Mutual of America Capital Management LLC Sells 1,275 Shares of T-Mobile US, Inc. $TMUS

Mutual of America Capital Management LLC trimmed its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 2.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 63,981 shares of the Wireless communications provider’s stock after selling 1,275 shares during the period. Mutual of America Capital Management LLC’s holdings in T-Mobile US were worth $15,244,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Wellington Management Group LLP raised its stake in shares of T-Mobile US by 1.7% during the first quarter. Wellington Management Group LLP now owns 12,846,939 shares of the Wireless communications provider’s stock valued at $3,426,407,000 after acquiring an additional 214,224 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in T-Mobile US by 14.3% during the 1st quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider’s stock valued at $1,837,399,000 after acquiring an additional 864,030 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in T-Mobile US by 25.4% during 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of T-Mobile US by 4.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,050,797 shares of the Wireless communications provider’s stock worth $1,080,388,000 after acquiring an additional 169,562 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of T-Mobile US by 2.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,295,432 shares of the Wireless communications provider’s stock worth $878,925,000 after acquiring an additional 65,394 shares during the period. 42.49% of the stock is owned by institutional investors.

Insider Activity at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 64,426 shares of the stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $227.75, for a total transaction of $14,673,021.50. Following the sale, the director owned 627,717,621 shares in the company, valued at $142,962,688,182.75. 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 have sold a total of 2,412,919 shares of company stock worth $583,104,022 in the last 90 days. Corporate insiders own 0.37% of the company’s stock.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $229.33 on Friday. T-Mobile US, Inc. has a fifty-two week low of $208.39 and a fifty-two week high of $276.49. The company has a 50 day simple moving average of $241.95 and a two-hundred day simple moving average of $241.53. The company has a market capitalization of $258.09 billion, a price-to-earnings ratio of 21.63, a P/E/G ratio of 1.57 and a beta of 0.59. 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 (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $21.13 billion for the quarter, compared to analysts’ expectations of $20.99 billion. During the same quarter in the prior year, the company posted $2.49 earnings per share. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. Analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be issued a dividend of $1.02 per share. The ex-dividend date is Wednesday, November 26th. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.88. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.8%. T-Mobile US’s dividend payout ratio is currently 38.49%.

Wall Street Analysts Forecast Growth

TMUS has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of T-Mobile US in a report on Wednesday, October 8th. Bank of America initiated coverage on T-Mobile US in a report on Monday, July 7th. They set a “neutral” rating and a $255.00 target price on the stock. Wells Fargo & Company upgraded T-Mobile US from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $250.00 to $260.00 in a report on Thursday. Rothschild & Co Redburn upgraded T-Mobile US from a “sell” rating to a “neutral” rating and set a $228.00 target price on the stock in a report on Monday, July 7th. Finally, Moffett Nathanson raised their target price on shares of T-Mobile US from $210.00 to $230.00 and gave the company a “neutral” rating in a research note on Thursday, October 2nd. Three analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $266.17.

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.