T-Mobile US, Inc. $TMUS Shares Sold by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. lessened its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 0.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 393,534 shares of the Wireless communications provider’s stock after selling 3,291 shares during the period. Royal London Asset Management Ltd.’s holdings in T-Mobile US were worth $66,007,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of TMUS. Main Street Group LTD acquired a new stake in T-Mobile US during the first quarter worth $25,000. JDM Financial Group LLC increased its position in shares of T-Mobile US by 114.0% during the 4th quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 65 shares during the last quarter. Swiss RE Ltd. purchased a new stake in T-Mobile US in the 4th quarter valued at about $29,000. Paladin Partners LLC acquired a new position in T-Mobile US in the second quarter valued at about $25,000. Finally, Sachetta LLC boosted its stake in T-Mobile US by 52.9% during the first quarter. Sachetta LLC now owns 159 shares of the Wireless communications provider’s stock worth $33,000 after buying an additional 55 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $181.37 on Friday. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.92 and a quick ratio of 0.83. The company has a market cap of $194.55 billion, a price-to-earnings ratio of 18.99, a price-to-earnings-growth ratio of 1.00 and a beta of 0.33. The stock’s 50-day moving average is $181.12 and its two-hundred day moving average is $193.35. T-Mobile US, Inc. has a 1-year low of $165.66 and a 1-year high of $258.66.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS for the quarter, topping analysts’ consensus estimates of $2.59 by $0.40. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The business had revenue of $22.79 billion during the quarter, compared to the consensus estimate of $22.95 billion. During the same period in the previous year, the company posted $2.84 earnings per share. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. Analysts forecast that T-Mobile US, Inc. will post 10.73 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.2%. The ex-dividend date is Friday, August 28th. T-Mobile US’s payout ratio is 42.72%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Barclays decreased their price objective on shares of T-Mobile US from $230.00 to $215.00 and set an “overweight” rating on the stock in a report on Friday, July 24th. DZ Bank restated a “buy” rating on shares of T-Mobile US in a research report on Wednesday, May 6th. Benchmark cut their price objective on T-Mobile US from $295.00 to $280.00 and set a “buy” rating on the stock in a report on Friday, July 24th. Royal Bank Of Canada lowered their target price on T-Mobile US from $240.00 to $230.00 and set an “outperform” rating for the company in a report on Monday, July 20th. Finally, UBS Group dropped their target price on T-Mobile US from $255.00 to $235.00 and set a “buy” rating for the company in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $252.08.

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.