Summit Global Investments Sells 3,071 Shares of T-Mobile US, Inc. $TMUS

Summit Global Investments trimmed its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 40.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,606 shares of the Wireless communications provider’s stock after selling 3,071 shares during the quarter. Summit Global Investments’ holdings in T-Mobile US were worth $967,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. JDM Financial Group LLC lifted its stake in T-Mobile US by 114.0% in the fourth quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 65 shares during the period. Main Street Group LTD acquired a new stake in shares of T-Mobile US during the 1st quarter worth approximately $25,000. Swiss RE Ltd. acquired a new stake in shares of T-Mobile US during the 4th quarter worth approximately $29,000. Turning Point Benefit Group Inc. grew its position in shares of T-Mobile US by 3,825.0% during the 4th quarter. Turning Point Benefit Group Inc. now owns 157 shares of the Wireless communications provider’s stock worth $32,000 after buying an additional 153 shares during the period. Finally, Sachetta LLC increased its stake in shares of T-Mobile US by 52.9% in the 1st quarter. Sachetta LLC now owns 159 shares of the Wireless communications provider’s stock valued at $33,000 after acquiring an additional 55 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

Insider Activity

In other news, COO Jon Freier sold 4,799 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $190.00, for a total transaction of $911,810.00. Following the completion of the sale, the chief operating officer directly owned 217,168 shares of the company’s stock, valued at $41,261,920. The trade was a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Andre Almeida bought 5,097 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was acquired at an average price of $196.18 per share, for a total transaction of $999,929.46. Following the acquisition, the insider directly owned 44,850 shares in the company, valued at $8,798,673. The trade was a 12.82% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 0.32% of the company’s stock.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $190.77 on Wednesday. T-Mobile US, Inc. has a twelve month low of $165.66 and a twelve month high of $261.56. The stock’s 50 day moving average is $184.97 and its 200-day moving average is $196.06. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.58. The firm has a market capitalization of $206.45 billion, a price-to-earnings ratio of 20.29, a PEG ratio of 1.16 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.26. The business had revenue of $23.11 billion during the quarter, compared to the consensus estimate of $22.98 billion. T-Mobile US had a net margin of 11.65% and a return on equity of 19.47%. T-Mobile US’s revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the firm posted $2.58 EPS. Sell-side analysts forecast that T-Mobile US, Inc. will post 10.53 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, August 28th. T-Mobile US’s dividend payout ratio (DPR) is 43.40%.

Analyst Ratings Changes

TMUS has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft dropped their target price on shares of T-Mobile US from $300.00 to $285.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. DZ Bank reaffirmed a “buy” rating on shares of T-Mobile US in a research note on Wednesday, May 6th. Weiss Ratings lowered shares of T-Mobile US from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 15th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of T-Mobile US in a report on Tuesday, May 19th. Finally, Wells Fargo & Company assumed coverage on shares of T-Mobile US in a research report on Wednesday, July 8th. They set an “equal weight” rating and a $170.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $254.56.

T-Mobile US Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.