Boston Partners Has $369.60 Million Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Boston Partners cut its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUSFree Report) by 10.4% during the first quarter, HoldingsChannel.com reports. The firm owned 1,387,955 shares of the Wireless communications provider’s stock after selling 161,218 shares during the quarter. Boston Partners’ holdings in T-Mobile US were worth $369,598,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Crestwood Advisors Group LLC lifted its position in T-Mobile US by 79.5% during the 1st quarter. Crestwood Advisors Group LLC now owns 1,635 shares of the Wireless communications provider’s stock valued at $436,000 after purchasing an additional 724 shares during the period. Burling Wealth Partners LLC acquired a new position in T-Mobile US during the 4th quarter valued at about $2,539,000. Advisor Resource Council acquired a new position in T-Mobile US during the 1st quarter valued at about $463,000. Main Street Research LLC lifted its position in T-Mobile US by 1.0% during the 1st quarter. Main Street Research LLC now owns 177,902 shares of the Wireless communications provider’s stock valued at $47,448,000 after purchasing an additional 1,788 shares during the period. Finally, Sawgrass Asset Management LLC acquired a new position in T-Mobile US during the 1st quarter valued at about $6,543,000. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TMUS has been the subject of a number of recent analyst reports. Arete Research raised T-Mobile US to a “strong-buy” rating in a research note on Tuesday, July 8th. JPMorgan Chase & Co. upped their price target on T-Mobile US from $270.00 to $280.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. KeyCorp reaffirmed an “underweight” rating and issued a $200.00 price target on shares of T-Mobile US in a research note on Wednesday, July 9th. 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 research note on Tuesday, April 29th. Finally, Royal Bank Of Canada upped their price target on T-Mobile US from $265.00 to $270.00 and gave the company a “sector perform” rating in a research note on Friday, July 25th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $256.31.

Read Our Latest Analysis on T-Mobile US

Insider Buying and Selling at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the firm’s stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $238.08, for a total transaction of $16,627,507.20. Following the completion of the transaction, the director directly owned 647,660,844 shares of the company’s stock, valued at $154,195,093,739.52. This trade represents a 0.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders have sold 1,904,530 shares of company stock worth $445,006,069. 0.37% of the stock is owned by company insiders.

T-Mobile US Price Performance

NASDAQ TMUS opened at $252.28 on Wednesday. The business has a 50 day simple moving average of $235.12 and a 200 day simple moving average of $246.79. T-Mobile US, Inc. has a 52-week low of $192.61 and a 52-week high of $276.49. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. The stock has a market cap of $283.92 billion, a price-to-earnings ratio of 23.80, a PEG ratio of 1.37 and a beta of 0.62.

T-Mobile US (NASDAQ:TMUSGet Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.69 by $0.15. The company had revenue of $21.13 billion during the quarter, compared to analysts’ expectations of $20.99 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the business earned $2.49 EPS. Analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US’s dividend payout ratio (DPR) is currently 33.21%.

About T-Mobile US

(Free Report)

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.

See Also

Want to see what other hedge funds are holding TMUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for T-Mobile US, Inc. (NASDAQ:TMUSFree Report).

Institutional Ownership by Quarter for T-Mobile US (NASDAQ:TMUS)

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