VestGen Advisors LLC Reduces Position in T-Mobile US, Inc. $TMUS

VestGen Advisors LLC trimmed its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 56.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,495 shares of the Wireless communications provider’s stock after selling 4,539 shares during the quarter. VestGen Advisors LLC’s holdings in T-Mobile US were worth $833,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank purchased a new stake in T-Mobile US during the 2nd quarter worth about $1,477,780,000. Nuveen LLC acquired a new position in shares of T-Mobile US in the first quarter valued at approximately $618,248,000. Assenagon Asset Management S.A. boosted its position in T-Mobile US by 518.8% during the second quarter. Assenagon Asset Management S.A. now owns 1,383,922 shares of the Wireless communications provider’s stock worth $329,733,000 after acquiring an additional 1,160,275 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in T-Mobile US by 14.3% in the 1st quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider’s stock worth $1,837,399,000 after acquiring an additional 864,030 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in T-Mobile US by 25.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,172,644 shares of the Wireless communications provider’s stock valued at $1,112,886,000 after acquiring an additional 844,932 shares during the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

T-Mobile US Stock Up 1.7%

TMUS opened at $210.13 on Wednesday. T-Mobile US, Inc. has a 1 year low of $199.41 and a 1 year high of $276.49. The firm has a 50 day moving average price of $219.08 and a 200 day moving average price of $232.80. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.89. The company has a market cap of $235.03 billion, a PE ratio of 20.20, a price-to-earnings-growth ratio of 1.51 and a beta of 0.57.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.01. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. 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 firm earned $2.61 earnings per share. T-Mobile US’s revenue for the quarter was up 8.9% on a year-over-year basis. Sell-side 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 announced a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Wednesday, November 26th. This is an increase from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s dividend payout ratio (DPR) is 39.23%.

Insider Activity

In other news, Director G Michael Sievert sold 22,500 shares of the business’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $216.97, for a total transaction of $4,881,825.00. Following the transaction, the director directly owned 308,696 shares of the company’s stock, valued at approximately $66,977,771.12. The trade was a 6.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michael J. Katz sold 2,500 shares of the company’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $215.91, for a total transaction of $539,775.00. Following the completion of the transaction, the insider owned 156,203 shares of the company’s stock, valued at $33,725,789.73. This trade represents a 1.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,509,661 shares of company stock worth $351,691,810 over the last three months. Insiders own 0.37% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on TMUS shares. TD Cowen decreased their price objective on T-Mobile US from $291.00 to $263.00 and set a “buy” rating on the stock in a report on Friday, October 24th. Scotiabank increased their target price on T-Mobile US from $271.50 to $278.00 and gave the stock a “sector outperform” rating in a research report on Monday, October 6th. Royal Bank Of Canada reissued a “buy” rating on shares of T-Mobile US in a research note on Friday, October 24th. HSBC upgraded T-Mobile US from a “hold” rating to a “buy” rating and set a $285.00 price target for the company in a report on Friday, October 24th. Finally, Raymond James Financial upgraded shares of T-Mobile US to a “hold” rating in a report on Wednesday, October 1st. Three research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $266.83.

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.