Axa S.A. trimmed its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 2.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 203,362 shares of the Wireless communications provider's stock after selling 4,933 shares during the quarter. Axa S.A.'s holdings in T-Mobile US were worth $35,828,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. WASHINGTON TRUST Co boosted its stake in T-Mobile US by 143.1% during the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider's stock valued at $25,000 after buying an additional 83 shares in the last quarter. Summit Securities Group LLC acquired a new stake in T-Mobile US in the 2nd quarter valued at about $27,000. Y.D. More Investments Ltd bought a new position in shares of T-Mobile US during the 2nd quarter valued at about $27,000. Westside Investment Management Inc. grew its stake in shares of T-Mobile US by 75.8% in the 1st quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider's stock worth $28,000 after purchasing an additional 75 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in T-Mobile US during the second quarter valued at approximately $30,000. 42.49% of the stock is currently owned by institutional investors.
In other news, Director Raul Marcelo Claure sold 132,309 shares of the stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $196.74, for a total transaction of $26,030,472.66. Following the transaction, the director now owns 1,551,204 shares in the company, valued at approximately $305,183,874.96. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of the firm's stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $194.57, for a total transaction of $3,891,400.00. Following the transaction, the chief executive officer now directly owns 418,124 shares in the company, valued at $81,354,386.68. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Raul Marcelo Claure sold 132,309 shares of the company's stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $196.74, for a total value of $26,030,472.66. Following the sale, the director now owns 1,551,204 shares of the company's stock, valued at approximately $305,183,874.96. The disclosure for this sale can be found here. Insiders sold 306,492 shares of company stock worth $60,078,776 over the last ninety days. 0.67% of the stock is currently owned by insiders.
NASDAQ TMUS opened at $203.25 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 1.22. T-Mobile US, Inc. has a 1-year low of $135.82 and a 1-year high of $208.16. The firm's fifty day simple moving average is $193.47 and its 200-day simple moving average is $177.31. The company has a market capitalization of $238.18 billion, a PE ratio of 27.65, a price-to-earnings-growth ratio of 1.07 and a beta of 0.51.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its earnings results 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 for 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 business's revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.86 EPS. As a group, sell-side analysts anticipate that T-Mobile US, Inc. will post 9.13 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.73%. The ex-dividend date is Wednesday, November 27th. This is a positive change from T-Mobile US's previous quarterly dividend of $0.65. T-Mobile US's dividend payout ratio (DPR) is presently 47.89%.
Several research analysts have issued reports on the company. Citigroup upped their price target on T-Mobile US from $184.00 to $210.00 and gave the company a "buy" rating in a report on Friday, July 19th. Bank of America boosted their target price on T-Mobile US from $175.00 to $195.00 and gave the stock a "buy" rating in a research report on Monday, June 10th. Benchmark increased their price target on T-Mobile US from $220.00 to $250.00 and gave the company a "buy" rating in a research report on Friday, September 20th. TD Cowen boosted their price objective on T-Mobile US from $202.00 to $216.00 and gave the stock a "buy" rating in a report on Thursday, August 1st. Finally, StockNews.com upgraded shares of T-Mobile US from a "hold" rating to a "buy" rating in a report on Tuesday, July 30th. Eighteen investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, T-Mobile US presently has an average rating of "Buy" and an average price target of $211.92.
Check Out Our Latest Stock Analysis on TMUS
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.
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