Amalgamated Bank Sells 3,626 Shares of T-Mobile US, Inc. $TMUS

Amalgamated Bank lessened its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 3.7% during the second quarter, Holdings Channel.com reports. The firm owned 95,415 shares of the Wireless communications provider’s stock after selling 3,626 shares during the period. Amalgamated Bank’s holdings in T-Mobile US were worth $22,734,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Activest Wealth Management boosted its position in shares of T-Mobile US by 9,400.0% during the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 94 shares in the last quarter. Missouri Trust & Investment Co boosted its position in shares of T-Mobile US by 807.7% during the 2nd quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 105 shares in the last quarter. Stone House Investment Management LLC bought a new position in T-Mobile US in the 1st quarter valued at about $29,000. TCTC Holdings LLC lifted its position in T-Mobile US by 208.1% in the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider’s stock valued at $30,000 after acquiring an additional 77 shares in the last quarter. Finally, N.E.W. Advisory Services LLC bought a new position in T-Mobile US in the 1st quarter valued at about $47,000. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Price Performance

T-Mobile US stock opened at $215.01 on Thursday. T-Mobile US, Inc. has a 52 week low of $208.39 and a 52 week high of $276.49. The company’s 50 day moving average price is $236.97 and its two-hundred day moving average price is $239.72. The company has a quick ratio of 0.80, a current ratio of 0.89 and a debt-to-equity ratio of 1.37. The stock has a market cap of $240.49 billion, a P/E ratio of 20.67, a P/E/G ratio of 1.54 and a beta of 0.59.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 EPS for the quarter, topping the consensus estimate of $2.40 by $0.01. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The firm had revenue of $21.96 billion for the quarter, compared to analysts’ expectations of $21.61 billion. During the same quarter last year, the firm earned $2.61 EPS. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. On average, equities analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Wednesday, November 26th. This is an increase from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s dividend payout ratio (DPR) is 33.85%.

Insider Activity

In other news, Director Telekom Ag Deutsche sold 53,507 shares of the firm’s stock in a transaction that occurred on Tuesday, October 28th. The shares were sold at an average price of $220.77, for a total transaction of $11,812,740.39. Following the completion of the sale, the director owned 582,067,249 shares in the company, valued at $128,502,986,561.73. This trade represents a 0.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last ninety days, insiders have sold 2,391,207 shares of company stock worth $573,229,394. Company insiders own 0.37% of the company’s stock.

Analyst Ratings Changes

TMUS has been the topic of several recent research reports. KeyCorp reaffirmed an “underweight” rating and issued a $200.00 price target on shares of T-Mobile US in a research report on Wednesday, July 9th. Rothschild Redb raised shares of T-Mobile US to a “hold” rating in a research report on Tuesday, September 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of T-Mobile US in a research report on Wednesday, October 8th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of T-Mobile US in a research report on Friday, October 24th. Finally, BNP Paribas Exane raised their price target on shares of T-Mobile US from $290.00 to $305.00 and gave the company an “outperform” rating in a research report on Monday, October 6th. Three analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $266.63.

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.