owns 303 shares of the Wireless communications provider’s stock valued at $81,000 after purchasing an additional 41 shares during the last quarter. Hohimer Wealth Management LLC lifted its position in T-Mobile US by 2.3% in the 1st quarter. Hohimer Wealth Management LLC now owns 1,800 shares of the Wireless communications provider’s stock valued at $480,000 after purchasing an additional 41 shares during the last quarter. Journey Strategic Wealth LLC lifted its position in T-Mobile US by 4.2% in the 1st quarter. Journey Strategic Wealth LLC now owns 1,022 shares of the Wireless communications provider’s stock valued at $273,000 after purchasing an additional 41 shares during the last quarter. Angeles Wealth Management LLC lifted its position in T-Mobile US by 1.2% in the 1st quarter. Angeles Wealth Management LLC now owns 3,328 shares of the Wireless communications provider’s stock valued at $888,000 after purchasing an additional 41 shares during the last quarter. Finally, City Holding Co. lifted its position in T-Mobile US by 45.3% in the 1st quarter. City Holding Co. now owns 138 shares of the Wireless communications provider’s stock valued at $37,000 after purchasing an additional 43 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Morgan Stanley lifted their price objective on shares of T-Mobile US from $265.00 to $285.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. Royal Bank Of Canada boosted their price target on shares of T-Mobile US from $265.00 to $270.00 and gave the stock a “sector perform” rating in a research report on Friday, July 25th. Redburn Atlantic upgraded shares of T-Mobile US from a “strong sell” rating to a “hold” rating and set a $228.00 price target on the stock in a research report on Monday, July 7th. Arete Research upgraded shares of T-Mobile US to a “strong-buy” rating in a research report on Tuesday, July 8th. Finally, JPMorgan Chase & Co. boosted their price target on shares of T-Mobile US from $270.00 to $280.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Three investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $258.02.

T-Mobile US Stock Performance

Shares of TMUS opened at $237.47 on Friday. The firm’s 50 day moving average is $244.96 and its 200-day moving average is $244.85. The stock has a market capitalization of $267.25 billion, a P/E ratio of 22.40, a P/E/G ratio of 1.30 and a beta of 0.61. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.13. T-Mobile US, Inc. has a 12-month low of $202.77 and a 12-month high of $276.49.

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 (EPS) for the quarter, topping the consensus estimate of $2.69 by $0.15. The company had revenue of $21.13 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.49 EPS. Equities research analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 1.7%. This is an increase 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 payout ratio is 38.49%.

Insider Buying and Selling at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction that occurred on Wednesday, July 9th. The shares were sold at an average price of $232.27, for a total value of $16,221,736.80. Following the transaction, the director directly owned 647,521,164 shares of the company’s stock, valued at $150,399,740,762.28. This trade represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold 2,595,472 shares of company stock valued at $625,997,723 over the last quarter. Company insiders own 0.37% of the company’s stock.

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.