BW Gestao de Investimentos Ltda. Trims Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

BW Gestao de Investimentos Ltda. lowered its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 29.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 121,863 shares of the Wireless communications provider’s stock after selling 50,000 shares during the quarter. T-Mobile US makes up about 1.2% of BW Gestao de Investimentos Ltda.’s investment portfolio, making the stock its 14th largest holding. BW Gestao de Investimentos Ltda.’s holdings in T-Mobile US were worth $21,470,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. WASHINGTON TRUST Co boosted its holdings in shares of T-Mobile US by 143.1% during the 2nd quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 83 shares in the last quarter. Private Wealth Management Group LLC bought a new stake in shares of T-Mobile US in the 4th quarter worth approximately $27,000. Summit Securities Group LLC purchased a new stake in shares of T-Mobile US in the 2nd quarter worth approximately $27,000. Westside Investment Management Inc. increased its position in T-Mobile US by 75.8% during the 1st quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 75 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in T-Mobile US in the second quarter worth $30,000. Institutional investors own 42.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on TMUS shares. The Goldman Sachs Group assumed coverage on shares of T-Mobile US in a research note on Monday, July 1st. They issued a “buy” rating and a $200.00 price target on the stock. TD Cowen upped their target price on shares of T-Mobile US from $202.00 to $216.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Sanford C. Bernstein raised T-Mobile US to a “strong-buy” rating in a report on Wednesday, July 31st. StockNews.com upgraded shares of T-Mobile US from a “hold” rating to a “buy” rating in a research note on Tuesday, July 30th. Finally, Benchmark raised their price objective on shares of T-Mobile US from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $198.63.

Insider Buying and Selling at T-Mobile US

In related news, insider Michael J. Katz sold 3,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 122,687 shares of the company’s stock, valued at approximately $21,787,984.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Michael J. Katz sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $177.59, for a total transaction of $532,770.00. Following the transaction, the insider now directly owns 122,687 shares of the company’s stock, valued at $21,787,984.33. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jon Freier sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $181.87, for a total value of $1,818,700.00. Following the completion of the sale, the insider now owns 162,628 shares of the company’s stock, valued at approximately $29,577,154.36. The disclosure for this sale can be found here. Insiders have sold 1,806,458 shares of company stock worth $324,393,935 over the last quarter. Insiders own 0.67% of the company’s stock.

T-Mobile US Price Performance

Shares of NASDAQ TMUS traded down $1.36 during midday trading on Monday, reaching $198.72. 3,915,100 shares of the stock traded hands, compared to its average volume of 4,642,975. T-Mobile US, Inc. has a one year low of $132.40 and a one year high of $205.28. The stock has a market capitalization of $231.86 billion, a PE ratio of 27.04, a P/E/G ratio of 0.74 and a beta of 0.51. The company’s 50 day moving average is $186.09 and its 200 day moving average is $172.82. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.84 and a quick ratio of 0.78.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, topping the consensus estimate of $2.27 by $0.22. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The company had revenue of $19.77 billion during the quarter, compared to analyst estimates of $19.61 billion. The firm’s revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the business posted $1.86 earnings per share. On average, equities research analysts anticipate that T-Mobile US, Inc. will post 9.18 earnings per share for the current year.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend is Friday, August 30th. T-Mobile US’s payout ratio is 35.37%.

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.