Balentine LLC Trims Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Balentine LLC trimmed its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 88.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,548 shares of the Wireless communications provider’s stock after selling 11,318 shares during the quarter. Balentine LLC’s holdings in T-Mobile US were worth $273,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Andra AP fonden boosted its stake in T-Mobile US by 139.5% during the second quarter. Andra AP fonden now owns 185,400 shares of the Wireless communications provider’s stock valued at $32,664,000 after buying an additional 108,000 shares during the period. Royal London Asset Management Ltd. boosted its position in shares of T-Mobile US by 83.7% during the 2nd quarter. Royal London Asset Management Ltd. now owns 374,200 shares of the Wireless communications provider’s stock valued at $65,927,000 after acquiring an additional 170,532 shares during the last quarter. Dorsey & Whitney Trust CO LLC grew its holdings in shares of T-Mobile US by 14.6% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 6,607 shares of the Wireless communications provider’s stock worth $1,164,000 after purchasing an additional 844 shares in the last quarter. Invesco LLC increased its position in shares of T-Mobile US by 13.0% in the second quarter. Invesco LLC now owns 4,555 shares of the Wireless communications provider’s stock worth $802,000 after purchasing an additional 525 shares during the last quarter. Finally, LGT Fund Management Co Ltd. raised its stake in T-Mobile US by 1.1% in the second quarter. LGT Fund Management Co Ltd. now owns 11,536 shares of the Wireless communications provider’s stock valued at $2,032,000 after purchasing an additional 121 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.

Insider Transactions at T-Mobile US

In related news, Director Raul Marcelo Claure sold 2,706 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $200.11, for a total value of $541,497.66. Following the completion of the transaction, the director now directly owns 1,826,204 shares of the company’s stock, valued at $365,441,682.44. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other T-Mobile US news, Director Raul Marcelo Claure sold 2,706 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $200.11, for a total value of $541,497.66. Following the completion of the transaction, the director now owns 1,826,204 shares in the company, valued at $365,441,682.44. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Telekom Ag Deutsche sold 133,461 shares of the business’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $173.10, for a total transaction of $23,102,099.10. Following the sale, the director now owns 671,752,404 shares in the company, valued at approximately $116,280,341,132.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,109,346 shares of company stock valued at $198,743,322. Company insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TMUS. Citigroup raised their price objective on shares of T-Mobile US from $184.00 to $210.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Benchmark raised their price target on T-Mobile US from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Tigress Financial lifted their price target on T-Mobile US from $205.00 to $235.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Evercore ISI upgraded T-Mobile US to a “hold” rating in a research report on Thursday, August 1st. Finally, TD Cowen boosted their target price on T-Mobile US from $202.00 to $216.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, T-Mobile US presently has an average rating of “Buy” and an average target price of $198.63.

T-Mobile US Stock Up 1.2 %

NASDAQ TMUS opened at $195.30 on Tuesday. T-Mobile US, Inc. has a 1 year low of $135.82 and a 1 year high of $205.28. The stock has a market capitalization of $227.87 billion, a PE ratio of 26.57, a PEG ratio of 0.72 and a beta of 0.51. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.84 and a quick ratio of 0.78. The business’s 50-day moving average is $188.47 and its 200 day moving average is $174.31.

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

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Friday, August 30th will be issued a $0.65 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.60 annualized dividend and a yield of 1.33%. T-Mobile US’s dividend payout ratio (DPR) is presently 35.37%.

About T-Mobile US

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.