T-Mobile US, Inc. $TMUS Shares Sold by WestEnd Advisors LLC

WestEnd Advisors LLC reduced its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 21.2% in the 2nd quarter, Holdings Channel reports. The firm owned 151,807 shares of the Wireless communications provider’s stock after selling 40,775 shares during the quarter. WestEnd Advisors LLC’s holdings in T-Mobile US were worth $36,170,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in TMUS. Activest Wealth Management raised its stake in T-Mobile US by 9,400.0% in the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 94 shares during the last quarter. Missouri Trust & Investment Co increased its stake in shares of T-Mobile US by 807.7% in the 2nd quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 105 shares during the last quarter. Stone House Investment Management LLC acquired a new stake in shares of T-Mobile US in the 1st quarter worth $29,000. TCTC Holdings LLC increased its stake in shares of T-Mobile US by 208.1% in the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider’s stock worth $30,000 after acquiring an additional 77 shares during the last quarter. Finally, City Holding Co. increased its stake in shares of T-Mobile US by 45.3% in the 1st quarter. City Holding Co. now owns 138 shares of the Wireless communications provider’s stock worth $37,000 after acquiring an additional 43 shares during the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TMUS. Arete Research raised T-Mobile US to a “strong-buy” rating in a research note on Tuesday, July 8th. The Goldman Sachs Group began coverage on T-Mobile US in a research note on Tuesday, September 2nd. They issued a “buy” rating and a $286.00 target price for the company. Scotiabank raised their target price on T-Mobile US from $271.50 to $278.00 and gave the stock a “sector outperform” rating in a research note on Monday. Bank of America assumed coverage on T-Mobile US in a research report on Monday, July 7th. They set a “neutral” rating and a $255.00 price objective for the company. Finally, Moffett Nathanson raised their price objective on T-Mobile US from $210.00 to $230.00 and gave the stock a “neutral” rating in a research report on Thursday, October 2nd. Three analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $264.29.

Insider Activity

In other news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $238.61, for a total value of $16,664,522.40. Following the completion of the transaction, the director owned 646,613,244 shares in the company, valued at approximately $154,288,386,150.84. This trade represents a 0.01% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders sold 2,509,379 shares of company stock valued at $605,554,413. Company insiders own 0.37% of the company’s stock.

T-Mobile US Stock Performance

Shares of TMUS opened at $227.68 on Wednesday. The stock has a 50-day simple moving average of $244.07 and a 200-day simple moving average of $243.57. 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 market capitalization of $256.24 billion, a PE ratio of 21.48, a PEG ratio of 1.44 and a beta of 0.59. T-Mobile US, Inc. has a 1 year low of $208.39 and a 1 year high of $276.49.

T-Mobile US (NASDAQ:TMUS) last announced 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. The business had revenue of $21.13 billion during the quarter, compared to analysts’ expectations of $20.99 billion. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the business posted $2.49 EPS. On average, analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share 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 11th. Stockholders of record on Wednesday, November 26th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Wednesday, November 26th. This is a boost from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s dividend payout ratio (DPR) is 33.21%.

T-Mobile US Company 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.