T-Mobile US, Inc. $TMUS is Reynders McVeigh Capital Management LLC’s 10th Largest Position
by Michael Walen · The Markets DailyReynders McVeigh Capital Management LLC trimmed its holdings in T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) by 1.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 214,493 shares of the Wireless communications provider’s stock after selling 3,027 shares during the period. T-Mobile US makes up about 2.6% of Reynders McVeigh Capital Management LLC’s holdings, making the stock its 10th largest holding. Reynders McVeigh Capital Management LLC’s holdings in T-Mobile US were worth $51,105,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TMUS. Weaver Capital Management LLC boosted its stake in T-Mobile US by 0.6% during the second quarter. Weaver Capital Management LLC now owns 6,737 shares of the Wireless communications provider’s stock worth $1,605,000 after buying an additional 42 shares during the period. Haven Private LLC raised its position in T-Mobile US by 1.3% in the second quarter. Haven Private LLC now owns 3,186 shares of the Wireless communications provider’s stock valued at $759,000 after purchasing an additional 42 shares during the period. Bank of Stockton boosted its position in shares of T-Mobile US by 1.2% during the second quarter. Bank of Stockton now owns 3,802 shares of the Wireless communications provider’s stock worth $906,000 after buying an additional 44 shares during the period. Richardson Financial Services Inc. grew its stake in shares of T-Mobile US by 0.9% in the second quarter. Richardson Financial Services Inc. now owns 4,899 shares of the Wireless communications provider’s stock valued at $1,183,000 after buying an additional 45 shares in the last quarter. Finally, Cetera Trust Company N.A lifted its stake in T-Mobile US by 0.4% during the 2nd quarter. Cetera Trust Company N.A now owns 12,018 shares of the Wireless communications provider’s stock worth $2,863,000 after acquiring an additional 45 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.
Insider Activity at T-Mobile US
In related news, Director Telekom Ag Deutsche sold 64,426 shares of the stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $238.98, for a total transaction of $15,396,525.48. Following the completion of the sale, the director owned 634,241,492 shares in the company, valued at $151,571,031,758.16. This represents a 0.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders have sold 1,172,720 shares of company stock valued at $269,482,868. Insiders own 0.37% of the company’s stock.
Analysts Set New Price Targets
A number of analysts have issued reports on TMUS shares. Cowen reiterated a “buy” rating on shares of T-Mobile US in a research note on Friday, October 24th. Wolfe Research cut their target price on shares of T-Mobile US from $300.00 to $290.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 30th. Zacks Research raised shares of T-Mobile US from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 26th. Oppenheimer lowered T-Mobile US from an “outperform” rating to a “market perform” rating in a research report on Friday, November 21st. Finally, HSBC raised T-Mobile US from a “hold” rating to a “buy” rating and set a $285.00 target price for the company in a research note on Friday, October 24th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $263.71.
Get Our Latest Analysis on TMUS
T-Mobile US Trading Down 0.1%
Shares of T-Mobile US stock opened at $195.16 on Monday. T-Mobile US, Inc. has a 12-month low of $194.01 and a 12-month high of $276.49. The stock has a market cap of $218.29 billion, a price-to-earnings ratio of 18.77, a PEG ratio of 1.25 and a beta of 0.44. 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 company has a fifty day simple moving average of $213.74 and a 200-day simple moving average of $230.54.
T-Mobile US (NASDAQ:TMUS – Get Free Report) last posted its earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $2.40 by $0.01. The business had revenue of $21.96 billion for the quarter, compared to analysts’ expectations of $21.61 billion. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The business’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.61 earnings per share. On average, equities analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.
T-Mobile US Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 27th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, February 27th. T-Mobile US’s payout ratio is presently 39.23%.
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.
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