Thrivent Financial for Lutherans Sells 10,610 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Thrivent Financial for Lutherans reduced its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 13.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 66,748 shares of the Wireless communications provider's stock after selling 10,610 shares during the quarter. Thrivent Financial for Lutherans' holdings in T-Mobile US were worth $13,774,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. WASHINGTON TRUST Co increased its position 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 raised 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 worth $25,000 after purchasing an additional 47 shares during the period. Summit Securities Group LLC bought a new stake in T-Mobile US during the second quarter valued at about $27,000. Y.D. More Investments Ltd bought a new stake in T-Mobile US during the second quarter valued at about $27,000. Finally, MFA Wealth Advisors LLC increased its holdings in shares of T-Mobile US by 128.3% in the third quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider's stock worth $28,000 after purchasing an additional 77 shares during the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

T-Mobile US Price Performance

NASDAQ TMUS traded up $0.87 during mid-day trading on Thursday, hitting $236.34. The stock had a trading volume of 492,641 shares, compared to its average volume of 4,403,458. T-Mobile US, Inc. has a 52-week low of $147.96 and a 52-week high of $242.43. The company has a market cap of $274.27 billion, a price-to-earnings ratio of 26.85, a P/E/G ratio of 1.19 and a beta of 0.50. The company has a 50 day simple moving average of $218.19 and a 200 day simple moving average of $194.11. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23.

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 the consensus estimate of $2.32 by $0.29. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The business had revenue of $20.16 billion for the quarter, compared to analysts' expectations of $20.01 billion. During the same period in the previous year, the company posted $1.82 EPS. T-Mobile US's revenue was up 4.7% on a year-over-year basis. Equities analysts forecast that T-Mobile US, Inc. will post 9.38 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be given 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 is currently 29.65%.

Insider Activity

In other news, EVP Nestor Cano sold 11,100 shares of the business's stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $230.75, for a total transaction of $2,561,325.00. Following the completion of the transaction, the executive vice president now directly owns 4,400 shares in the company, valued at approximately $1,015,300. The trade was a 71.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO G Michael Sievert sold 20,000 shares of T-Mobile US stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $237.73, for a total value of $4,754,600.00. Following the transaction, the chief executive officer now owns 378,124 shares in the company, valued at $89,891,418.52. This trade represents a 5.02 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 455,338 shares of company stock valued at $95,539,866. Insiders own 0.67% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on TMUS. Tigress Financial lifted their price target on T-Mobile US from $205.00 to $235.00 and gave the stock a "buy" rating in a research report on Monday, August 12th. Wells Fargo & Company upped their price objective on T-Mobile US from $230.00 to $240.00 and gave the stock an "overweight" rating in a research note on Thursday, October 24th. Raymond James cut T-Mobile US from an "outperform" rating to a "market perform" rating in a research note on Friday, October 25th. StockNews.com raised T-Mobile US from a "hold" rating to a "buy" rating in a report on Tuesday, July 30th. Finally, Royal Bank of Canada raised their price objective on T-Mobile US from $232.00 to $255.00 and gave the stock an "outperform" rating in a research note on Friday, October 25th. Three research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price 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.