Cooper Financial Group Reduces Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Cooper Financial Group trimmed its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 10.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,103 shares of the Wireless communications provider’s stock after selling 937 shares during the quarter. Cooper Financial Group’s holdings in T-Mobile US were worth $2,161,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Atlas Capital Advisors Inc. lifted its stake in shares of T-Mobile US by 7.7% during the 1st quarter. Atlas Capital Advisors Inc. now owns 8,792 shares of the Wireless communications provider’s stock valued at $2,345,000 after buying an additional 628 shares in the last quarter. Fiduciary Family Office LLC purchased a new stake in shares of T-Mobile US during the 1st quarter valued at approximately $1,719,000. Benjamin Edwards Inc. lifted its stake in shares of T-Mobile US by 24.8% during the 1st quarter. Benjamin Edwards Inc. now owns 210,843 shares of the Wireless communications provider’s stock valued at $56,234,000 after buying an additional 41,936 shares in the last quarter. Koss Olinger Consulting LLC purchased a new stake in shares of T-Mobile US during the 1st quarter valued at approximately $548,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of T-Mobile US by 4.3% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 172,801 shares of the Wireless communications provider’s stock valued at $46,088,000 after buying an additional 7,169 shares in the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on TMUS. KeyCorp restated an “underweight” rating and set a $200.00 price target on shares of T-Mobile US in a research note on Wednesday, July 9th. Bank of America assumed coverage on shares of T-Mobile US in a report on Monday, July 7th. They set a “neutral” rating and a $255.00 target price on the stock. Scotiabank raised shares of T-Mobile US from a “sector perform” rating to a “sector outperform” rating and upped their target price for the stock from $275.00 to $277.50 in a report on Wednesday, April 30th. Morgan Stanley upped their target price on shares of T-Mobile US from $265.00 to $285.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. Finally, Royal Bank Of Canada upped their target price on shares of T-Mobile US from $265.00 to $270.00 and gave the stock a “sector perform” rating in a report on Friday, July 25th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $256.31.

T-Mobile US Price Performance

TMUS stock opened at $244.98 on Friday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. T-Mobile US, Inc. has a 52 week low of $192.11 and a 52 week high of $276.49. The firm’s fifty day moving average is $234.84 and its 200 day moving average is $246.33. The firm has a market cap of $275.71 billion, a P/E ratio of 23.11, a P/E/G ratio of 1.35 and a beta of 0.62.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, beating the consensus estimate of $2.69 by $0.15. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The company had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.99 billion. During the same quarter last year, the firm earned $2.49 EPS. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. Research analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $3.52 annualized dividend and a yield of 1.4%. T-Mobile US’s dividend payout ratio is presently 33.21%.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, insider Callie R. Field sold 12,300 shares of the stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $240.80, for a total transaction of $2,961,840.00. Following the completion of the sale, the insider owned 110,891 shares of the company’s stock, valued at $26,702,552.80. This represents a 9.98% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jon Freier sold 7,000 shares of the stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $250.00, for a total transaction of $1,750,000.00. Following the sale, the insider directly owned 199,643 shares of the company’s stock, valued at $49,910,750. The trade was a 3.39% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,764,850 shares of company stock valued at $410,591,012 in the last quarter. Company insiders own 0.37% of the company’s stock.

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.