Toronto Dominion Bank Sells 23,510 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Toronto Dominion Bank reduced its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 10.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 207,384 shares of the Wireless communications provider’s stock after selling 23,510 shares during the quarter. Toronto Dominion Bank’s holdings in T-Mobile US were worth $33,849,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TMUS. Axxcess Wealth Management LLC increased its stake in shares of T-Mobile US by 60.4% in the 1st quarter. Axxcess Wealth Management LLC now owns 5,520 shares of the Wireless communications provider’s stock valued at $901,000 after acquiring an additional 2,078 shares during the last quarter. CreativeOne Wealth LLC bought a new stake in shares of T-Mobile US in the 1st quarter valued at about $267,000. EntryPoint Capital LLC increased its stake in shares of T-Mobile US by 80.7% in the 1st quarter. EntryPoint Capital LLC now owns 253 shares of the Wireless communications provider’s stock valued at $41,000 after acquiring an additional 113 shares during the last quarter. Vident Advisory LLC increased its stake in shares of T-Mobile US by 23.5% in the 1st quarter. Vident Advisory LLC now owns 243,356 shares of the Wireless communications provider’s stock valued at $39,721,000 after acquiring an additional 46,348 shares during the last quarter. Finally, Shell Asset Management Co. increased its stake in shares of T-Mobile US by 52.9% in the 1st quarter. Shell Asset Management Co. now owns 11,442 shares of the Wireless communications provider’s stock valued at $1,868,000 after acquiring an additional 3,961 shares during the last quarter. 42.49% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on TMUS. Citigroup upped their price target on T-Mobile US from $184.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Bank of America boosted their price objective on T-Mobile US from $175.00 to $195.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Royal Bank of Canada boosted their price objective on T-Mobile US from $184.00 to $188.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. StockNews.com lowered T-Mobile US from a “buy” rating to a “hold” rating in a research report on Tuesday, July 16th. Finally, TD Cowen decreased their price objective on T-Mobile US from $204.00 to $202.00 and set a “buy” rating for the company in a research report on Friday, April 26th. One investment analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $194.07.

Insider Transactions at T-Mobile US

In other news, insider Michael J. Katz sold 3,000 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $177.59, for a total transaction of $532,770.00. Following the sale, the insider now directly owns 122,687 shares of the company’s stock, valued at approximately $21,787,984.33. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CAO Dara Bazzano sold 4,300 shares of T-Mobile US stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $179.78, for a total transaction of $773,054.00. Following the sale, the chief accounting officer now directly owns 6,202 shares of the company’s stock, valued at $1,114,995.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael J. Katz sold 3,000 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $177.59, for a total value of $532,770.00. Following the transaction, the insider now owns 122,687 shares of the company’s stock, valued at $21,787,984.33. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,578,798 shares of company stock valued at $777,670,357. 0.67% of the stock is owned by corporate insiders.

T-Mobile US Stock Performance

TMUS traded up $0.39 during trading hours on Friday, reaching $175.53. The company’s stock had a trading volume of 3,116,924 shares, compared to its average volume of 4,741,057. T-Mobile US, Inc. has a 52 week low of $131.47 and a 52 week high of $185.42. The company’s 50-day moving average is $176.10 and its 200-day moving average is $167.34. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.86 and a current ratio of 0.94. The firm has a market cap of $205.69 billion, a PE ratio of 23.88, a price-to-earnings-growth ratio of 0.72 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.17. The firm had revenue of $19.59 billion for the quarter, compared to analysts’ expectations of $19.81 billion. T-Mobile US had a return on equity of 13.61% and a net margin of 11.15%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter last year, the business earned $1.58 EPS. On average, equities analysts forecast that T-Mobile US, Inc. will post 8.99 EPS for the current year.

T-Mobile US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Friday, August 30th. T-Mobile US’s dividend payout ratio (DPR) is currently 35.37%.

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.