Tevis Investment Management Has $391,000 Stake in T-Mobile US, Inc. $TMUS

Tevis Investment Management decreased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 5.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,639 shares of the Wireless communications provider’s stock after selling 94 shares during the period. Tevis Investment Management’s holdings in T-Mobile US were worth $391,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. NorthCrest Asset Manangement LLC acquired a new position in T-Mobile US during the 2nd quarter worth $284,000. Crestwood Advisors Group LLC raised its position in shares of T-Mobile US by 79.5% during the first quarter. Crestwood Advisors Group LLC now owns 1,635 shares of the Wireless communications provider’s stock valued at $436,000 after buying an additional 724 shares during the last quarter. Berkshire Bank raised its position in shares of T-Mobile US by 12.5% during the second quarter. Berkshire Bank now owns 12,593 shares of the Wireless communications provider’s stock valued at $3,000,000 after buying an additional 1,400 shares during the last quarter. Canada Pension Plan Investment Board raised its position in shares of T-Mobile US by 14.3% during the first quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider’s stock valued at $1,837,399,000 after buying an additional 864,030 shares during the last quarter. Finally, Nordea Investment Management AB raised its position in shares of T-Mobile US by 19.9% during the second quarter. Nordea Investment Management AB now owns 1,904,969 shares of the Wireless communications provider’s stock valued at $450,887,000 after buying an additional 315,644 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Buying and Selling at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 856 shares of the firm’s stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $220.03, for a total transaction of $188,345.68. Following the completion of the sale, the director owned 582,185,182 shares of the company’s stock, valued at approximately $128,098,205,595.46. This trade represents a 0.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders have sold a total of 2,343,114 shares of company stock worth $564,035,506 over the last three months. Company insiders own 0.37% of the company’s stock.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $220.68 on Tuesday. The stock has a market cap of $248.36 billion, a P/E ratio of 21.22, a PEG ratio of 1.48 and a beta of 0.59. The company’s 50-day simple moving average is $238.61 and its 200 day simple moving average is $240.28. T-Mobile US, Inc. has a twelve month low of $208.39 and a twelve month high of $276.49. The company has a quick ratio of 0.80, a current ratio of 0.89 and a debt-to-equity ratio of 1.37.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.40 by $0.01. The business had revenue of $21.96 billion for the quarter, compared to analysts’ expectations of $21.61 billion. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.61 earnings per share. As a group, research analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Wednesday, November 26th. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.88. This represents a $4.08 annualized dividend and a dividend yield of 1.8%. T-Mobile US’s dividend payout ratio (DPR) is 39.23%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on TMUS shares. Arete Research raised shares of T-Mobile US to a “strong-buy” rating in a research report on Tuesday, July 8th. Hsbc Global Res raised shares of T-Mobile US from a “hold” rating to a “strong-buy” rating in a research report on Friday. Barclays cut their price objective on shares of T-Mobile US from $250.00 to $240.00 and set an “overweight” rating for the company in a research report on Friday. Morgan Stanley cut their price objective on shares of T-Mobile US from $285.00 to $280.00 and set an “overweight” rating for the company in a research report on Friday. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of T-Mobile US in a research note on Friday. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, T-Mobile US presently has an average rating of “Moderate Buy” and a consensus target price of $268.22.

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.