T-Mobile US, Inc. $TMUS Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 5.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,569,176 shares of the Wireless communications provider’s stock after selling 250,321 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.41% of T-Mobile US worth $1,088,652,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of TMUS. Activest Wealth Management grew its position in shares of T-Mobile US by 9,400.0% in the first quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 94 shares during the period. Missouri Trust & Investment Co boosted its position in T-Mobile US by 807.7% during the second quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 105 shares during the last quarter. Stone House Investment Management LLC acquired a new position in T-Mobile US during the first quarter worth about $29,000. TCTC Holdings LLC boosted its position in T-Mobile US by 208.1% during the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider’s stock worth $30,000 after acquiring an additional 77 shares during the last quarter. Finally, N.E.W. Advisory Services LLC acquired a new position in T-Mobile US during the first quarter worth about $47,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Activity

In related news, Director Telekom Ag Deutsche sold 1,374 shares of the company’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $220.46, for a total transaction of $302,912.04. Following the sale, the director directly owned 582,065,875 shares of the company’s stock, valued at $128,322,242,802.50. This represents a 0.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last quarter, insiders have sold 2,252,901 shares of company stock valued at $540,251,450. 0.37% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on TMUS shares. Zacks Research lowered shares of T-Mobile US from a “hold” rating to a “strong sell” rating in a research report on Monday, October 27th. Moffett Nathanson boosted their price target on shares of T-Mobile US from $210.00 to $230.00 and gave the stock a “neutral” rating in a research report on Thursday, October 2nd. The Goldman Sachs Group started coverage on shares of T-Mobile US in a research report on Tuesday, September 2nd. They set a “buy” rating and a $286.00 price target on the stock. DZ Bank restated a “buy” rating on shares of T-Mobile US in a research report on Tuesday, October 28th. Finally, Rothschild Redb upgraded shares of T-Mobile US to a “hold” rating in a research report on Tuesday, September 30th. Three analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $266.63.

T-Mobile US Price Performance

T-Mobile US stock opened at $210.05 on Monday. The company’s 50 day simple moving average is $235.18 and its 200-day simple moving average is $238.82. The company has a market capitalization of $234.94 billion, a price-to-earnings ratio of 20.20, a price-to-earnings-growth ratio of 1.51 and a beta of 0.59. T-Mobile US, Inc. has a 1 year low of $207.64 and a 1 year high of $276.49. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.89.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.40 by $0.01. The business had revenue of $21.96 billion for the quarter, compared to the consensus estimate of $21.61 billion. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The business’s revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.61 EPS. As a group, equities research analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be paid a $1.02 dividend. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.9%. T-Mobile US’s payout ratio is presently 39.23%.

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.