MASTERINVEST Kapitalanlage GmbH Reduces Stake in T-Mobile US, Inc. $TMUS

MASTERINVEST Kapitalanlage GmbH cut its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 34.7% in the first quarter, Holdings Channel reports. The fund owned 11,137 shares of the Wireless communications provider’s stock after selling 5,922 shares during the period. MASTERINVEST Kapitalanlage GmbH’s holdings in T-Mobile US were worth $2,339,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Signet Financial Management LLC increased its position in T-Mobile US by 54.1% during the first quarter. Signet Financial Management LLC now owns 10,810 shares of the Wireless communications provider’s stock worth $2,270,000 after purchasing an additional 3,793 shares during the last quarter. Sanctuary Advisors LLC boosted its holdings in T-Mobile US by 18.6% in the 1st quarter. Sanctuary Advisors LLC now owns 79,171 shares of the Wireless communications provider’s stock valued at $16,628,000 after purchasing an additional 12,413 shares during the last quarter. Cornerstone Advisory LLC purchased a new stake in shares of T-Mobile US in the 1st quarter valued at approximately $213,000. Checchi Capital Advisers LLC grew its stake in shares of T-Mobile US by 4.2% in the 1st quarter. Checchi Capital Advisers LLC now owns 7,272 shares of the Wireless communications provider’s stock valued at $1,527,000 after buying an additional 295 shares during the period. Finally, Nwam LLC increased its holdings in shares of T-Mobile US by 227.8% during the 1st quarter. Nwam LLC now owns 6,729 shares of the Wireless communications provider’s stock worth $1,413,000 after buying an additional 4,676 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insider Transactions at T-Mobile US

In related news, insider Michael J. Katz sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $195.81, for a total transaction of $979,050.00. Following the sale, the insider directly owned 181,930 shares of the company’s stock, valued at $35,623,713.30. This represents a 2.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Jon Freier sold 4,799 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $190.00, for a total transaction of $911,810.00. Following the sale, the chief operating officer owned 217,168 shares in the company, valued at approximately $41,261,920. This trade represents a 2.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.32% of the company’s stock.

T-Mobile US Trading Down 0.7%

Shares of NASDAQ TMUS opened at $187.13 on Wednesday. T-Mobile US, Inc. has a twelve month low of $165.66 and a twelve month high of $261.56. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.58. The stock has a fifty day simple moving average of $185.09 and a 200-day simple moving average of $196.42. The stock has a market capitalization of $202.51 billion, a PE ratio of 19.91, a PEG ratio of 1.11 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.26. T-Mobile US had a return on equity of 19.47% and a net margin of 11.65%.The firm had revenue of $23.11 billion for the quarter, compared to analyst estimates of $22.98 billion. During the same quarter in the prior year, the company earned $2.58 EPS. T-Mobile US’s revenue was up 10.6% on a year-over-year basis. On average, equities analysts forecast that T-Mobile US, Inc. will post 10.65 earnings per share for the current year.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be paid a dividend of $1.02 per share. The ex-dividend date is Friday, August 28th. This represents a $4.08 dividend on an annualized basis and a yield of 2.2%. T-Mobile US’s dividend payout ratio is 43.40%.

Analyst Ratings Changes

TMUS has been the topic of several analyst reports. Barclays reduced their price target on shares of T-Mobile US from $245.00 to $230.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 8th. Wall Street Zen raised T-Mobile US from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. TD Cowen lifted their target price on T-Mobile US from $252.00 to $261.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. KeyCorp raised T-Mobile US from a “sector weight” rating to an “overweight” rating and set a $260.00 price target on the stock in a research note on Monday, April 13th. Finally, Morgan Stanley lowered their price target on T-Mobile US from $260.00 to $230.00 and set an “overweight” rating for the company in a report on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, T-Mobile US presently has a consensus rating of “Moderate Buy” and an average price target of $255.76.

About T-Mobile US

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.