Account Management LLC Has $3.52 Million Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Account Management LLC cut its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 14.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,972 shares of the Wireless communications provider’s stock after selling 3,335 shares during the period. T-Mobile US makes up about 4.0% of Account Management LLC’s portfolio, making the stock its 10th biggest holding. Account Management LLC’s holdings in T-Mobile US were worth $3,519,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in T-Mobile US during the fourth quarter valued at approximately $3,338,708,000. Wellington Management Group LLP raised its position in T-Mobile US by 200.0% during the fourth quarter. Wellington Management Group LLP now owns 6,362,601 shares of the Wireless communications provider’s stock valued at $1,020,116,000 after purchasing an additional 4,241,877 shares during the period. Putnam Investments LLC raised its position in T-Mobile US by 74.6% during the fourth quarter. Putnam Investments LLC now owns 3,939,221 shares of the Wireless communications provider’s stock valued at $631,575,000 after purchasing an additional 1,682,743 shares during the period. Vanguard Group Inc. raised its position in T-Mobile US by 3.8% during the first quarter. Vanguard Group Inc. now owns 45,042,339 shares of the Wireless communications provider’s stock valued at $7,351,811,000 after purchasing an additional 1,667,778 shares during the period. Finally, Clearbridge Investments LLC raised its position in T-Mobile US by 18.8% during the first quarter. Clearbridge Investments LLC now owns 3,652,486 shares of the Wireless communications provider’s stock valued at $596,159,000 after purchasing an additional 578,348 shares during the period. 42.49% of the stock is owned by institutional investors.

T-Mobile US Stock Down 2.1 %

Shares of NASDAQ:TMUS opened at $193.00 on Friday. T-Mobile US, Inc. has a 52-week low of $134.50 and a 52-week high of $205.28. The stock has a market cap of $226.17 billion, a P/E ratio of 26.26, a price-to-earnings-growth ratio of 0.74 and a beta of 0.51. The business’s 50 day moving average is $188.14 and its 200 day moving average is $173.93. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.22.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.22. The business had revenue of $19.77 billion for the quarter, compared to analysts’ expectations of $19.61 billion. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.86 EPS. Sell-side analysts predict that T-Mobile US, Inc. will post 9.18 EPS for the current year.

T-Mobile US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Friday, August 30th will be given a dividend of $0.65 per share. The ex-dividend date is Friday, August 30th. This represents a $2.60 annualized dividend and a yield of 1.35%. T-Mobile US’s dividend payout ratio (DPR) is presently 35.37%.

Analysts Set New Price Targets

A number of brokerages have issued reports on TMUS. Evercore ISI upgraded T-Mobile US to a “hold” rating in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft increased their price target on T-Mobile US from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. StockNews.com upgraded T-Mobile US from a “hold” rating to a “buy” rating in a report on Tuesday, July 30th. Tigress Financial increased their price target on T-Mobile US from $205.00 to $235.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Finally, Bank of America increased their price target on T-Mobile US from $175.00 to $195.00 and gave the stock a “buy” rating in a report on Monday, June 10th. One equities research analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $198.63.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 227,604 shares of the stock in a transaction on Monday, June 10th. The stock was sold at an average price of $180.75, for a total transaction of $41,139,423.00. Following the sale, the director now owns 672,113,469 shares of the company’s stock, valued at approximately $121,484,509,521.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Michael J. Katz sold 3,000 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $177.59, for a total value of $532,770.00. Following the completion of the sale, the insider now owns 122,687 shares of the company’s stock, valued at approximately $21,787,984.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Telekom Ag Deutsche sold 227,604 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $180.75, for a total value of $41,139,423.00. Following the completion of the sale, the director now directly owns 672,113,469 shares of the company’s stock, valued at approximately $121,484,509,521.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,336,950 shares of company stock valued at $239,882,745. 0.67% of the stock is currently owned by corporate insiders.

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.