Braun Stacey Associates Inc. Sells 75,178 Shares of T-Mobile US, Inc. $TMUS

Braun Stacey Associates Inc. lessened its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 59.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,713 shares of the Wireless communications provider’s stock after selling 75,178 shares during the quarter. Braun Stacey Associates Inc.’s holdings in T-Mobile US were worth $8,506,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of TMUS. JDM Financial Group LLC boosted its stake in T-Mobile US by 114.0% during the fourth quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock worth $25,000 after buying an additional 65 shares in the last quarter. Main Street Group LTD acquired a new position in shares of T-Mobile US in the 1st quarter valued at $25,000. Paladin Partners LLC acquired a new position in shares of T-Mobile US in the 2nd quarter valued at $25,000. Dunhill Financial LLC bought a new position in shares of T-Mobile US during the 2nd quarter worth about $27,000. Finally, Swiss RE Ltd. acquired a new stake in shares of T-Mobile US during the 4th quarter valued at about $29,000. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Price Performance

NASDAQ:TMUS opened at $181.37 on Friday. The firm has a market cap of $194.55 billion, a PE ratio of 18.99, a price-to-earnings-growth ratio of 1.00 and a beta of 0.33. T-Mobile US, Inc. has a 12 month low of $165.66 and a 12 month high of $258.66. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 1.48. The company’s 50-day moving average price is $181.12 and its two-hundred day moving average price is $193.35.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.40. The company had revenue of $22.79 billion during the quarter, compared to analyst estimates of $22.95 billion. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The company’s revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the business posted $2.84 earnings per share. On average, equities analysts anticipate that T-Mobile US, Inc. will post 10.73 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 28th will be given a dividend of $1.02 per share. The ex-dividend date is Friday, August 28th. This represents a $4.08 dividend on an annualized basis and a yield of 2.2%. T-Mobile US’s dividend payout ratio is 42.72%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Wells Fargo & Company dropped their price target on shares of T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating for the company in a research report on Friday, July 24th. Morgan Stanley decreased their price objective on T-Mobile US from $260.00 to $230.00 and set an “overweight” rating on the stock in a report on Tuesday, July 7th. JPMorgan Chase & Co. reissued a “buy” rating on shares of T-Mobile US in a report on Tuesday, May 19th. TD Cowen cut their target price on T-Mobile US from $261.00 to $260.00 and set a “buy” rating for the company in a research report on Friday, July 24th. Finally, KeyCorp decreased their price target on T-Mobile US from $260.00 to $250.00 and set an “overweight” rating on the stock in a research note on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $252.08.

T-Mobile US Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.