Rockefeller Capital Management L.P. Sells 36,726 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Rockefeller Capital Management L.P. cut its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 32.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 74,988 shares of the Wireless communications provider’s stock after selling 36,726 shares during the period. Rockefeller Capital Management L.P.’s holdings in T-Mobile US were worth $15,463,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. DT Investment Partners LLC increased its stake in shares of T-Mobile US by 65.3% in the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 47 shares during the period. MFA Wealth Advisors LLC increased its stake in shares of T-Mobile US by 128.3% in the third quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 77 shares during the period. WASHINGTON TRUST Co increased its stake in shares of T-Mobile US by 143.1% in the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 83 shares during the period. Y.D. More Investments Ltd bought a new position in T-Mobile US during the second quarter valued at about $27,000. Finally, Summit Securities Group LLC bought a new position in T-Mobile US during the second quarter valued at about $27,000. 42.49% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on TMUS shares. UBS Group boosted their price target on T-Mobile US from $210.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Royal Bank of Canada boosted their price target on T-Mobile US from $232.00 to $255.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. KeyCorp boosted their price target on T-Mobile US from $230.00 to $252.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Citigroup boosted their price target on T-Mobile US from $210.00 to $254.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Finally, Evercore ISI boosted their price target on T-Mobile US from $220.00 to $240.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Three equities 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. According to data from MarketBeat.com, T-Mobile US has a consensus rating of “Moderate Buy” and a consensus target price of $241.83.

Insiders Place Their Bets

In other T-Mobile US news, insider Michael J. Katz sold 3,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $205.30, for a total transaction of $615,900.00. Following the transaction, the insider now owns 119,687 shares of the company’s stock, valued at approximately $24,571,741.10. This represents a 2.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Raul Marcelo Claure sold 1,572 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $196.00, for a total transaction of $308,112.00. Following the sale, the director now owns 1,824,632 shares of the company’s stock, valued at $357,627,872. The trade was a 0.09 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 340,750 shares of company stock valued at $72,863,634. 0.67% of the stock is currently owned by corporate insiders.

T-Mobile US Stock Up 0.3 %

Shares of TMUS opened at $246.94 on Monday. The company has a market capitalization of $286.57 billion, a P/E ratio of 28.16, a PEG ratio of 1.26 and a beta of 0.50. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99. T-Mobile US, Inc. has a one year low of $148.19 and a one year high of $248.15. The business’s 50 day simple moving average is $223.98 and its 200-day simple moving average is $198.25.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, topping the consensus estimate of $2.32 by $0.29. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The business had revenue of $20.16 billion for the quarter, compared to the consensus estimate of $20.01 billion. During the same period in the previous year, the business earned $1.82 EPS. T-Mobile US’s revenue was up 4.7% compared to the same quarter last year. As a group, sell-side analysts predict that T-Mobile US, Inc. will post 9.38 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend is Friday, February 28th. T-Mobile US’s dividend payout ratio is 40.14%.

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.