Signature Estate & Investment Advisors LLC Cuts Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Signature Estate & Investment Advisors LLC lowered its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 39.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,516 shares of the Wireless communications provider's stock after selling 7,388 shares during the quarter. Signature Estate & Investment Advisors LLC's holdings in T-Mobile US were worth $2,376,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. WASHINGTON TRUST Co lifted its holdings in T-Mobile US by 143.1% during the 2nd quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider's stock valued at $25,000 after buying an additional 83 shares in the last quarter. DT Investment Partners LLC boosted its position in T-Mobile US by 65.3% during the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider's stock valued at $25,000 after acquiring an additional 47 shares in the last quarter. Summit Securities Group LLC purchased a new position in shares of T-Mobile US in the 2nd quarter valued at $27,000. Y.D. More Investments Ltd bought a new position in shares of T-Mobile US in the 2nd quarter worth $27,000. Finally, MFA Wealth Advisors LLC boosted its position in T-Mobile US by 128.3% during the third quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider's stock valued at $28,000 after purchasing an additional 77 shares in the last quarter. Institutional investors own 42.49% of the company's stock.

Insider Buying and Selling

In other T-Mobile US news, insider Michael J. Katz sold 3,000 shares of the business's 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 in the company, valued at approximately $24,571,741.10. The trade was a 2.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO G Michael Sievert sold 20,000 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $237.73, for a total transaction of $4,754,600.00. Following the completion of the sale, the chief executive officer now directly owns 378,124 shares in the company, valued at approximately $89,891,418.52. The trade was a 5.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 464,924 shares of company stock worth $97,427,925 in the last 90 days. Company insiders own 0.67% of the company's stock.

T-Mobile US Price Performance

TMUS stock traded down $2.14 during midday trading on Friday, reaching $235.61. The stock had a trading volume of 3,939,953 shares, compared to its average volume of 4,440,809. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. The company's fifty day simple moving average is $215.03 and its 200 day simple moving average is $191.94. T-Mobile US, Inc. has a 52-week low of $147.07 and a 52-week high of $242.43. The company has a market cap of $273.42 billion, a price-to-earnings ratio of 26.86, a price-to-earnings-growth ratio of 1.23 and a beta of 0.50.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (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 company had revenue of $20.16 billion for the quarter, compared to analyst estimates of $20.01 billion. During the same quarter in the previous year, the company earned $1.82 earnings per share. The firm's quarterly revenue was up 4.7% compared to the same quarter last year. As a group, sell-side analysts predict that T-Mobile US, Inc. will post 9.36 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The company 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 $0.88 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $3.52 dividend on an annualized basis and a yield of 1.49%. This is a boost from T-Mobile US's previous quarterly dividend of $0.65. T-Mobile US's payout ratio is currently 29.65%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on TMUS shares. JPMorgan Chase & Co. lifted their price objective on shares of T-Mobile US from $230.00 to $250.00 and gave the stock an "overweight" rating in a research report on Thursday, October 24th. Scotiabank upped their target price on T-Mobile US from $236.00 to $237.00 and gave the company a "sector perform" rating in a research report on Thursday, October 24th. Daiwa America raised T-Mobile US to a "hold" rating in a report on Friday, October 25th. StockNews.com upgraded shares of T-Mobile US from a "hold" rating to a "buy" rating in a report on Tuesday, July 30th. Finally, Oppenheimer boosted 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. Three equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $241.83.

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.