FDx Advisors Inc. Sells 516 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

FDx Advisors Inc. lowered its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 26.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,420 shares of the Wireless communications provider’s stock after selling 516 shares during the quarter. FDx Advisors Inc.’s holdings in T-Mobile US were worth $232,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in TMUS. Norges Bank bought a new position in shares of T-Mobile US in the fourth quarter worth about $3,338,708,000. Wellington Management Group LLP raised its stake in shares of T-Mobile US by 200.0% in the fourth quarter. Wellington Management Group LLP now owns 6,362,601 shares of the Wireless communications provider’s stock worth $1,020,116,000 after buying an additional 4,241,877 shares during the period. Putnam Investments LLC raised its stake in shares of T-Mobile US by 74.6% in the fourth quarter. Putnam Investments LLC now owns 3,939,221 shares of the Wireless communications provider’s stock worth $631,575,000 after buying an additional 1,682,743 shares during the period. Capital International Investors raised its stake in T-Mobile US by 27.1% during the 4th quarter. Capital International Investors now owns 2,660,314 shares of the Wireless communications provider’s stock valued at $426,528,000 after purchasing an additional 567,390 shares during the period. Finally, Schroder Investment Management Group raised its stake in T-Mobile US by 812.8% during the 4th quarter. Schroder Investment Management Group now owns 557,861 shares of the Wireless communications provider’s stock valued at $89,442,000 after purchasing an additional 496,745 shares during the period. Institutional investors own 42.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TMUS. TD Cowen decreased their target price on T-Mobile US from $204.00 to $202.00 and set a “buy” rating on the stock in a research note on Friday, April 26th. Benchmark reissued a “buy” rating and set a $200.00 target price on shares of T-Mobile US in a research note on Wednesday, May 29th. StockNews.com downgraded T-Mobile US from a “buy” rating to a “hold” rating in a research note on Wednesday, July 3rd. Oppenheimer reaffirmed an “outperform” rating and issued a $190.00 price objective on shares of T-Mobile US in a research note on Wednesday, April 3rd. Finally, The Goldman Sachs Group began coverage on T-Mobile US in a research note on Monday, July 1st. They issued a “buy” rating and a $200.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $190.79.

Insider Transactions at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 170,703 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $160.24, for a total value of $27,353,448.72. Following the sale, the director now owns 679,776,137 shares in the company, valued at $108,927,328,192.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Michael J. Katz sold 3,000 shares of T-Mobile US 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 transaction, the insider now directly owns 122,687 shares in the company, valued at $21,787,984.33. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Telekom Ag Deutsche sold 170,703 shares of T-Mobile US stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $160.24, for a total value of $27,353,448.72. Following the sale, the director now owns 679,776,137 shares in the company, valued at approximately $108,927,328,192.88. The disclosure for this sale can be found here. Insiders have sold 5,678,884 shares of company stock worth $955,868,736 over the last quarter. 0.67% of the stock is currently owned by insiders.

T-Mobile US Price Performance

Shares of TMUS stock opened at $178.81 on Friday. The stock has a market capitalization of $209.54 billion, a price-to-earnings ratio of 24.33, a P/E/G ratio of 0.70 and a beta of 0.51. The company has a current ratio of 0.94, a quick ratio of 0.86 and a debt-to-equity ratio of 1.25. T-Mobile US, Inc. has a twelve month low of $131.47 and a twelve month high of $182.67. The stock has a fifty day simple moving average of $172.57 and a two-hundred day simple moving average of $165.88.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.17. T-Mobile US had a return on equity of 13.61% and a net margin of 11.15%. The company had revenue of $19.59 billion for the quarter, compared to analyst estimates of $19.81 billion. During the same period in the prior year, the company posted $1.58 EPS. The firm’s quarterly revenue was down .2% compared to the same quarter last year. On average, analysts predict that T-Mobile US, Inc. will post 9.02 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Friday, August 30th will be issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend is Friday, August 30th. T-Mobile US’s dividend payout ratio is presently 35.37%.

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.