Chicago Partners Investment Group LLC Sells 4,032 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Chicago Partners Investment Group LLC lowered its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 53.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,483 shares of the Wireless communications provider’s stock after selling 4,032 shares during the period. Chicago Partners Investment Group LLC’s holdings in T-Mobile US were worth $770,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. DT Investment Partners LLC increased its position in shares of T-Mobile US by 65.3% during the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 47 shares during the period. MFA Wealth Advisors LLC grew its holdings in shares of T-Mobile US by 128.3% during the 3rd quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 77 shares during the period. WASHINGTON TRUST Co raised its position in shares of T-Mobile US by 143.1% in the 2nd quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 83 shares in the last quarter. Y.D. More Investments Ltd purchased a new position in shares of T-Mobile US in the 2nd quarter valued at approximately $27,000. Finally, Summit Securities Group LLC bought a new stake in shares of T-Mobile US during the second quarter valued at approximately $27,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Stock Performance

Shares of TMUS stock opened at $223.28 on Monday. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. The company has a 50 day moving average price of $208.90 and a 200-day moving average price of $187.85. T-Mobile US, Inc. has a 52 week low of $143.90 and a 52 week high of $234.56. The firm has a market capitalization of $259.11 billion, a PE ratio of 25.46, a P/E/G ratio of 1.14 and a beta of 0.50.

T-Mobile US (NASDAQ:TMUS) last posted 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. The business had revenue of $20.16 billion during the quarter, compared to the consensus estimate of $20.01 billion. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.82 EPS. As a group, equities research analysts expect that T-Mobile US, Inc. will post 9.36 earnings per share for the current year.

T-Mobile US Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be issued a $0.88 dividend. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. The ex-dividend date is Wednesday, November 27th. This represents a $3.52 dividend on an annualized basis and a yield of 1.58%. T-Mobile US’s dividend payout ratio is currently 29.65%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on TMUS shares. Bank of America increased their price objective on T-Mobile US from $220.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. BNP Paribas raised shares of T-Mobile US to a “strong-buy” rating in a research report on Friday, October 25th. Citigroup upped their price objective on shares of T-Mobile US from $210.00 to $254.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Morgan Stanley lifted their target price on shares of T-Mobile US from $209.00 to $239.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Finally, Evercore ISI upped their price target on 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 research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, T-Mobile US currently has a consensus rating of “Moderate Buy” and an average price target of $241.83.

Insiders Place Their Bets

In other news, EVP Deeanne King sold 15,437 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $190.00, for a total value of $2,933,030.00. Following the transaction, the executive vice president now owns 35,588 shares in the company, valued at $6,761,720. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, EVP Deeanne King sold 15,437 shares of T-Mobile US stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $190.00, for a total transaction of $2,933,030.00. Following the transaction, the executive vice president now directly owns 35,588 shares in the company, valued at approximately $6,761,720. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO G Michael Sievert sold 20,000 shares of the company’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $194.57, for a total value of $3,891,400.00. Following the completion of the sale, the chief executive officer now owns 418,124 shares of the company’s stock, valued at approximately $81,354,386.68. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 359,261 shares of company stock valued at $72,263,430. Insiders own 0.67% of the company’s stock.

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.