HighTower Advisors LLC Trims Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

HighTower Advisors LLC lowered its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 2.8% in the third quarter, HoldingsChannel reports. The firm owned 723,389 shares of the Wireless communications provider’s stock after selling 20,637 shares during the period. HighTower Advisors LLC’s holdings in T-Mobile US were worth $148,511,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC lifted its holdings in T-Mobile US by 13.4% during the 3rd quarter. FMR LLC now owns 12,893,770 shares of the Wireless communications provider’s stock worth $2,660,758,000 after buying an additional 1,522,394 shares during the last quarter. Legal & General Group Plc raised its position in shares of T-Mobile US by 6.8% during the 2nd quarter. Legal & General Group Plc now owns 4,751,007 shares of the Wireless communications provider’s stock worth $837,032,000 after purchasing an additional 303,582 shares during the period. Integrated Investment Consultants LLC acquired a new stake in shares of T-Mobile US during the 3rd quarter worth approximately $53,844,000. International Assets Investment Management LLC raised its position in shares of T-Mobile US by 21,580.9% during the 3rd quarter. International Assets Investment Management LLC now owns 249,981 shares of the Wireless communications provider’s stock worth $51,586,000 after purchasing an additional 248,828 shares during the period. Finally, Distillate Capital Partners LLC acquired a new stake in shares of T-Mobile US during the 2nd quarter worth approximately $41,860,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Performance

TMUS opened at $244.82 on Tuesday. The firm has a market cap of $284.11 billion, a PE ratio of 27.92, a P/E/G ratio of 1.26 and a beta of 0.53. 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 business has a fifty day simple moving average of $223.98 and a 200-day simple moving average of $198.25. T-Mobile US, Inc. has a fifty-two week low of $151.38 and a fifty-two week high of $248.15.

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

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be given a $0.88 dividend. The ex-dividend date is Friday, February 28th. This represents a $3.52 annualized dividend and a dividend yield of 1.44%. T-Mobile US’s dividend payout ratio (DPR) is presently 40.14%.

Insider Transactions at T-Mobile US

In related news, Director Raul Marcelo Claure sold 1,572 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $196.00, for a total transaction of $308,112.00. Following the completion of the sale, the director now directly owns 1,824,632 shares in the company, valued at approximately $357,627,872. This trade represents a 0.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael J. Katz sold 3,000 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $205.30, for a total value of $615,900.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 342,750 shares of company stock valued at $73,356,824 over the last quarter. Company insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on TMUS shares. Evercore ISI increased their price target on T-Mobile US from $220.00 to $240.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Citigroup increased their price target on T-Mobile US from $210.00 to $254.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Bank of America raised their target price on T-Mobile US from $220.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Wells Fargo & Company raised their target price on T-Mobile US from $230.00 to $240.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. raised their target price on T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, T-Mobile US has an average rating of “Moderate Buy” and an average price target of $244.33.

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.