Graypoint LLC Lowers Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Graypoint LLC decreased its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 3.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,792 shares of the Wireless communications provider’s stock after selling 93 shares during the quarter. Graypoint LLC’s holdings in T-Mobile US were worth $745,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in TMUS. Geode Capital Management LLC grew its holdings in T-Mobile US by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 11,857,917 shares of the Wireless communications provider’s stock worth $2,610,542,000 after acquiring an additional 90,755 shares during the period. Invesco Ltd. increased its position in T-Mobile US by 4.6% during the 4th quarter. Invesco Ltd. now owns 8,809,417 shares of the Wireless communications provider’s stock worth $1,944,503,000 after purchasing an additional 384,956 shares during the period. Norges Bank acquired a new stake in shares of T-Mobile US in the 4th quarter worth approximately $1,802,393,000. Capital International Investors lifted its stake in shares of T-Mobile US by 36.2% during the 4th quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider’s stock worth $1,440,424,000 after purchasing an additional 1,734,998 shares during the period. Finally, Canada Pension Plan Investment Board raised its position in shares of T-Mobile US by 85.5% in the 4th quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider’s stock worth $1,329,919,000 after buying an additional 2,777,657 shares during the period. Institutional investors own 42.49% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on TMUS. Tigress Financial upped their price target on T-Mobile US from $290.00 to $305.00 and gave the company a “buy” rating in a report on Tuesday, April 29th. Arete Research upgraded shares of T-Mobile US to a “strong-buy” rating in a research note on Tuesday, July 8th. Benchmark restated a “buy” rating and issued a $275.00 target price on shares of T-Mobile US in a research report on Thursday, March 27th. Rothschild & Co Redburn upgraded shares of T-Mobile US from a “sell” rating to a “neutral” rating and set a $228.00 price target for the company in a research report on Monday, July 7th. Finally, Morgan Stanley raised their price objective on shares of T-Mobile US from $265.00 to $280.00 and gave the company an “overweight” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $252.61.

T-Mobile US Stock Performance

TMUS stock opened at $227.03 on Friday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.08 and a current ratio of 1.16. T-Mobile US, Inc. has a 1 year low of $173.74 and a 1 year high of $276.49. The stock has a market capitalization of $257.78 billion, a price-to-earnings ratio of 22.15, a PEG ratio of 1.27 and a beta of 0.62. The stock’s fifty day moving average is $235.62 and its two-hundred day moving average is $243.67.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, topping analysts’ consensus estimates of $2.48 by $0.10. The company had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.67 billion. T-Mobile US had a return on equity of 19.09% and a net margin of 14.41%. T-Mobile US’s revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the firm posted $2.00 earnings per share. On average, research analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US’s dividend payout ratio is presently 34.34%.

Insider Activity

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the firm’s stock in a transaction on Monday, July 7th. The stock was sold at an average price of $238.08, for a total value of $16,627,507.20. Following the transaction, the director directly owned 647,660,844 shares of the company’s stock, valued at approximately $154,195,093,739.52. This trade represents a 0.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders sold 1,116,990 shares of company stock valued at $256,892,992. 0.37% of the stock is currently owned by corporate insiders.

T-Mobile US 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.