T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by Portfolio Design Labs LLC

Portfolio Design Labs LLC lowered its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 25.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 25,028 shares of the Wireless communications provider's stock after selling 8,582 shares during the period. T-Mobile US accounts for approximately 1.4% of Portfolio Design Labs LLC's holdings, making the stock its 13th biggest holding. Portfolio Design Labs LLC's holdings in T-Mobile US were worth $5,165,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in TMUS. Legal & General Group Plc boosted its position in T-Mobile US by 6.8% during the second quarter. Legal & General Group Plc now owns 4,751,007 shares of the Wireless communications provider's stock valued at $837,032,000 after purchasing an additional 303,582 shares during the last quarter. Blackstone Inc. acquired a new stake in shares of T-Mobile US during the first quarter worth approximately $48,966,000. International Assets Investment Management LLC lifted its holdings in T-Mobile US by 21,580.9% during the 3rd quarter. International Assets Investment Management LLC now owns 249,981 shares of the Wireless communications provider's stock worth $51,586,000 after buying an additional 248,828 shares in the last quarter. Swedbank AB acquired a new stake in shares of T-Mobile US during the 1st quarter worth approximately $38,784,000. Finally, Distillate Capital Partners LLC acquired a new stake in shares of T-Mobile US in the 2nd quarter valued at approximately $41,860,000. Institutional investors own 42.49% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TMUS. Tigress Financial upped their target price on shares of T-Mobile US from $205.00 to $235.00 and gave the stock a "buy" rating in a research note on Monday, August 12th. Morgan Stanley boosted their price target on T-Mobile US from $209.00 to $239.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 29th. KeyCorp boosted their price target on T-Mobile US from $230.00 to $252.00 and gave the stock an "overweight" rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. raised their target price on shares of T-Mobile US from $230.00 to $250.00 and gave the stock an "overweight" rating in a research note on Thursday, October 24th. Finally, Raymond James downgraded T-Mobile US from an "outperform" rating to a "market perform" rating in a research note on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $241.83.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Raul Marcelo Claure sold 1,572 shares of the business's stock in a transaction on Monday, September 9th. The shares were sold at an average price of $196.00, for a total value of $308,112.00. Following the completion of the transaction, the director now owns 1,824,632 shares in the company, valued at $357,627,872. The trade was a 0.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Michael J. Katz sold 3,000 shares of T-Mobile US stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $205.30, for a total transaction of $615,900.00. Following the sale, the insider now directly owns 119,687 shares of the company's stock, valued at approximately $24,571,741.10. This trade represents a 2.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 455,338 shares of company stock valued at $95,539,866 in the last three months. 0.67% of the stock is currently owned by company insiders.

T-Mobile US Price Performance

TMUS traded up $2.27 during trading on Wednesday, reaching $235.47. 2,538,508 shares of the company traded hands, compared to its average volume of 4,421,048. T-Mobile US, Inc. has a 12-month low of $147.96 and a 12-month high of $242.43. The firm has a fifty day simple moving average of $217.45 and a 200 day simple moving average of $193.82. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.08. The company has a market cap of $273.26 billion, a P/E ratio of 26.59, a PEG ratio of 1.20 and a beta of 0.50.

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

T-Mobile US Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be paid a dividend of $0.88 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.49%. This is a positive change from T-Mobile US's previous quarterly dividend of $0.65. T-Mobile US's dividend payout ratio (DPR) is presently 29.65%.

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.