Intech Investment Management LLC Sells 439 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Intech Investment Management LLC lowered its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 0.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 83,398 shares of the Wireless communications provider’s stock after selling 439 shares during the quarter. Intech Investment Management LLC’s holdings in T-Mobile US were worth $17,210,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Legal & General Group Plc lifted its stake in T-Mobile US by 6.8% in the second quarter. Legal & General Group Plc now owns 4,751,007 shares of the Wireless communications provider’s stock worth $837,032,000 after purchasing an additional 303,582 shares during the last quarter. Blackstone Inc. purchased a new position in shares of T-Mobile US in the first quarter worth about $48,966,000. International Assets Investment Management LLC lifted its stake in shares of T-Mobile US by 21,580.9% in the 3rd quarter. International Assets Investment Management LLC now owns 249,981 shares of the Wireless communications provider’s stock valued at $51,586,000 after acquiring an additional 248,828 shares during the last quarter. Swedbank AB purchased a new stake in T-Mobile US during the 1st quarter valued at about $38,784,000. Finally, Distillate Capital Partners LLC bought a new position in T-Mobile US during the 2nd quarter worth approximately $41,860,000. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

T-Mobile US Stock Up 1.0 %

Shares of TMUS opened at $235.47 on Thursday. The stock’s 50-day moving average price is $218.19 and its 200-day moving average price is $194.11. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $273.26 billion, a price-to-earnings ratio of 26.85, a PEG ratio of 1.19 and a beta of 0.50. T-Mobile US, Inc. has a 52 week low of $147.96 and a 52 week high of $242.43.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, beating analysts’ consensus estimates of $2.32 by $0.29. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The firm had revenue of $20.16 billion for the quarter, compared to analysts’ expectations of $20.01 billion. During the same period last year, the firm earned $1.82 EPS. The company’s quarterly revenue was up 4.7% on a year-over-year basis. On average, sell-side analysts predict that T-Mobile US, Inc. will post 9.38 EPS for the current year.

T-Mobile US Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be issued a $0.88 dividend. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. The ex-dividend date is Wednesday, November 27th. This represents a $3.52 dividend on an annualized basis and a yield of 1.49%. T-Mobile US’s dividend payout ratio is presently 29.65%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on TMUS shares. KeyCorp boosted their price objective on shares of T-Mobile US from $230.00 to $252.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. BNP Paribas raised T-Mobile US to a “strong-buy” rating in a research report on Friday, October 25th. Raymond James cut T-Mobile US from an “outperform” rating to a “market perform” rating in a research report on Friday, October 25th. Scotiabank raised their price objective on T-Mobile US from $236.00 to $237.00 and gave the company a “sector perform” rating in a research report on Thursday, October 24th. Finally, Bank of America increased their target price on T-Mobile US from $220.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $241.83.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Raul Marcelo Claure sold 2,706 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $200.11, for a total value of $541,497.66. Following the sale, the director now owns 1,826,204 shares of the company’s stock, valued at $365,441,682.44. The trade was a 0.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Michael J. Katz sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $205.30, for a total value of $615,900.00. Following the transaction, the insider now owns 119,687 shares of the company’s stock, valued at $24,571,741.10. This trade represents a 2.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 455,338 shares of company stock valued at $95,539,866. 0.67% of the stock is currently owned by insiders.

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.