Blue Trust Inc. Sells 124 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Blue Trust Inc. reduced its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 3.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,962 shares of the Wireless communications provider’s stock after selling 124 shares during the quarter. Blue Trust Inc.’s holdings in T-Mobile US were worth $647,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Norges Bank purchased a new stake in shares of T-Mobile US in the fourth quarter valued at $3,338,708,000. Wellington Management Group LLP raised its stake in shares of T-Mobile US by 200.0% in 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 during the period. Putnam Investments LLC raised its stake in shares of T-Mobile US by 74.6% in the fourth quarter. Putnam Investments LLC now owns 3,939,221 shares of the Wireless communications provider’s stock valued at $631,575,000 after acquiring an additional 1,682,743 shares during the period. Royal Bank of Canada raised its stake in shares of T-Mobile US by 7.1% in the third quarter. Royal Bank of Canada now owns 10,505,308 shares of the Wireless communications provider’s stock valued at $1,471,269,000 after acquiring an additional 693,443 shares during the period. Finally, Capital International Investors raised its stake in shares of T-Mobile US by 27.1% in the fourth quarter. Capital International Investors now owns 2,660,314 shares of the Wireless communications provider’s stock valued at $426,528,000 after acquiring an additional 567,390 shares during the period. 42.49% of the stock is currently owned by institutional investors.

Insider Activity at T-Mobile US

In other T-Mobile US news, CAO Dara Bazzano sold 4,300 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now directly owns 6,202 shares of the company’s stock, valued at approximately $1,114,995.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CAO Dara Bazzano sold 4,300 shares of the firm’s stock in a transaction that occurred 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 owns 6,202 shares of the company’s stock, valued at approximately $1,114,995.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Telekom Ag Deutsche sold 189,670 shares of T-Mobile US stock in a transaction on Monday, April 8th. The shares were sold at an average price of $161.20, for a total transaction of $30,574,804.00. Following the completion of the sale, the director now directly owns 680,667,786 shares in the company, valued at approximately $109,723,647,103.20. The disclosure for this sale can be found here. Insiders sold 6,210,160 shares of company stock valued at $1,041,105,611 in the last three months. 0.67% of the stock is owned by insiders.

T-Mobile US Stock Up 0.4 %

Shares of TMUS stock traded up $0.78 during mid-day trading on Friday, hitting $179.24. 3,256,517 shares of the stock traded hands, compared to its average volume of 5,352,879. The stock has a market cap of $210.04 billion, a P/E ratio of 24.39, a P/E/G ratio of 0.70 and a beta of 0.51. The stock’s fifty day moving average is $171.39 and its two-hundred day moving average is $165.21. T-Mobile US, Inc. has a 52-week low of $131.47 and a 52-week high of $182.67. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.94 and a quick ratio of 0.86.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 EPS for the quarter, beating the consensus estimate of $1.83 by $0.17. The business had revenue of $19.59 billion during the quarter, compared to analyst estimates of $19.81 billion. T-Mobile US had a net margin of 11.15% and a return on equity of 13.61%. The company’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.58 earnings per share. Equities analysts predict that T-Mobile US, Inc. will post 9.01 EPS for the current year.

T-Mobile US Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Friday, August 30th will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 1.45%. The ex-dividend date is Friday, August 30th. T-Mobile US’s payout ratio is currently 35.37%.

Analysts Set New Price Targets

A number of research firms have recently commented on TMUS. Bank of America upped their price target on shares of T-Mobile US from $175.00 to $195.00 and gave the stock a “buy” rating in a report on Monday, June 10th. Citigroup upped their price target on shares of T-Mobile US from $176.00 to $184.00 and gave the stock a “buy” rating in a report on Monday, March 25th. Royal Bank of Canada upped their price target on shares of T-Mobile US from $184.00 to $188.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. KeyCorp upped their price target on shares of T-Mobile US from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. Finally, The Goldman Sachs Group initiated coverage on shares of T-Mobile US in a report on Monday, July 1st. They set a “buy” rating and a $200.00 target price on the stock. One research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $190.79.

About T-Mobile US

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.