T-Mobile US, Inc. $TMUS Shares Sold by Erste Asset Management GmbH

Erste Asset Management GmbH lessened its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUSFree Report) by 12.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 115,368 shares of the Wireless communications provider’s stock after selling 17,048 shares during the quarter. Erste Asset Management GmbH’s holdings in T-Mobile US were worth $23,426,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in TMUS. JDM Financial Group LLC grew its position 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 worth $25,000 after buying an additional 65 shares during the last quarter. Turning Point Benefit Group Inc. grew its position in T-Mobile US by 3,825.0% in the fourth 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 last quarter. United Community Bank grew its position in T-Mobile US by 78.8% in the fourth quarter. United Community Bank now owns 186 shares of the Wireless communications provider’s stock worth $38,000 after buying an additional 82 shares during the last quarter. Ares Financial Consulting LLC acquired a new position in T-Mobile US in the fourth quarter worth approximately $38,000. Finally, WHI TRUST Co LLC acquired a new position in T-Mobile US in the fourth quarter worth approximately $41,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

Key T-Mobile US News

Here are the key news stories impacting T-Mobile US this week:

Wall Street Analyst Weigh In

TMUS has been the topic of several recent research reports. DZ Bank restated a “buy” rating on shares of T-Mobile US in a research report on Wednesday, May 6th. Scotiabank decreased their price target on shares of T-Mobile US from $266.00 to $263.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, April 29th. KeyCorp upgraded shares of T-Mobile US from a “sector weight” rating to an “overweight” rating and set a $260.00 price target on the stock in a research report on Monday, April 13th. TD Cowen lifted their price target on shares of T-Mobile US from $252.00 to $261.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, Morgan Stanley initiated coverage on shares of T-Mobile US in a research report on Thursday, April 16th. They issued an “overweight” rating and a $260.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, T-Mobile US presently has a consensus rating of “Moderate Buy” and an average price target of $260.48.

Check Out Our Latest Research Report on T-Mobile US

Insider Buying and Selling

In related news, COO Jon Freier sold 4,799 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $190.00, for a total value of $911,810.00. Following the completion of the transaction, the chief operating officer owned 217,168 shares of the company’s stock, valued at approximately $41,261,920. This trade represents a 2.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Andre Almeida acquired 5,097 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was purchased at an average cost of $196.18 per share, with a total value of $999,929.46. Following the purchase, the insider directly owned 44,850 shares in the company, valued at approximately $8,798,673. This trade represents a 12.82% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.32% of the company’s stock.

T-Mobile US Stock Performance

T-Mobile US stock opened at $178.10 on Monday. The company has a 50 day moving average price of $193.65 and a 200 day moving average price of $200.58. T-Mobile US, Inc. has a 52 week low of $174.02 and a 52 week high of $261.56. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.97 and a current ratio of 1.09. The firm has a market capitalization of $192.74 billion, a price-to-earnings ratio of 18.95, a P/E/G ratio of 1.04 and a beta of 0.31.

T-Mobile US (NASDAQ:TMUSGet Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The Wireless communications provider reported $2.27 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.26. T-Mobile US had a net margin of 11.65% and a return on equity of 19.47%. The firm had revenue of $23.11 billion during the quarter, compared to analyst estimates of $22.98 billion. During the same quarter last year, the business posted $2.58 EPS. The company’s revenue was up 10.6% on a year-over-year basis. Research analysts forecast that T-Mobile US, Inc. will post 10.65 EPS for the current year.

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Friday, May 29th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $4.08 dividend on an annualized basis and a yield of 2.3%. T-Mobile US’s dividend payout ratio (DPR) is currently 43.40%.

T-Mobile US Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for T-Mobile US (NASDAQ:TMUS)

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