Tobam Has $183,000 Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Tobam lessened its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 51.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,038 shares of the Wireless communications provider’s stock after selling 1,084 shares during the period. Tobam’s holdings in T-Mobile US were worth $183,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of TMUS. Norges Bank acquired a new position in shares of T-Mobile US during the fourth quarter worth approximately $3,338,708,000. Wellington Management Group LLP increased its holdings in shares of T-Mobile US by 200.0% during the fourth quarter. Wellington Management Group LLP now owns 6,362,601 shares of the Wireless communications provider’s stock valued at $1,020,116,000 after acquiring an additional 4,241,877 shares in the last quarter. Putnam Investments LLC lifted its holdings in shares of T-Mobile US by 74.6% during the 4th quarter. Putnam Investments LLC now owns 3,939,221 shares of the Wireless communications provider’s stock valued at $631,575,000 after buying an additional 1,682,743 shares during the period. Vanguard Group Inc. boosted its position in shares of T-Mobile US by 3.8% in the first quarter. Vanguard Group Inc. now owns 45,042,339 shares of the Wireless communications provider’s stock worth $7,351,811,000 after purchasing an additional 1,667,778 shares during the period. Finally, Clearbridge Investments LLC increased its holdings in shares of T-Mobile US by 18.8% in the first quarter. Clearbridge Investments LLC now owns 3,652,486 shares of the Wireless communications provider’s stock worth $596,159,000 after purchasing an additional 578,348 shares during the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

T-Mobile US Price Performance

Shares of TMUS stock traded down $1.86 on Friday, reaching $198.22. The company had a trading volume of 1,608,044 shares, compared to its average volume of 4,629,243. The business’s 50-day moving average is $185.17 and its 200 day moving average is $172.21. T-Mobile US, Inc. has a one year low of $132.40 and a one year high of $205.28. The company has a quick ratio of 0.86, a current ratio of 0.84 and a debt-to-equity ratio of 1.22. The stock has a market capitalization of $232.28 billion, a PE ratio of 26.93, a price-to-earnings-growth ratio of 0.76 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.22. The company had revenue of $19.77 billion during the quarter, compared to analyst estimates of $19.61 billion. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.86 EPS. Equities research analysts forecast that T-Mobile US, Inc. will post 9.05 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Friday, August 30th will be paid a $0.65 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.60 annualized dividend and a dividend yield of 1.31%. T-Mobile US’s dividend payout ratio (DPR) is 35.37%.

Analyst Ratings Changes

A number of analysts have commented on TMUS shares. Benchmark lifted their price target on T-Mobile US from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. The Goldman Sachs Group started coverage on shares of T-Mobile US in a research report on Monday, July 1st. They issued a “buy” rating and a $200.00 price target on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of T-Mobile US from $185.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Scotiabank increased their target price on shares of T-Mobile US from $194.50 to $197.00 and gave the company a “sector outperform” rating in a research report on Thursday, August 1st. Finally, Barclays boosted their price target on shares of T-Mobile US from $180.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. One analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $198.63.

Insider Activity

In other T-Mobile US news, CAO Dara Bazzano sold 4,300 shares of the stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $179.78, for a total value of $773,054.00. Following the completion of the sale, the chief accounting officer now directly owns 6,202 shares in the company, valued at $1,114,995.56. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Telekom Ag Deutsche sold 227,604 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $172.65, for a total transaction of $39,295,830.60. Following the sale, the director now owns 673,251,489 shares of the company’s stock, valued at approximately $116,236,869,575.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Dara Bazzano sold 4,300 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $179.78, for a total transaction of $773,054.00. Following the sale, the chief accounting officer now directly owns 6,202 shares of the company’s stock, valued at $1,114,995.56. The disclosure for this sale can be found here. Insiders have sold 2,034,062 shares of company stock worth $363,689,766 over the last ninety days. Corporate insiders own 0.67% of the company’s stock.

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.