Brentview Investment Management LLC Sells 296 Shares of T-Mobile US, Inc. $TMUS

Brentview Investment Management LLC trimmed its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 1.4% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 20,878 shares of the Wireless communications provider’s stock after selling 296 shares during the quarter. T-Mobile US accounts for 2.5% of Brentview Investment Management LLC’s investment portfolio, making the stock its 14th largest holding. Brentview Investment Management LLC’s holdings in T-Mobile US were worth $4,974,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Federated Hermes Inc. grew its stake in shares of T-Mobile US by 155.3% during the first quarter. Federated Hermes Inc. now owns 10,936 shares of the Wireless communications provider’s stock valued at $2,917,000 after buying an additional 6,653 shares during the last quarter. Nicolet Advisory Services LLC boosted its holdings in T-Mobile US by 3.9% during the 1st quarter. Nicolet Advisory Services LLC now owns 1,204 shares of the Wireless communications provider’s stock valued at $308,000 after acquiring an additional 45 shares during the period. US Bancorp DE grew its position in T-Mobile US by 0.8% in the 1st quarter. US Bancorp DE now owns 118,139 shares of the Wireless communications provider’s stock valued at $31,509,000 after acquiring an additional 944 shares during the last quarter. Moors & Cabot Inc. increased its stake in T-Mobile US by 2.2% in the first quarter. Moors & Cabot Inc. now owns 3,773 shares of the Wireless communications provider’s stock worth $1,006,000 after purchasing an additional 82 shares during the period. Finally, OVERSEA CHINESE BANKING Corp Ltd bought a new stake in shares of T-Mobile US during the first quarter worth $4,682,000. 42.49% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TMUS. JPMorgan Chase & Co. upped their price target on shares of T-Mobile US from $280.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday, September 30th. The Goldman Sachs Group assumed coverage on shares of T-Mobile US in a research report on Tuesday, September 2nd. They issued a “buy” rating and a $286.00 price objective for the company. Moffett Nathanson raised their target price on shares of T-Mobile US from $210.00 to $230.00 and gave the stock a “neutral” rating in a research report on Thursday, October 2nd. Daiwa Capital Markets decreased their price target on shares of T-Mobile US from $240.00 to $230.00 and set a “neutral” rating for the company in a research note on Tuesday, October 28th. Finally, DZ Bank reiterated a “buy” rating on shares of T-Mobile US in a report on Tuesday, October 28th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $266.83.

Insider Activity at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the firm’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $240.08, for a total transaction of $16,767,187.20. Following the sale, the director owned 635,014,604 shares of the company’s stock, valued at $152,454,306,128.32. This trade represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders sold 1,579,501 shares of company stock valued at $369,601,580. Insiders own 0.37% of the company’s stock.

T-Mobile US Trading Up 1.2%

NASDAQ:TMUS opened at $209.23 on Monday. The firm has a 50-day simple moving average of $220.29 and a 200-day simple moving average of $233.26. T-Mobile US, Inc. has a one year low of $199.41 and a one year high of $276.49. The firm has a market cap of $234.02 billion, a P/E ratio of 20.12, a P/E/G ratio of 1.51 and a beta of 0.57. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.89.

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, beating the consensus estimate of $2.40 by $0.01. The company had revenue of $21.96 billion for the quarter, compared to analyst estimates of $21.61 billion. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. T-Mobile US’s revenue was up 8.9% compared to the same quarter last year. During the same period last year, the company posted $2.61 earnings per share. Equities analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be issued a $1.02 dividend. The ex-dividend date is Wednesday, November 26th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.0%. This is a boost from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s dividend payout ratio (DPR) is 39.23%.

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.