T-Mobile US, Inc. $TMUS Shares Sold by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. lessened its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 0.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 393,534 shares of the Wireless communications provider’s stock after selling 3,291 shares during the period. Royal London Asset Management Ltd.’s holdings in T-Mobile US were worth $66,007,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in TMUS. JDM Financial Group LLC grew its position in shares of T-Mobile US by 114.0% in the 4th quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 65 shares during the last quarter. Main Street Group LTD purchased a new position in shares of T-Mobile US during the first quarter worth about $25,000. Paladin Partners LLC purchased a new position in shares of T-Mobile US during the second quarter worth about $25,000. Dunhill Financial LLC acquired a new stake in shares of T-Mobile US during the second quarter worth about $27,000. Finally, Swiss RE Ltd. purchased a new stake in shares of T-Mobile US in the 4th quarter valued at about $29,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Analyst Ratings Changes

TMUS has been the topic of a number of research reports. DZ Bank restated a “buy” rating on shares of T-Mobile US in a research note on Wednesday, May 6th. Arete Research increased their price objective on T-Mobile US from $295.00 to $300.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. TD Cowen cut their target price on shares of T-Mobile US from $261.00 to $260.00 and set a “buy” rating on the stock in a report on Friday, July 24th. Barclays decreased their price target on shares of T-Mobile US from $230.00 to $215.00 and set an “overweight” rating for the company in a research note on Friday, July 24th. Finally, Wolfe Research reissued a “peer perform” rating on shares of T-Mobile US in a research report on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $252.08.

T-Mobile US Price Performance

Shares of TMUS opened at $181.37 on Friday. T-Mobile US, Inc. has a twelve month low of $165.66 and a twelve month high of $258.66. The stock’s 50 day moving average is $181.12 and its two-hundred day moving average is $193.35. The firm has a market capitalization of $194.55 billion, a PE ratio of 18.99, a P/E/G ratio of 1.00 and a beta of 0.33. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 1.48.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.59 by $0.40. The business had revenue of $22.79 billion during the quarter, compared to the consensus estimate of $22.95 billion. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the prior year, the business posted $2.84 EPS. Research analysts anticipate that T-Mobile US, Inc. will post 10.73 earnings per share for the current year.

T-Mobile US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be given a $1.02 dividend. The ex-dividend date is Friday, August 28th. This represents a $4.08 annualized dividend and a yield of 2.2%. T-Mobile US’s dividend payout ratio is presently 42.72%.

T-Mobile US Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.