Banco Bilbao Vizcaya Argentaria S.A. Lowers Stake in T-Mobile US, Inc. $TMUS

Banco Bilbao Vizcaya Argentaria S.A. cut its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 1.9% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 107,013 shares of the Wireless communications provider’s stock after selling 2,050 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in T-Mobile US were worth $25,487,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. W.H. Cornerstone Investments Inc. grew its holdings in shares of T-Mobile US by 7.1% during the 2nd quarter. W.H. Cornerstone Investments Inc. now owns 3,902 shares of the Wireless communications provider’s stock worth $930,000 after purchasing an additional 260 shares during the period. ABN Amro Investment Solutions acquired a new position in T-Mobile US during the second quarter valued at approximately $6,848,000. Police & Firemen s Retirement System of New Jersey grew its stake in T-Mobile US by 0.6% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 68,969 shares of the Wireless communications provider’s stock worth $16,433,000 after buying an additional 407 shares during the period. Bailard Inc. grew its stake in T-Mobile US by 6.2% during the second quarter. Bailard Inc. now owns 2,406 shares of the Wireless communications provider’s stock worth $573,000 after buying an additional 140 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in shares of T-Mobile US by 76.7% in the second quarter. PNC Financial Services Group Inc. now owns 278,602 shares of the Wireless communications provider’s stock worth $66,380,000 after acquiring an additional 120,960 shares in the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TMUS. Wolfe Research decreased their price target on shares of 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. Royal Bank Of Canada reiterated a “buy” rating on shares of T-Mobile US in a research note on Friday, October 24th. Deutsche Bank Aktiengesellschaft raised their target price on T-Mobile US from $280.00 to $300.00 in a report on Thursday, October 2nd. Williams Trading set a $263.00 price target on T-Mobile US in a report on Friday, October 24th. Finally, HSBC raised shares of T-Mobile US from a “hold” rating to a “buy” rating and set a $285.00 price objective for the company in a research report on Friday, October 24th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $266.83.

Insiders Place Their Bets

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the company’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $240.08, for a total value of $16,767,187.20. Following the sale, the director owned 635,014,604 shares in the company, valued at approximately $152,454,306,128.32. This represents a 0.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders have sold 1,971,041 shares of company stock worth $470,946,486. 0.37% of the stock is owned by company insiders.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $214.57 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.89 and a debt-to-equity ratio of 1.37. T-Mobile US, Inc. has a fifty-two week low of $199.41 and a fifty-two week high of $276.49. The business has a 50 day moving average price of $227.14 and a two-hundred day moving average price of $236.03. The firm has a market cap of $240.00 billion, a PE ratio of 20.63, a price-to-earnings-growth ratio of 1.51 and a beta of 0.57.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 EPS for the quarter, beating the consensus estimate of $2.40 by $0.01. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.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 business posted $2.61 EPS. The business’s revenue was up 8.9% on a year-over-year basis. Sell-side analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be paid a dividend of $1.02 per share. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.88. The ex-dividend date is Wednesday, November 26th. This represents a $4.08 dividend on an annualized basis and a yield of 1.9%. T-Mobile US’s payout ratio is currently 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.