Toronto Dominion Bank Sells 16,964 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Toronto Dominion Bank trimmed its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 5.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 271,584 shares of the Wireless communications provider's stock after selling 16,964 shares during the period. Toronto Dominion Bank's holdings in T-Mobile US were worth $56,044,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in TMUS. DT Investment Partners LLC boosted its position in shares of 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 purchasing an additional 47 shares in the last quarter. Dunhill Financial LLC boosted its holdings in T-Mobile US by 76.7% during the third quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider's stock worth $27,000 after buying an additional 56 shares in the last quarter. MFA Wealth Advisors LLC grew its position in 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 buying an additional 77 shares during the last quarter. Y.D. More Investments Ltd bought a new position in shares of T-Mobile US in the second quarter valued at $27,000. Finally, Summit Securities Group LLC acquired a new stake in shares of T-Mobile US during the 2nd quarter valued at $27,000. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Stock Down 0.5 %

TMUS traded down $1.07 during midday trading on Thursday, hitting $233.27. 4,066,961 shares of the company's stock traded hands, compared to its average volume of 4,359,495. 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 company has a market cap of $270.71 billion, a PE ratio of 26.60, a price-to-earnings-growth ratio of 1.24 and a beta of 0.53. T-Mobile US, Inc. has a one year low of $153.84 and a one year high of $248.15. The stock's fifty day simple moving average is $229.60 and its 200-day simple moving average is $202.22.

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

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend is Friday, February 28th. T-Mobile US's dividend payout ratio is 40.14%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Citigroup lifted their target price on T-Mobile US from $210.00 to $254.00 and gave the stock a "buy" rating in a report on Monday, October 21st. Tigress Financial lifted their price target on T-Mobile US from $235.00 to $280.00 and gave the stock a "buy" rating in a research note on Monday, December 2nd. Scotiabank upped their price objective on shares of T-Mobile US from $236.00 to $237.00 and gave the company a "sector perform" rating in a research note on Thursday, October 24th. BNP Paribas raised shares of T-Mobile US to a "strong-buy" rating in a research report on Friday, October 25th. Finally, KeyCorp lowered shares of T-Mobile US from an "overweight" rating to a "sector weight" rating and set a $252.00 price target on the stock. in a report on Thursday. Five analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $245.42.

Insider Activity at T-Mobile US

In other news, Director Raul Marcelo Claure sold 110,000 shares of the firm's stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $224.30, for a total value of $24,673,000.00. Following the sale, the director now directly owns 1,441,204 shares of the company's stock, valued at approximately $323,262,057.20. This trade represents a 7.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed 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 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 owns 378,124 shares in the company, valued at $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. In the last ninety days, insiders have sold 208,869 shares of company stock valued at $47,018,239. Corporate insiders own 0.67% of the company's stock.

About T-Mobile US

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.