Sterling Investment Counsel LLC Sells 190 Shares of T-Mobile US, Inc. $TMUS

Sterling Investment Counsel LLC decreased its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 12.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,282 shares of the Wireless communications provider’s stock after selling 190 shares during the period. Sterling Investment Counsel LLC’s holdings in T-Mobile US were worth $305,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Hilltop National Bank bought a new position in T-Mobile US in the second quarter valued at about $2,212,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in T-Mobile US by 6.1% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 431,193 shares of the Wireless communications provider’s stock valued at $102,736,000 after acquiring an additional 24,905 shares during the last quarter. Lecap Asset Management Ltd. boosted its holdings in T-Mobile US by 327.5% in the second quarter. Lecap Asset Management Ltd. now owns 12,342 shares of the Wireless communications provider’s stock valued at $2,941,000 after acquiring an additional 9,455 shares during the last quarter. ASR Vermogensbeheer N.V. boosted its holdings in T-Mobile US by 5.8% in the second quarter. ASR Vermogensbeheer N.V. now owns 147,246 shares of the Wireless communications provider’s stock valued at $35,083,000 after acquiring an additional 8,135 shares during the last quarter. Finally, Vicus Capital bought a new position in T-Mobile US in the second quarter valued at about $290,000. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Price Performance

Shares of TMUS opened at $230.14 on Friday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. The stock has a 50 day simple moving average of $244.83 and a 200 day simple moving average of $244.31. T-Mobile US, Inc. has a 52-week low of $206.18 and a 52-week high of $276.49. The firm has a market capitalization of $259.00 billion, a PE ratio of 21.71, a P/E/G ratio of 1.28 and a beta of 0.59.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.69 by $0.15. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The business had revenue of $21.13 billion during the quarter, compared to analyst estimates of $20.99 billion. During the same period in the previous year, the firm earned $2.49 EPS. T-Mobile US’s quarterly revenue was up 6.9% compared to the same quarter last year. Sell-side analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be given a $1.02 dividend. The ex-dividend date is Wednesday, November 26th. This represents a $4.08 annualized dividend and a dividend yield of 1.8%. This is a boost from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s payout ratio is presently 33.21%.

Insider Activity

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the business’s stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $238.08, for a total value of $16,627,507.20. Following the completion of the transaction, the director directly owned 647,660,844 shares in the company, valued at approximately $154,195,093,739.52. The trade was a 0.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders sold 2,584,633 shares of company stock valued at $623,559,263. 0.37% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TMUS. KeyCorp reiterated an “underweight” rating and issued a $200.00 price target on shares of T-Mobile US in a report on Wednesday, July 9th. JPMorgan Chase & Co. raised their target price on T-Mobile US from $280.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday. The Goldman Sachs Group initiated coverage on T-Mobile US in a report on Tuesday, September 2nd. They set a “buy” rating and a $286.00 target price on the stock. Arete Research upgraded T-Mobile US to a “strong-buy” rating in a report on Tuesday, July 8th. Finally, Bank of America initiated coverage on T-Mobile US in a report on Monday, July 7th. They set a “neutral” rating and a $255.00 target price on the stock. Three research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, T-Mobile US currently has an average rating of “Moderate Buy” and a consensus price target of $262.50.

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.