Nemes Rush Group LLC Sells 9,453 Shares of T-Mobile US, Inc. $TMUS

Nemes Rush Group LLC lessened its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 82.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,949 shares of the Wireless communications provider’s stock after selling 9,453 shares during the period. Nemes Rush Group LLC’s holdings in T-Mobile US were worth $318,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Retirement Systems of Alabama raised its holdings in shares of T-Mobile US by 3.5% during the third quarter. Retirement Systems of Alabama now owns 101,226 shares of the Wireless communications provider’s stock valued at $16,508,000 after purchasing an additional 3,466 shares during the period. Fulcrum Asset Management LLP boosted its position in shares of T-Mobile US by 27.8% during the 3rd quarter. Fulcrum Asset Management LLP now owns 25,528 shares of the Wireless communications provider’s stock worth $4,161,000 after purchasing an additional 5,547 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of T-Mobile US by 7.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 24,650 shares of the Wireless communications provider’s stock valued at $3,987,000 after buying an additional 1,652 shares during the period. RHL Group LLC grew its stake in shares of T-Mobile US by 214.1% in the 3rd quarter. RHL Group LLC now owns 311 shares of the Wireless communications provider’s stock valued at $51,000 after buying an additional 212 shares during the period. Finally, Hohimer Wealth Management LLC increased its position in T-Mobile US by 44.9% in the 3rd quarter. Hohimer Wealth Management LLC now owns 32,095 shares of the Wireless communications provider’s stock valued at $5,234,000 after buying an additional 9,947 shares in the last quarter. 42.49% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CAO Daniel James Drobac sold 772 shares of the stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $178.33, for a total value of $137,670.76. Following the completion of the sale, the chief accounting officer directly owned 35,118 shares of the company’s stock, valued at $6,262,592.94. This represents a 2.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TMUS. JPMorgan Chase & Co. dropped their price target on T-Mobile US from $260.00 to $235.00 and set an “overweight” rating on the stock in a research note on Thursday, October 29th. Barclays cut their price target on T-Mobile US from $215.00 to $200.00 and set an “overweight” rating on the stock in a report on Tuesday, September 29th. TD Cowen reduced their price objective on T-Mobile US from $260.00 to $258.00 and set a “buy” rating for the company in a research note on Thursday, October 29th. KeyCorp decreased their price objective on T-Mobile US from $250.00 to $240.00 and set an “overweight” rating for the company in a report on Thursday, October 29th. Finally, UBS Group lowered their target price on T-Mobile US from $255.00 to $235.00 and set a “buy” rating on the stock in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $238.25.

T-Mobile US Stock Up 4.1%

Shares of NASDAQ TMUS opened at $168.71 on Tuesday. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.91 and a quick ratio of 0.78. The company has a 50-day moving average price of $164.71 and a 200-day moving average price of $186.11. The stock has a market capitalization of $178.71 billion, a P/E ratio of 16.28, a P/E/G ratio of 0.92 and a beta of 0.40. T-Mobile US, Inc. has a 1 year low of $143.75 and a 1 year high of $224.75.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Wednesday, October 28th. The Wireless communications provider reported $3.22 earnings per share for the quarter, topping analysts’ consensus estimates of $2.89 by $0.33. T-Mobile US had a net margin of 12.05% and a return on equity of 21.47%. The company had revenue of $23.58 billion for the quarter, compared to analyst estimates of $23.15 billion. During the same quarter in the prior year, the business posted $2.41 EPS. The firm’s revenue was up 7.4% compared to the same quarter last year. On average, equities research analysts forecast that T-Mobile US, Inc. will post 11.44 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 10th. Shareholders of record on Wednesday, November 25th will be issued a dividend of $1.17 per share. The ex-dividend date of this dividend is Wednesday, November 25th. This represents a $4.68 dividend on an annualized basis and a yield of 2.8%. This is an increase from T-Mobile US’s previous quarterly dividend of $1.02. T-Mobile US’s dividend payout ratio is presently 39.38%.

T-Mobile US Profile

T-Mobile US, Inc is a wireless communications provider serving consumers, businesses and government customers in the United States. Its services include wireless voice, messaging and data, as well as broadband internet delivered over its wireless network.

The company offers service under the T-Mobile and Metro by T-Mobile brands. Its products and services include mobile plans, smartphones and other connected devices, home internet, and solutions for business customers.

T-Mobile traces its roots to VoiceStream Wireless, which Deutsche Telekom acquired in 2001.