Quilter Plc Sells 13,091 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Quilter Plc cut its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 3.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 414,882 shares of the Wireless communications provider’s stock after selling 13,091 shares during the quarter. T-Mobile US comprises about 2.3% of Quilter Plc’s portfolio, making the stock its 13th biggest holding. Quilter Plc’s holdings in T-Mobile US were worth $110,653,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Godsey & Gibb Inc. increased its holdings in shares of T-Mobile US by 139.5% during the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider’s stock worth $27,000 after purchasing an additional 60 shares during the period. Rakuten Securities Inc. increased its stake in T-Mobile US by 93.9% during the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 62 shares during the period. CoreFirst Bank & Trust acquired a new position in T-Mobile US in the 4th quarter valued at $28,000. Adirondack Trust Co. raised its holdings in T-Mobile US by 366.7% in the 1st quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider’s stock valued at $37,000 after acquiring an additional 110 shares in the last quarter. Finally, City Holding Co. lifted its position in shares of T-Mobile US by 45.3% during the 1st quarter. City Holding Co. now owns 138 shares of the Wireless communications provider’s stock valued at $37,000 after acquiring an additional 43 shares during the period. 42.49% of the stock is owned by institutional investors and hedge funds.

T-Mobile US Trading Up 0.2%

TMUS opened at $231.42 on Friday. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.16 and a quick ratio of 1.08. T-Mobile US, Inc. has a fifty-two week low of $173.74 and a fifty-two week high of $276.49. The company’s 50 day moving average price is $240.54 and its two-hundred day moving average price is $242.79. The firm has a market capitalization of $262.76 billion, a price-to-earnings ratio of 22.58, a PEG ratio of 1.27 and a beta of 0.64.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share for the quarter, topping the consensus estimate of $2.48 by $0.10. The company had revenue of $20.89 billion for the quarter, compared to analysts’ expectations of $20.67 billion. T-Mobile US had a net margin of 14.41% and a return on equity of 19.09%. T-Mobile US’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.00 earnings per share. As a group, research analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be paid a $0.88 dividend. The ex-dividend date is Friday, August 29th. This represents a $3.52 annualized dividend and a dividend yield of 1.52%. T-Mobile US’s payout ratio is 34.34%.

Insider Transactions at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction on Monday, June 16th. The shares were sold at an average price of $230.16, for a total transaction of $16,074,374.40. Following the completion of the sale, the director now directly owns 588,274,099 shares in the company, valued at $135,397,166,625.84. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold 419,040 shares of company stock worth $94,880,434 over the last ninety days. 0.37% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Scotiabank upgraded T-Mobile US from a “sector perform” rating to a “sector outperform” rating and raised their price target for the stock from $275.00 to $277.50 in a research report on Wednesday, April 30th. HSBC cut shares of T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 target price for the company. in a research report on Wednesday, March 5th. Hsbc Global Res lowered shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 5th. UBS Group cut shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 21st. Finally, Tigress Financial upped their target price on T-Mobile US from $290.00 to $305.00 and gave the stock a “buy” rating in a research note on Tuesday, April 29th. Eleven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $257.68.

T-Mobile US 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.