Sterling Capital Management LLC Lowers Holdings in T-Mobile US, Inc. $TMUS

Sterling Capital Management LLC reduced its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 6.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 66,523 shares of the Wireless communications provider’s stock after selling 4,913 shares during the period. Sterling Capital Management LLC’s holdings in T-Mobile US were worth $15,850,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Activest Wealth Management increased its position in shares of T-Mobile US by 9,400.0% during the first quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 94 shares in the last quarter. Missouri Trust & Investment Co boosted its stake in T-Mobile US by 807.7% during the 2nd quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 105 shares during the last quarter. Stone House Investment Management LLC bought a new stake in shares of T-Mobile US in the 1st quarter worth $29,000. TCTC Holdings LLC raised its stake in shares of T-Mobile US by 208.1% in the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider’s stock worth $30,000 after purchasing an additional 77 shares during the last quarter. Finally, N.E.W. Advisory Services LLC bought a new position in shares of T-Mobile US during the first quarter valued at $47,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insider Buying and Selling

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the firm’s stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $250.87, for a total value of $17,520,760.80. Following the completion of the transaction, the director directly owned 636,271,724 shares of the company’s stock, valued at approximately $159,621,487,399.88. This trade represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 2,113,221 shares of company stock valued at $506,386,034. 0.37% of the stock is currently owned by insiders.

Analyst Ratings Changes

TMUS has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft lifted their price objective on T-Mobile US from $280.00 to $300.00 in a report on Thursday, October 2nd. Cowen reiterated a “buy” rating on shares of T-Mobile US in a research note on Friday, October 24th. Raymond James Financial raised shares of T-Mobile US to a “hold” rating in a report on Wednesday, October 1st. Barclays dropped their target price on shares of T-Mobile US from $250.00 to $240.00 and set an “overweight” rating on the stock in a report on Friday, October 24th. Finally, Hsbc Global Res upgraded T-Mobile US from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 24th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $266.63.

T-Mobile US Stock Performance

Shares of TMUS opened at $201.01 on Friday. The business has a 50-day simple moving average of $231.39 and a two-hundred day simple moving average of $237.52. The company has a quick ratio of 0.80, a current ratio of 0.89 and a debt-to-equity ratio of 1.37. T-Mobile US, Inc. has a 52 week low of $199.41 and a 52 week high of $276.49. The stock has a market cap of $224.83 billion, a price-to-earnings ratio of 19.33, a PEG ratio of 1.51 and a beta of 0.57.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data 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. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The company had revenue of $21.96 billion during the quarter, compared to the consensus estimate of $21.61 billion. During the same period in the previous year, the company posted $2.61 EPS. The firm’s revenue was up 8.9% on a year-over-year basis. On average, analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be issued a dividend of $1.02 per share. This is a boost from T-Mobile US’s previous quarterly dividend of $0.88. This represents a $4.08 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, November 26th. T-Mobile US’s payout ratio is 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.