Bowen Hanes & Co. Inc. Sells 25,205 Shares of T-Mobile US, Inc. $TMUS

Bowen Hanes & Co. Inc. trimmed its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 15.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 132,845 shares of the Wireless communications provider’s stock after selling 25,205 shares during the quarter. Bowen Hanes & Co. Inc.’s holdings in T-Mobile US were worth $31,652,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. AlphaCore Capital LLC grew its holdings in T-Mobile US by 1.0% in the 2nd quarter. AlphaCore Capital LLC now owns 5,775 shares of the Wireless communications provider’s stock worth $1,376,000 after acquiring an additional 55 shares during the last quarter. Mufg Securities Americas Inc. boosted its holdings in shares of T-Mobile US by 24.5% during the second quarter. Mufg Securities Americas Inc. now owns 10,569 shares of the Wireless communications provider’s stock worth $2,518,000 after purchasing an additional 2,081 shares during the period. Journey Strategic Wealth LLC boosted its holdings in shares of T-Mobile US by 163.9% during the second quarter. Journey Strategic Wealth LLC now owns 2,697 shares of the Wireless communications provider’s stock worth $643,000 after purchasing an additional 1,675 shares during the period. Franklin Resources Inc. grew its stake in shares of T-Mobile US by 5.2% in the second quarter. Franklin Resources Inc. now owns 6,298,934 shares of the Wireless communications provider’s stock worth $1,500,784,000 after purchasing an additional 309,922 shares during the last quarter. Finally, MAI Capital Management increased its holdings in T-Mobile US by 1.5% during the 2nd quarter. MAI Capital Management now owns 43,890 shares of the Wireless communications provider’s stock valued at $10,457,000 after purchasing an additional 646 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Performance

Shares of T-Mobile US stock opened at $209.48 on Friday. T-Mobile US, Inc. has a 12 month low of $199.41 and a 12 month high of $276.49. The firm has a market capitalization of $234.30 billion, a P/E ratio of 20.14, a P/E/G ratio of 1.51 and a beta of 0.57. The company has a current ratio of 0.89, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37. The business has a fifty day simple moving average of $223.42 and a two-hundred day simple moving average of $234.69.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share (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 company had revenue of $21.96 billion during the quarter, compared to analyst estimates of $21.61 billion. During the same period last year, the business earned $2.61 EPS. T-Mobile US’s quarterly revenue was up 8.9% compared to the same quarter last year. On average, equities 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 firm also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be paid a dividend of $1.02 per share. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.88. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, November 26th. T-Mobile US’s payout ratio is 39.23%.

Insider Activity

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the business’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $240.08, for a total value of $16,767,187.20. Following the sale, the director directly owned 635,014,604 shares of the company’s stock, valued at $152,454,306,128.32. The trade was a 0.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold 1,789,021 shares of company stock worth $422,253,956 in the last ninety days. 0.37% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TMUS. Morgan Stanley dropped their price objective on T-Mobile US from $285.00 to $280.00 and set an “overweight” rating for the company in a report on Friday, October 24th. BNP Paribas Exane raised their price target on T-Mobile US from $290.00 to $305.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. Scotiabank boosted their price objective on shares of T-Mobile US from $271.50 to $278.00 and gave the company a “sector outperform” rating in a research report on Monday, October 6th. Williams Trading set a $263.00 target price on shares of T-Mobile US in a research report on Friday, October 24th. Finally, The Goldman Sachs Group began coverage on shares of T-Mobile US in a research note on Tuesday, September 2nd. They set a “buy” rating and a $286.00 target price on the stock. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $266.83.

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.