Wealth Enhancement Advisory Services LLC decreased its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 0.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 506,285 shares of the Wireless communications provider's stock after selling 4,144 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in T-Mobile US were worth $104,477,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. WASHINGTON TRUST Co lifted its holdings in shares of T-Mobile US by 143.1% in the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider's stock worth $25,000 after buying an additional 83 shares in the last quarter. DT Investment Partners LLC boosted its holdings in T-Mobile US by 65.3% in the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider's stock valued at $25,000 after purchasing an additional 47 shares during the period. Summit Securities Group LLC bought a new position in T-Mobile US in the 2nd quarter valued at $27,000. Y.D. More Investments Ltd purchased a new position in shares of T-Mobile US during the 2nd quarter valued at $27,000. Finally, Westside Investment Management Inc. increased its holdings in shares of T-Mobile US by 75.8% in the first quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider's stock worth $28,000 after purchasing an additional 75 shares during the period. Institutional investors own 42.49% of the company's stock.
T-Mobile US Trading Down 3.1 %
T-Mobile US stock traded down $7.20 during trading hours on Friday, reaching $226.36. The company had a trading volume of 6,478,408 shares, compared to its average volume of 4,511,788. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.84 and a quick ratio of 0.78. T-Mobile US, Inc. has a 12-month low of $138.42 and a 12-month high of $234.56. The company has a 50-day moving average price of $206.12 and a 200 day moving average price of $185.23. The firm has a market cap of $264.11 billion, a price-to-earnings ratio of 28.37, a P/E/G ratio of 1.15 and a beta of 0.51.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted 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. The company had revenue of $20.16 billion during the quarter, compared to analyst estimates of $20.01 billion. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The firm's revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.82 EPS. Equities analysts forecast that T-Mobile US, Inc. will post 9.22 earnings per share for the current year.
T-Mobile US Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date is Wednesday, November 27th. This is an increase from T-Mobile US's previous quarterly dividend of $0.65. T-Mobile US's payout ratio is currently 32.58%.
Analyst Ratings Changes
Several research firms recently commented on TMUS. Wells Fargo & Company boosted their target price on T-Mobile US from $230.00 to $240.00 and gave the stock an "overweight" rating in a research report on Thursday. Citigroup upped their price objective on shares of T-Mobile US from $210.00 to $254.00 and gave the stock a "buy" rating in a research report on Monday, October 21st. Benchmark lifted their target price on shares of T-Mobile US from $250.00 to $255.00 and gave the company a "buy" rating in a research report on Thursday. Raymond James cut shares of T-Mobile US from an "outperform" rating to a "market perform" rating in a research note on Friday. Finally, Evercore ISI lifted their price objective on shares of T-Mobile US from $220.00 to $240.00 and gave the stock an "outperform" rating in a report on Thursday. Two equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $240.17.
Check Out Our Latest Analysis on T-Mobile US
Insider Buying and Selling at T-Mobile US
In related news, EVP Mark Wolfe Nelson sold 42,769 shares of T-Mobile US stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $216.26, for a total value of $9,249,223.94. Following the sale, the executive vice president now owns 61,871 shares in the company, valued at $13,380,222.46. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Michael J. Katz sold 3,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $205.30, for a total value of $615,900.00. Following the completion of the transaction, the insider now owns 119,687 shares of the company's stock, valued at approximately $24,571,741.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark Wolfe Nelson sold 42,769 shares of T-Mobile US stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $216.26, for a total value of $9,249,223.94. Following the sale, the executive vice president now owns 61,871 shares in the company, valued at $13,380,222.46. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 349,261 shares of company stock valued at $69,411,130 in the last 90 days. Insiders own 0.67% of the company's stock.
About T-Mobile US
(
Free Report)
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.
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