Valley Wealth Managers Inc. Decreases Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Valley Wealth Managers Inc. reduced its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 2.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 104,342 shares of the Wireless communications provider's stock after selling 2,410 shares during the period. T-Mobile US makes up approximately 1.6% of Valley Wealth Managers Inc.'s investment portfolio, making the stock its 18th biggest position. Valley Wealth Managers Inc.'s holdings in T-Mobile US were worth $21,532,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC increased its holdings in T-Mobile US by 21,580.9% in the third quarter. International Assets Investment Management LLC now owns 249,981 shares of the Wireless communications provider's stock valued at $51,586,000 after purchasing an additional 248,828 shares during the period. Victory Capital Management Inc. increased its stake in T-Mobile US by 0.9% in the 3rd quarter. Victory Capital Management Inc. now owns 937,085 shares of the Wireless communications provider's stock valued at $193,377,000 after buying an additional 8,101 shares during the last quarter. NewEdge Advisors LLC increased its stake in T-Mobile US by 13.6% in the 2nd quarter. NewEdge Advisors LLC now owns 211,059 shares of the Wireless communications provider's stock valued at $37,184,000 after buying an additional 25,217 shares during the last quarter. Ferguson Wellman Capital Management Inc. increased its stake in T-Mobile US by 84.6% in the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 223,997 shares of the Wireless communications provider's stock valued at $46,224,000 after buying an additional 102,663 shares during the last quarter. Finally, Vontobel Holding Ltd. increased its stake in T-Mobile US by 15.2% in the 3rd quarter. Vontobel Holding Ltd. now owns 96,297 shares of the Wireless communications provider's stock valued at $19,872,000 after buying an additional 12,724 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Benchmark increased their price objective on shares of T-Mobile US from $250.00 to $255.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Tigress Financial raised their price target 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. Citigroup raised their price target on shares of T-Mobile US from $210.00 to $254.00 and gave the stock a "buy" rating in a research note on Monday, October 21st. KeyCorp raised their price target on shares of T-Mobile US from $230.00 to $252.00 and gave the stock an "overweight" rating in a research note on Thursday, October 24th. Finally, Evercore ISI raised their price target on shares of T-Mobile US from $220.00 to $240.00 and gave the stock an "outperform" rating in a research note 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $241.83.

Insider Activity at T-Mobile US

In related news, CEO G Michael Sievert sold 20,000 shares of the business's 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 sale, the chief executive officer now owns 378,124 shares of the company's stock, valued at $89,891,418.52. The trade was a 5.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Raul Marcelo Claure sold 9,586 shares of the business's stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $196.96, for a total transaction of $1,888,058.56. Following the sale, the director now directly owns 1,940,792 shares in the company, valued at $382,258,392.32. The trade was a 0.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 464,924 shares of company stock worth $97,427,925 over the last 90 days. 0.67% of the stock is owned by company insiders.

T-Mobile US Trading Down 0.9 %

NASDAQ:TMUS traded down $2.14 during trading hours on Friday, reaching $235.61. The company's stock had a trading volume of 3,939,953 shares, compared to its average volume of 4,440,809. The firm has a market capitalization of $273.42 billion, a price-to-earnings ratio of 26.86, a PEG ratio of 1.23 and a beta of 0.50. The firm has a 50-day simple moving average of $215.03 and a 200-day simple moving average of $191.94. T-Mobile US, Inc. has a 1 year low of $147.07 and a 1 year high of $242.43. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.08.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $20.16 billion for the quarter, compared to analysts' expectations of $20.01 billion. During the same quarter last year, the company earned $1.82 EPS. The firm's revenue was up 4.7% compared to the same quarter last year. Research analysts expect that T-Mobile US, Inc. will post 9.36 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be given a dividend of $0.88 per share. The ex-dividend date is Wednesday, November 27th. This represents a $3.52 annualized dividend and a dividend 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%.

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.