University of Texas Texas AM Investment Management Co. Sells 5,901 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

University of Texas Texas AM Investment Management Co. trimmed its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 51.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,623 shares of the Wireless communications provider’s stock after selling 5,901 shares during the quarter. University of Texas Texas AM Investment Management Co.’s holdings in T-Mobile US were worth $991,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sei Investments Co. grew its position in shares of T-Mobile US by 3.1% during the 4th quarter. Sei Investments Co. now owns 184,478 shares of the Wireless communications provider’s stock worth $29,574,000 after purchasing an additional 5,552 shares in the last quarter. GSA Capital Partners LLP bought a new stake in shares of T-Mobile US in the first quarter valued at approximately $1,908,000. Cardinal Capital Management Inc. acquired a new stake in T-Mobile US during the fourth quarter worth approximately $29,962,000. CFO4Life Group LLC bought a new position in T-Mobile US during the 1st quarter worth $932,000. Finally, Envestnet Portfolio Solutions Inc. raised its holdings in T-Mobile US by 26.3% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 20,438 shares of the Wireless communications provider’s stock valued at $3,336,000 after acquiring an additional 4,253 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Activity at T-Mobile US

In other news, Director Raul Marcelo Claure sold 132,309 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $196.74, for a total transaction of $26,030,472.66. Following the completion of the transaction, the director now directly owns 1,551,204 shares in the company, valued at $305,183,874.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Raul Marcelo Claure sold 132,309 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $196.74, for a total value of $26,030,472.66. Following the sale, the director now directly owns 1,551,204 shares of the company’s stock, valued at approximately $305,183,874.96. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Jon Freier sold 10,000 shares of T-Mobile US stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $181.87, for a total transaction of $1,818,700.00. Following the transaction, the insider now directly owns 162,628 shares of the company’s stock, valued at approximately $29,577,154.36. The disclosure for this sale can be found here. Insiders sold 303,492 shares of company stock worth $59,546,006 over the last three months. Company insiders own 0.67% of the company’s stock.

T-Mobile US Stock Performance

Shares of TMUS stock opened at $206.10 on Wednesday. The business’s 50-day moving average price is $195.52 and its 200-day moving average price is $178.59. T-Mobile US, Inc. has a 12 month low of $135.82 and a 12 month high of $208.16. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 1.22. The firm has a market capitalization of $241.52 billion, a price-to-earnings ratio of 28.04, a PEG ratio of 1.07 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, topping the consensus estimate of $2.27 by $0.22. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The business had revenue of $19.77 billion for the quarter, compared to the consensus estimate of $19.61 billion. During the same period last year, the company earned $1.86 EPS. The firm’s revenue was up 3.0% compared to the same quarter last year. Equities research analysts forecast that T-Mobile US, Inc. will post 9.13 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. Investors of record on Wednesday, November 27th will be paid a $0.88 dividend. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. The ex-dividend date is Wednesday, November 27th. This represents a $3.52 annualized dividend and a dividend yield of 1.71%. T-Mobile US’s payout ratio is currently 47.89%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Benchmark increased their target price on T-Mobile US from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Citigroup raised their target price on shares of T-Mobile US from $184.00 to $210.00 and gave the company a “buy” rating in a report on Friday, July 19th. The Goldman Sachs Group assumed coverage on shares of T-Mobile US in a report on Monday, July 1st. They set a “buy” rating and a $200.00 price target for the company. KeyCorp lifted their price objective on shares of T-Mobile US from $190.00 to $230.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Finally, Morgan Stanley boosted their price objective on shares of T-Mobile US from $191.00 to $209.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Eighteen research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $214.36.

T-Mobile US Company 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.