Brentview Investment Management LLC Lowers Position in T-Mobile US, Inc. $TMUS

Brentview Investment Management LLC lessened its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 1.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 20,878 shares of the Wireless communications provider’s stock after selling 296 shares during the period. T-Mobile US accounts for about 2.5% of Brentview Investment Management LLC’s investment portfolio, making the stock its 14th biggest holding. Brentview Investment Management LLC’s holdings in T-Mobile US were worth $4,974,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new position in shares of T-Mobile US during the 2nd quarter valued at approximately $1,477,780,000. Nuveen LLC purchased a new position in T-Mobile US during the first quarter valued at approximately $618,248,000. Assenagon Asset Management S.A. boosted its position in shares of T-Mobile US by 518.8% in the second quarter. Assenagon Asset Management S.A. now owns 1,383,922 shares of the Wireless communications provider’s stock worth $329,733,000 after purchasing an additional 1,160,275 shares during the period. Canada Pension Plan Investment Board increased its stake in shares of T-Mobile US by 14.3% in the first quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider’s stock worth $1,837,399,000 after purchasing an additional 864,030 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of T-Mobile US by 25.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,172,644 shares of the Wireless communications provider’s stock valued at $1,112,886,000 after purchasing an additional 844,932 shares during the period. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Price Performance

Shares of T-Mobile US stock opened at $209.23 on Monday. The firm has a market cap of $234.02 billion, a PE ratio of 20.12, a PEG ratio of 1.51 and a beta of 0.57. The stock has a 50 day moving average of $220.29 and a 200 day moving average of $233.26. The company has a current ratio of 0.89, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37. T-Mobile US, Inc. has a 12 month low of $199.41 and a 12 month high of $276.49.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.01. The business had revenue of $21.96 billion for the quarter, compared to analysts’ expectations of $21.61 billion. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The company’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the prior year, the firm earned $2.61 EPS. On average, research analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.0%. This is an increase from T-Mobile US’s previous quarterly dividend of $0.88. The ex-dividend date is Wednesday, November 26th. T-Mobile US’s dividend payout ratio (DPR) is 39.23%.

Insider Activity at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the business’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $240.08, for a total value of $16,767,187.20. Following the sale, the director directly owned 635,014,604 shares in the company, valued at $152,454,306,128.32. The trade was a 0.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last three months, insiders have sold 1,579,501 shares of company stock valued at $369,601,580. Company insiders own 0.37% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on TMUS. Royal Bank Of Canada reiterated a “buy” rating on shares of T-Mobile US in a research note on Friday, October 24th. Wells Fargo & Company upgraded T-Mobile US from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $250.00 to $260.00 in a research report on Thursday, October 16th. Hsbc Global Res raised T-Mobile US from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 24th. Raymond James Financial upgraded T-Mobile US to a “hold” rating in a research note on Wednesday, October 1st. Finally, Benchmark increased their price objective on shares of T-Mobile US from $275.00 to $295.00 and gave the company a “buy” rating in a report on Friday, October 10th. Three analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, T-Mobile US presently has a consensus rating of “Moderate Buy” and an average price target of $266.83.

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.