MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Sells 4,298 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lowered its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 3.6% during the first quarter, Holdings Channel reports. The firm owned 114,228 shares of the Wireless communications provider’s stock after selling 4,298 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in T-Mobile US were worth $18,644,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of TMUS. Private Wealth Management Group LLC acquired a new stake in shares of T-Mobile US during the 4th quarter worth approximately $27,000. Valley National Advisers Inc. increased its stake in shares of T-Mobile US by 232.1% in the 4th quarter. Valley National Advisers Inc. now owns 176 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 123 shares during the last quarter. Baker Avenue Asset Management LP raised its holdings in shares of T-Mobile US by 63.3% during the 3rd quarter. Baker Avenue Asset Management LP now owns 209 shares of the Wireless communications provider’s stock worth $29,000 after buying an additional 81 shares in the last quarter. Bay Harbor Wealth Management LLC bought a new stake in shares of T-Mobile US during the 4th quarter worth $34,000. Finally, Pinnacle Bancorp Inc. grew its position in T-Mobile US by 52.8% in the first quarter. Pinnacle Bancorp Inc. now owns 220 shares of the Wireless communications provider’s stock valued at $36,000 after acquiring an additional 76 shares during the last quarter. Institutional investors own 42.49% of the company’s stock.

Insider Activity

In related news, Director Telekom Ag Deutsche sold 227,604 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $172.65, for a total value of $39,295,830.60. Following the transaction, the director now owns 673,251,489 shares of the company’s stock, valued at $116,236,869,575.85. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other T-Mobile US news, Director Telekom Ag Deutsche sold 227,604 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $172.65, for a total value of $39,295,830.60. Following the completion of the sale, the director now owns 673,251,489 shares of the company’s stock, valued at $116,236,869,575.85. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Dara Bazzano sold 4,300 shares of the stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $179.78, for a total transaction of $773,054.00. Following the transaction, the chief accounting officer now owns 6,202 shares in the company, valued at $1,114,995.56. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,586,500 shares of company stock worth $1,102,006,954. 0.67% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on TMUS. The Goldman Sachs Group assumed coverage on shares of T-Mobile US in a research report on Monday. They set a “buy” rating and a $200.00 price objective for the company. Citigroup increased their price target on T-Mobile US from $176.00 to $184.00 and gave the stock a “buy” rating in a report on Monday, March 25th. StockNews.com upgraded T-Mobile US from a “hold” rating to a “buy” rating in a research note on Thursday, June 13th. Oppenheimer reiterated an “outperform” rating and issued a $190.00 target price on shares of T-Mobile US in a report on Wednesday, April 3rd. Finally, Bank of America lifted their price target on T-Mobile US from $175.00 to $195.00 and gave the stock a “buy” rating in a report on Monday, June 10th. Fifteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $190.79.

T-Mobile US Price Performance

NASDAQ:TMUS traded up $0.90 during mid-day trading on Tuesday, hitting $179.98. 3,314,728 shares of the stock traded hands, compared to its average volume of 4,884,002. The company has a market cap of $210.91 billion, a PE ratio of 24.41, a price-to-earnings-growth ratio of 0.69 and a beta of 0.51. T-Mobile US, Inc. has a 12-month low of $131.47 and a 12-month high of $182.67. The business’s 50-day moving average price is $170.18 and its 200 day moving average price is $164.69. The company has a quick ratio of 0.86, a current ratio of 0.94 and a debt-to-equity ratio of 1.25.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.17. T-Mobile US had a return on equity of 13.61% and a net margin of 11.15%. The firm had revenue of $19.59 billion for the quarter, compared to analysts’ expectations of $19.81 billion. During the same quarter last year, the firm posted $1.58 EPS. The company’s revenue was down .2% compared to the same quarter last year. On average, analysts expect that T-Mobile US, Inc. will post 9.01 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Friday, August 30th will be paid a $0.65 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.60 dividend on an annualized basis and a yield of 1.44%. T-Mobile US’s dividend payout ratio is presently 35.37%.

T-Mobile US 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.