Lincoln Capital Corp Sells 349 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Lincoln Capital Corp lessened its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 1.1% in the first quarter, Holdings Channel reports. The institutional investor owned 32,697 shares of the Wireless communications provider’s stock after selling 349 shares during the period. T-Mobile US accounts for approximately 2.3% of Lincoln Capital Corp’s holdings, making the stock its 13th largest position. Lincoln Capital Corp’s holdings in T-Mobile US were worth $5,337,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in TMUS. Acadian Asset Management LLC raised its holdings in T-Mobile US by 376.8% in the 3rd quarter. Acadian Asset Management LLC now owns 882 shares of the Wireless communications provider’s stock valued at $122,000 after buying an additional 697 shares during the last quarter. Dark Forest Capital Management LP bought a new position in T-Mobile US in the 3rd quarter valued at approximately $560,000. LPL Financial LLC increased its position in T-Mobile US by 16.7% during the 3rd quarter. LPL Financial LLC now owns 162,865 shares of the Wireless communications provider’s stock valued at $22,809,000 after purchasing an additional 23,334 shares during the period. Cary Street Partners Investment Advisory LLC increased its position in T-Mobile US by 44.3% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 329 shares of the Wireless communications provider’s stock valued at $46,000 after purchasing an additional 101 shares during the period. Finally, O Shaughnessy Asset Management LLC increased its position in T-Mobile US by 9.5% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 38,432 shares of the Wireless communications provider’s stock valued at $5,382,000 after purchasing an additional 3,335 shares during the period. Institutional investors own 42.49% of the company’s stock.

Insider Transactions at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 133,461 shares of T-Mobile US stock in a transaction on Monday, June 24th. The stock was sold at an average price of $178.04, for a total transaction of $23,761,396.44. Following the sale, the director now directly owns 670,812,128 shares in the company, valued at approximately $119,431,391,269.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Telekom Ag Deutsche sold 133,461 shares of T-Mobile US stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $178.04, for a total value of $23,761,396.44. Following the completion of the sale, the director now owns 670,812,128 shares of the company’s stock, valued at approximately $119,431,391,269.12. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Peter Osvaldik sold 10,000 shares of T-Mobile US stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $180.98, for a total value of $1,809,800.00. Following the completion of the sale, the chief financial officer now directly owns 81,307 shares of the company’s stock, valued at approximately $14,714,940.86. The disclosure for this sale can be found here. Insiders have sold 6,512,248 shares of company stock worth $1,086,228,100 in the last ninety days. Company insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. KeyCorp increased their target price on shares of T-Mobile US from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. Benchmark reissued a “buy” rating and set a $200.00 target price on shares of T-Mobile US in a research report on Wednesday, May 29th. Citigroup increased their target price on shares of T-Mobile US from $176.00 to $184.00 and gave the company a “buy” rating in a research report on Monday, March 25th. Bank of America increased their target price 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. Finally, StockNews.com raised shares of T-Mobile US from a “hold” rating to a “buy” rating in a research report on Thursday, June 13th. Fourteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $190.36.

T-Mobile US Stock Up 0.5 %

NASDAQ TMUS traded up $0.86 during mid-day trading on Friday, hitting $178.28. The company’s stock had a trading volume of 508,697 shares, compared to its average volume of 4,872,168. The company’s 50 day simple moving average is $169.23 and its 200 day simple moving average is $164.26. T-Mobile US, Inc. has a twelve month low of $131.47 and a twelve month high of $182.67. The company has a current ratio of 0.94, a quick ratio of 0.86 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $208.92 billion, a price-to-earnings ratio of 24.14, a PEG ratio of 0.69 and a beta of 0.50.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.17. T-Mobile US had a net margin of 11.15% and a return on equity of 13.61%. The business had revenue of $19.59 billion during the quarter, compared to the consensus estimate of $19.81 billion. During the same quarter last year, the firm posted $1.58 EPS. T-Mobile US’s revenue was down .2% compared to the same quarter last year. Analysts anticipate that T-Mobile US, Inc. will post 9.02 earnings per share for the current year.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Friday, August 30th will be paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend is Friday, August 30th. 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.