Edmond DE Rothschild Holding S.A. Decreases Stake in T-Mobile US, Inc. $TMUS

Edmond DE Rothschild Holding S.A. reduced its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 5.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,790 shares of the Wireless communications provider’s stock after selling 1,120 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in T-Mobile US were worth $4,239,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Activest Wealth Management grew its stake in 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 valued at $25,000 after purchasing an additional 94 shares during the last quarter. Missouri Trust & Investment Co lifted its holdings in shares of T-Mobile US by 807.7% during the second 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 during the period. Stone House Investment Management LLC purchased a new stake in T-Mobile US in the first quarter valued at approximately $29,000. Aspect Partners LLC increased its holdings in T-Mobile US by 112.1% in the 2nd quarter. Aspect Partners LLC now owns 123 shares of the Wireless communications provider’s stock worth $29,000 after buying an additional 65 shares during the period. Finally, TCTC Holdings LLC raised its position in T-Mobile US by 208.1% during the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider’s stock worth $30,000 after buying an additional 77 shares during the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction 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 transaction, the director directly owned 635,014,604 shares of the company’s stock, valued at $152,454,306,128.32. This trade represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold 1,649,341 shares of company stock worth $387,147,483 in the last ninety days. Corporate insiders own 0.37% of the company’s stock.

T-Mobile US Price Performance

Shares of T-Mobile US stock opened at $206.90 on Wednesday. The firm has a market cap of $231.42 billion, a PE ratio of 19.89, a P/E/G ratio of 1.51 and a beta of 0.57. T-Mobile US, Inc. has a twelve month low of $199.41 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. The business has a 50-day moving average price of $222.16 and a 200 day moving average price of $233.90.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 EPS for the quarter, beating 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% compared to the same quarter last year. During the same period last year, the company earned $2.61 earnings per share. Sell-side 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 business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, November 26th. This is a boost from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s payout ratio is presently 39.23%.

Analysts Set New Price Targets

TMUS has been the topic of several recent research reports. Rothschild Redb raised shares of T-Mobile US to a “hold” rating in a report on Tuesday, September 30th. Raymond James Financial raised T-Mobile US to a “hold” rating in a research report on Wednesday, October 1st. Daiwa Capital Markets reduced their price objective on T-Mobile US from $240.00 to $230.00 and set a “neutral” rating for the company in a research note on Tuesday, October 28th. Royal Bank Of Canada restated a “buy” rating on shares of T-Mobile US in a research note on Friday, October 24th. Finally, HSBC upgraded T-Mobile US from a “hold” rating to a “buy” rating and set a $285.00 price target for the company in a research report on Friday, October 24th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given 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 company presently has an average rating of “Moderate Buy” and a consensus target price of $266.83.

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.