Arete Wealth Advisors LLC Sells 3,386 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Arete Wealth Advisors LLC lessened its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 58.2% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 2,428 shares of the Wireless communications provider's stock after selling 3,386 shares during the quarter. Arete Wealth Advisors LLC's holdings in T-Mobile US were worth $503,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Teachers Retirement System of The State of Kentucky grew its holdings in T-Mobile US by 6.8% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 87,722 shares of the Wireless communications provider's stock valued at $18,102,000 after buying an additional 5,573 shares in the last quarter. Sunbelt Securities Inc. boosted its position in shares of T-Mobile US by 23.2% in the third quarter. Sunbelt Securities Inc. now owns 812 shares of the Wireless communications provider's stock valued at $168,000 after acquiring an additional 153 shares during the period. Coldstream Capital Management Inc. grew its stake in shares of T-Mobile US by 16.6% in the third quarter. Coldstream Capital Management Inc. now owns 12,057 shares of the Wireless communications provider's stock valued at $2,551,000 after acquiring an additional 1,719 shares in the last quarter. Brophy Wealth Management LLC bought a new position in T-Mobile US during the third quarter worth about $889,000. Finally, Vestcor Inc raised its stake in T-Mobile US by 1.3% in the 3rd quarter. Vestcor Inc now owns 131,688 shares of the Wireless communications provider's stock worth $27,175,000 after purchasing an additional 1,691 shares in the last quarter. Institutional investors own 42.49% of the company's stock.

Analysts Set New Price Targets

TMUS has been the topic of a number of analyst reports. Oppenheimer increased their target price on shares of T-Mobile US from $215.00 to $250.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Royal Bank of Canada increased their price target on T-Mobile US from $232.00 to $255.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. KeyCorp cut T-Mobile US from an "overweight" rating to a "sector weight" rating and set a $252.00 price objective for the company. in a report on Thursday. Bank of America increased their target price on T-Mobile US from $220.00 to $240.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Finally, Evercore ISI boosted their price target on T-Mobile US from $220.00 to $240.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Five analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, T-Mobile US presently has an average rating of "Moderate Buy" and a consensus price target of $245.42.

T-Mobile US Price Performance

Shares of NASDAQ TMUS traded down $1.33 during mid-day trading on Friday, hitting $231.94. 2,895,461 shares of the stock traded hands, compared to its average volume of 4,353,427. The company has a market cap of $269.16 billion, a PE ratio of 26.60, a price-to-earnings-growth ratio of 1.20 and a beta of 0.53. T-Mobile US, Inc. has a twelve month low of $153.84 and a twelve month high of $248.15. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99. The firm has a 50 day simple moving average of $230.10 and a two-hundred day simple moving average of $202.43.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, beating analysts' consensus estimates of $2.32 by $0.29. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The firm had revenue of $20.16 billion for the quarter, compared to analyst estimates of $20.01 billion. During the same period last year, the firm posted $1.82 earnings per share. The business's revenue for the quarter was up 4.7% on a year-over-year basis. As a group, equities research analysts forecast that T-Mobile US, Inc. will post 9.38 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.52%. The ex-dividend date is Friday, February 28th. T-Mobile US's dividend payout ratio (DPR) is currently 40.14%.

Insider Activity

In other news, Director Srikant M. Datar sold 1,000 shares of the company's stock in a transaction on Friday, November 29th. The shares were sold at an average price of $246.00, for a total value of $246,000.00. Following the sale, the director now directly owns 4,021 shares of the company's stock, valued at approximately $989,166. This represents a 19.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO G Michael Sievert sold 20,000 shares of T-Mobile US stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $237.73, for a total value of $4,754,600.00. Following the completion of the transaction, the chief executive officer now directly owns 378,124 shares of the company's stock, valued at approximately $89,891,418.52. This trade represents a 5.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 208,869 shares of company stock valued at $47,018,239. Insiders own 0.67% of the company's stock.

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.