T-Mobile US, Inc. (NASDAQ:TMUS) Holdings Reduced by SPC Financial Inc.

SPC Financial Inc. cut its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 3.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 16,995 shares of the Wireless communications provider’s stock after selling 609 shares during the period. SPC Financial Inc.’s holdings in T-Mobile US were worth $3,507,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TMUS. Transform Wealth LLC raised its stake in shares of T-Mobile US by 41.9% during the third quarter. Transform Wealth LLC now owns 46,288 shares of the Wireless communications provider’s stock valued at $9,552,000 after purchasing an additional 13,677 shares in the last quarter. Vontobel Holding Ltd. lifted its stake in shares of 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 worth $19,872,000 after acquiring an additional 12,724 shares during the period. Sumitomo Life Insurance Co. boosted its holdings in shares of T-Mobile US by 2.5% in the third quarter. Sumitomo Life Insurance Co. now owns 8,228 shares of the Wireless communications provider’s stock valued at $1,698,000 after acquiring an additional 202 shares in the last quarter. SeaCrest Wealth Management LLC bought a new stake in T-Mobile US during the third quarter worth approximately $243,000. Finally, Kapitalo Investimentos Ltda lifted its position in T-Mobile US by 103.2% in the third quarter. Kapitalo Investimentos Ltda now owns 3,639 shares of the Wireless communications provider’s stock worth $751,000 after purchasing an additional 1,848 shares during the period. 42.49% of the stock is owned by institutional investors.

Insider Transactions at T-Mobile US

In related news, insider Jon Freier sold 10,000 shares of T-Mobile US stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $181.87, for a total value of $1,818,700.00. Following the completion of the sale, the insider now owns 162,628 shares of the company’s stock, valued at approximately $29,577,154.36. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other T-Mobile US news, insider Jon Freier sold 10,000 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $181.87, for a total value of $1,818,700.00. Following the completion of the sale, the insider now owns 162,628 shares of the company’s stock, valued at $29,577,154.36. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Deeanne King sold 15,437 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $190.00, for a total value of $2,933,030.00. Following the completion of the sale, the executive vice president now owns 35,588 shares of the company’s stock, valued at approximately $6,761,720. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 306,492 shares of company stock worth $60,161,906 in the last 90 days. 0.67% of the stock is owned by insiders.

T-Mobile US Stock Up 1.3 %

TMUS stock opened at $219.76 on Thursday. The company has a 50 day moving average of $202.08 and a two-hundred day moving average of $182.36. The company has a market cap of $257.53 billion, a price-to-earnings ratio of 29.90, a PEG ratio of 1.12 and a beta of 0.51. T-Mobile US, Inc. has a 12-month low of $136.85 and a 12-month high of $220.69. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.22.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.22. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The business had revenue of $19.77 billion during the quarter, compared to analyst estimates of $19.61 billion. During the same period last year, the company earned $1.86 earnings per share. T-Mobile US’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, equities analysts anticipate that T-Mobile US, Inc. will post 9.14 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.60%. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. The ex-dividend date is Wednesday, November 27th. T-Mobile US’s payout ratio is currently 47.89%.

Analyst Ratings Changes

TMUS has been the topic of several research analyst reports. Sanford C. Bernstein upgraded T-Mobile US to a “strong-buy” rating in a research report on Wednesday, July 31st. Barclays lifted their target price on T-Mobile US from $180.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Raymond James downgraded shares of T-Mobile US from a “strong-buy” rating to an “outperform” rating and upped their price target for the company from $208.00 to $221.00 in a report on Wednesday, October 2nd. StockNews.com raised shares of T-Mobile US from a “hold” rating to a “buy” rating in a research note on Tuesday, July 30th. Finally, KeyCorp boosted their target price on shares of T-Mobile US from $190.00 to $230.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Nineteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $216.36.

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.