Tevis Investment Management Sells 94 Shares of T-Mobile US, Inc. $TMUS

Tevis Investment Management reduced its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 5.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,639 shares of the Wireless communications provider’s stock after selling 94 shares during the quarter. Tevis Investment Management’s holdings in T-Mobile US were worth $391,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Wellington Management Group LLP grew 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 purchasing an additional 214,224 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in shares of T-Mobile US by 14.3% during the first 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 purchasing an additional 864,030 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of T-Mobile US by 25.4% during the first 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 purchasing an additional 844,932 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in T-Mobile US by 4.4% in the first 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 valued at $1,080,388,000 after buying an additional 169,562 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in T-Mobile US by 2.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,295,432 shares of the Wireless communications provider’s stock valued at $878,925,000 after buying an additional 65,394 shares during the period. 42.49% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other T-Mobile US news, Director Telekom Ag Deutsche sold 856 shares of the stock in a transaction on Friday, October 24th. The shares were sold at an average price of $220.03, for a total value of $188,345.68. Following the sale, the director directly owned 582,185,182 shares in the company, valued at approximately $128,098,205,595.46. This trade represents a 0.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold 2,343,114 shares of company stock valued at $564,035,506 in the last quarter. Company insiders own 0.37% of the company’s stock.

T-Mobile US Trading Up 1.3%

TMUS opened at $220.68 on Tuesday. The firm’s fifty day moving average is $238.61 and its two-hundred day moving average is $240.28. 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 firm has a market cap of $248.36 billion, a PE ratio of 21.22, a price-to-earnings-growth ratio of 1.48 and a beta of 0.59. T-Mobile US, Inc. has a twelve month low of $208.39 and a twelve month high of $276.49.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.01. The company had revenue of $21.96 billion for the quarter, compared to analyst estimates of $21.61 billion. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period last year, the business posted $2.61 earnings per share. Equities research analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 1.8%. This is a boost from T-Mobile US’s previous quarterly dividend of $0.88. The ex-dividend date is Wednesday, November 26th. T-Mobile US’s dividend payout ratio (DPR) is 39.23%.

Analyst Ratings Changes

Several equities analysts recently weighed in on TMUS shares. Bank of America started coverage on shares of T-Mobile US in a report on Monday, July 7th. They issued a “neutral” rating and a $255.00 price objective on the stock. Raymond James Financial upgraded shares of T-Mobile US to a “hold” rating in a report on Wednesday, October 1st. Deutsche Bank Aktiengesellschaft increased their price objective on shares of T-Mobile US from $280.00 to $300.00 in a report on Thursday, October 2nd. TD Cowen cut their price objective on shares of T-Mobile US from $291.00 to $263.00 and set a “buy” rating on the stock in a report on Friday. Finally, Cowen restated a “buy” rating on shares of T-Mobile US in a report on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $268.22.

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.