Duff & Phelps Investment Management Co. Cuts Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Duff & Phelps Investment Management Co. cut its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 79.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,188 shares of the Wireless communications provider’s stock after selling 4,703 shares during the period. Duff & Phelps Investment Management Co.’s holdings in T-Mobile US were worth $209,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of TMUS. Compton Wealth Advisory Group LLC boosted its holdings in T-Mobile US by 0.4% during the second quarter. Compton Wealth Advisory Group LLC now owns 15,009 shares of the Wireless communications provider’s stock worth $2,644,000 after purchasing an additional 56 shares during the last quarter. Benjamin Edwards Inc. boosted its stake in shares of T-Mobile US by 0.7% in the 2nd quarter. Benjamin Edwards Inc. now owns 8,331 shares of the Wireless communications provider’s stock worth $1,468,000 after buying an additional 56 shares during the last quarter. Anfield Capital Management LLC grew its holdings in shares of T-Mobile US by 18.7% in the second quarter. Anfield Capital Management LLC now owns 362 shares of the Wireless communications provider’s stock valued at $64,000 after acquiring an additional 57 shares in the last quarter. Capital Advisors Ltd. LLC increased its position in shares of T-Mobile US by 22.6% during the second quarter. Capital Advisors Ltd. LLC now owns 315 shares of the Wireless communications provider’s stock valued at $55,000 after acquiring an additional 58 shares during the last quarter. Finally, Proficio Capital Partners LLC lifted its holdings in T-Mobile US by 2.3% during the first quarter. Proficio Capital Partners LLC now owns 2,840 shares of the Wireless communications provider’s stock worth $464,000 after acquiring an additional 64 shares during the period. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Price Performance

TMUS stock opened at $205.18 on Monday. The firm has a 50 day moving average of $194.35 and a 200-day moving average of $177.97. The firm has a market capitalization of $240.44 billion, a P/E ratio of 27.92, a price-to-earnings-growth ratio of 1.07 and a beta of 0.51. 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.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly 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 firm had revenue of $19.77 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the firm earned $1.86 EPS. As a group, sell-side analysts predict that T-Mobile US, Inc. will post 9.13 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.72%. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. The ex-dividend date is Wednesday, November 27th. T-Mobile US’s payout ratio is presently 47.89%.

Analyst Ratings Changes

TMUS has been the subject of several research analyst reports. Tigress Financial raised their target price on T-Mobile US from $205.00 to $235.00 and gave the company a “buy” rating in a research report on Monday, August 12th. TD Cowen lifted their price objective on shares of T-Mobile US from $202.00 to $216.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Wells Fargo & Company boosted their target price on shares of T-Mobile US from $200.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, September 12th. Citigroup raised their price target on shares of T-Mobile US from $184.00 to $210.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. 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. Eighteen investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $214.36.

Insiders Place Their Bets

In other news, insider Jon Freier sold 10,000 shares of T-Mobile US stock in a transaction dated 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 completion of the sale, the insider now owns 162,628 shares in the company, valued at approximately $29,577,154.36. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, EVP Deeanne King sold 15,437 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $190.00, for a total value of $2,933,030.00. Following the transaction, the executive vice president now owns 35,588 shares of the company’s stock, valued at $6,761,720. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jon Freier sold 10,000 shares of T-Mobile US stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $181.87, for a total value of $1,818,700.00. Following the sale, 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 have sold 303,492 shares of company stock worth $59,546,006 in the last ninety days. 0.67% of the stock is currently owned by insiders.

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.