Rhumbline Advisers Sells 36,629 Shares of T-Mobile US, Inc. $TMUS

Rhumbline Advisers lowered its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 4.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 888,238 shares of the Wireless communications provider’s stock after selling 36,629 shares during the period. Rhumbline Advisers’ holdings in T-Mobile US were worth $211,631,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TMUS. Allworth Financial LP lifted its stake in shares of T-Mobile US by 14.2% during the 2nd quarter. Allworth Financial LP now owns 6,530 shares of the Wireless communications provider’s stock worth $1,556,000 after buying an additional 810 shares during the last quarter. NorthCrest Asset Manangement LLC acquired a new position in T-Mobile US in the 2nd quarter valued at about $284,000. Berkshire Bank raised its holdings in T-Mobile US by 12.5% in the 2nd quarter. Berkshire Bank now owns 12,593 shares of the Wireless communications provider’s stock valued at $3,000,000 after acquiring an additional 1,400 shares during the period. Envestnet Asset Management Inc. lifted its position in T-Mobile US by 0.8% during the second quarter. Envestnet Asset Management Inc. now owns 1,071,046 shares of the Wireless communications provider’s stock worth $255,187,000 after acquiring an additional 8,227 shares during the last quarter. Finally, PKO Investment Management Joint Stock Co acquired a new stake in T-Mobile US during the second quarter worth approximately $11,913,000. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Price Performance

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

T-Mobile US (NASDAQ:TMUS) last released its 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. The company had revenue of $21.96 billion for the quarter, compared to analyst estimates of $21.61 billion. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.T-Mobile US’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.61 EPS. As a group, equities analysts predict 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 announced a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Wednesday, November 26th. This is a boost from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s dividend payout ratio is presently 39.23%.

Insider Activity at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the company’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $240.08, for a total transaction of $16,767,187.20. Following the completion of the sale, the director owned 635,014,604 shares of the company’s stock, valued at approximately $152,454,306,128.32. This represents a 0.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders have sold 1,789,021 shares of company stock valued at $422,253,956. 0.37% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have recently commented on TMUS. Wolfe Research decreased their target price on T-Mobile US from $300.00 to $290.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 30th. Wells Fargo & Company raised T-Mobile US from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $250.00 to $260.00 in a report on Thursday, October 16th. Royal Bank Of Canada reiterated a “buy” rating on shares of T-Mobile US in a research report on Friday, October 24th. JPMorgan Chase & Co. boosted their target price on shares of T-Mobile US from $280.00 to $300.00 and gave the company an “overweight” rating in a research report on Tuesday, September 30th. Finally, Zacks Research downgraded shares of T-Mobile US from a “hold” rating to a “strong sell” rating in a research note on Monday, October 27th. Three analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $266.83.

About T-Mobile US

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.