T-Mobile US, Inc. (NASDAQ:TMUS) Stock Position Reduced by Exane Asset Management

Exane Asset Management lessened its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 69.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 43,213 shares of the Wireless communications provider’s stock after selling 99,764 shares during the quarter. T-Mobile US comprises approximately 5.3% of Exane Asset Management’s portfolio, making the stock its 7th largest position. Exane Asset Management’s holdings in T-Mobile US were worth $7,613,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in TMUS. WASHINGTON TRUST Co raised its stake in shares of T-Mobile US by 143.1% in the 2nd quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 83 shares during the period. Summit Securities Group LLC purchased a new stake in T-Mobile US during the 2nd quarter worth about $27,000. Private Wealth Management Group LLC acquired a new stake in T-Mobile US in the 4th quarter valued at about $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of T-Mobile US during the second quarter worth approximately $30,000. Finally, Westside Investment Management Inc. lifted its stake in T-Mobile US by 75.8% in the first quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 75 shares during the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other T-Mobile US news, insider Michael J. Katz sold 3,000 shares of the business’s stock in a transaction 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 sale, the insider now directly owns 122,687 shares in the company, valued at approximately $21,787,984.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Michael J. Katz sold 3,000 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $177.59, for a total value of $532,770.00. Following the sale, the insider now directly owns 122,687 shares in the company, valued at $21,787,984.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Telekom Ag Deutsche sold 133,461 shares of T-Mobile US stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $173.10, for a total value of $23,102,099.10. Following the sale, the director now owns 671,752,404 shares of the company’s stock, valued at approximately $116,280,341,132.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,109,346 shares of company stock worth $198,743,322. 0.67% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TMUS. Evercore ISI upgraded shares of T-Mobile US to a “hold” rating in a research note on Thursday, August 1st. The Goldman Sachs Group initiated coverage on T-Mobile US in a report on Monday, July 1st. They issued a “buy” rating and a $200.00 price objective on the stock. Sanford C. Bernstein upgraded T-Mobile US to a “strong-buy” rating in a research note on Wednesday, July 31st. Bank of America increased their price target on shares of T-Mobile US from $175.00 to $195.00 and gave the company a “buy” rating in a research note on Monday, June 10th. Finally, Scotiabank upped their target price on shares of T-Mobile US from $194.50 to $197.00 and gave the company a “sector outperform” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, T-Mobile US has a consensus rating of “Buy” and a consensus target price of $198.63.

T-Mobile US Stock Performance

Shares of 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 P/E ratio of 26.57, a P/E/G ratio of 0.72 and a beta of 0.51. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.78 and a current ratio of 0.84. The company’s fifty day moving average is $188.47 and its two-hundred day moving average is $174.31.

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

T-Mobile US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Friday, August 30th will be issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Friday, August 30th. T-Mobile US’s dividend payout ratio 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.