FDx Advisors Inc. Reduces Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

FDx Advisors Inc. lessened its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 14.9% during the second quarter, Holdings Channel reports. The firm owned 1,208 shares of the Wireless communications provider’s stock after selling 212 shares during the quarter. FDx Advisors Inc.’s holdings in T-Mobile US were worth $213,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of TMUS. Belpointe Asset Management LLC increased its stake in shares of T-Mobile US by 33.1% during the second quarter. Belpointe Asset Management LLC now owns 10,749 shares of the Wireless communications provider’s stock valued at $1,894,000 after buying an additional 2,674 shares during the period. Community Bank & Trust Waco Texas boosted its holdings in T-Mobile US by 2.5% in the second quarter. Community Bank & Trust Waco Texas now owns 5,476 shares of the Wireless communications provider’s stock valued at $965,000 after acquiring an additional 135 shares in the last quarter. Larson Financial Group LLC increased its position in T-Mobile US by 5.4% during the 2nd quarter. Larson Financial Group LLC now owns 14,010 shares of the Wireless communications provider’s stock valued at $2,468,000 after purchasing an additional 723 shares during the period. Foundations Investment Advisors LLC raised its holdings in T-Mobile US by 95.1% in the 2nd quarter. Foundations Investment Advisors LLC now owns 4,027 shares of the Wireless communications provider’s stock worth $709,000 after purchasing an additional 1,963 shares in the last quarter. Finally, Weaver Capital Management LLC purchased a new stake in shares of T-Mobile US in the 2nd quarter worth about $429,000. Institutional investors own 42.49% of the company’s stock.

Insider Buying and Selling

In other news, Director Telekom Ag Deutsche sold 227,604 shares of the firm’s stock in a transaction dated Monday, June 10th. The shares were 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 SEC, which is accessible through this hyperlink. 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 sale, the insider now owns 122,687 shares of the company’s stock, valued at $21,787,984.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Telekom Ag Deutsche sold 227,604 shares of the stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $180.75, for a total value of $41,139,423.00. Following the completion of the transaction, the director now directly owns 672,113,469 shares in the company, valued at approximately $121,484,509,521.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,336,950 shares of company stock worth $239,882,745. 0.67% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TMUS. Deutsche Bank Aktiengesellschaft boosted their price target on shares of T-Mobile US from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Benchmark increased their target price on T-Mobile US from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Evercore ISI upgraded T-Mobile US to a “hold” rating in a research report on Thursday, August 1st. Barclays upped their price target on T-Mobile US from $180.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Finally, TD Cowen raised their price objective on T-Mobile US from $202.00 to $216.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $198.63.

T-Mobile US Trading Down 0.8 %

NASDAQ:TMUS opened at $197.18 on Friday. The stock has a market cap of $231.07 billion, a price-to-earnings ratio of 26.83, a PEG ratio of 0.74 and a beta of 0.51. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.22. The company’s 50 day moving average price is $187.81 and its 200-day moving average price is $173.71. T-Mobile US, Inc. has a 52 week low of $132.40 and a 52 week high of $205.28.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 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 the consensus estimate of $19.61 billion. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The company’s revenue was up 3.0% compared to the same quarter last year. During the same period last year, the business posted $1.86 EPS. On average, equities research analysts forecast that T-Mobile US, Inc. will post 9.18 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Friday, August 30th will be issued a $0.65 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.60 annualized dividend and a yield of 1.32%. T-Mobile US’s payout ratio is 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.