T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. cut its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 0.0% during the 2nd quarter, Holdings Channel.com reports. The fund owned 928,984 shares of the Wireless communications provider’s stock after selling 444 shares during the period. Victory Capital Management Inc.’s holdings in T-Mobile US were worth $163,668,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of TMUS. WASHINGTON TRUST Co boosted its position in shares of T-Mobile US by 143.1% in the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 83 shares during the last quarter. Private Wealth Management Group LLC acquired a new stake in shares of T-Mobile US in the fourth quarter worth approximately $27,000. Summit Securities Group LLC acquired a new stake in shares of T-Mobile US in the second quarter worth approximately $27,000. Westside Investment Management Inc. lifted its position in T-Mobile US by 75.8% during the first quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 75 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in T-Mobile US during the second quarter valued at approximately $30,000. 42.49% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling 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 on Monday, August 26th. The shares were sold at an average price of $200.11, for a total transaction of $541,497.66. Following the completion of the sale, the director now owns 1,826,204 shares in the company, valued at $365,441,682.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other T-Mobile US news, Director Raul Marcelo Claure sold 2,706 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $200.11, for a total transaction of $541,497.66. Following the completion of the sale, the director now owns 1,826,204 shares in the company, valued at $365,441,682.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO G Michael Sievert sold 20,000 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $194.57, for a total transaction of $3,891,400.00. Following the sale, the chief executive officer now owns 418,124 shares of the company’s stock, valued at approximately $81,354,386.68. The disclosure for this sale can be found here. Insiders sold a total of 1,336,950 shares of company stock worth $239,882,745 over the last 90 days. Insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Bank of America lifted their price target on shares of T-Mobile US from $175.00 to $195.00 and gave the company a “buy” rating in a research report on Monday, June 10th. StockNews.com raised shares of T-Mobile US from a “hold” rating to a “buy” rating in a research report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft lifted 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. TD Cowen lifted their price target on shares of T-Mobile US from $202.00 to $216.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, Evercore ISI raised shares of T-Mobile US to a “hold” rating in a research report on Thursday, August 1st. One analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $198.63.

T-Mobile US Stock Down 2.1 %

Shares of NASDAQ:TMUS opened at $193.00 on Friday. 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 company has a fifty day simple moving average of $188.14 and a 200 day simple moving average of $173.93. The firm has a market cap of $226.17 billion, a PE ratio of 26.26, a price-to-earnings-growth ratio of 0.74 and a beta of 0.51. T-Mobile US, Inc. has a 12-month low of $134.50 and a 12-month high of $205.28.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.22. The business had revenue of $19.77 billion during the quarter, compared to analyst estimates of $19.61 billion. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The business’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.86 earnings per share. On average, equities research analysts anticipate that T-Mobile US, Inc. will post 9.18 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.60 annualized dividend and a yield of 1.35%. T-Mobile US’s payout ratio is 35.37%.

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.