United Asset Strategies Inc. Cuts Stock Position in T-Mobile US, Inc. $TMUS

United Asset Strategies Inc. cut its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 1.8% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 38,397 shares of the Wireless communications provider’s stock after selling 690 shares during the period. United Asset Strategies Inc.’s holdings in T-Mobile US were worth $10,241,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in TMUS. Godsey & Gibb Inc. increased its holdings in shares of T-Mobile US by 139.5% in the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider’s stock valued at $27,000 after purchasing an additional 60 shares during the last quarter. Stone House Investment Management LLC purchased a new stake in shares of T-Mobile US in the first quarter valued at about $29,000. TCTC Holdings LLC increased its position in T-Mobile US by 208.1% during the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider’s stock worth $30,000 after purchasing an additional 77 shares during the last quarter. Adirondack Trust Co. raised its stake in T-Mobile US by 366.7% during the first quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider’s stock worth $37,000 after purchasing an additional 110 shares during the period. Finally, City Holding Co. boosted its holdings in T-Mobile US by 45.3% in the 1st quarter. City Holding Co. now owns 138 shares of the Wireless communications provider’s stock valued at $37,000 after purchasing an additional 43 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Activity at T-Mobile US

In other news, insider Michael J. Katz sold 2,500 shares of the business’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $251.12, for a total value of $627,800.00. Following the completion of the sale, the insider owned 158,703 shares of the company’s stock, valued at approximately $39,853,497.36. The trade was a 1.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO G Michael Sievert sold 22,500 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $255.58, for a total value of $5,750,550.00. Following the sale, the chief executive officer owned 358,722 shares in the company, valued at $91,682,168.76. The trade was a 5.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,139,050 shares of company stock valued at $504,895,827 over the last ninety days. Corporate insiders own 0.37% of the company’s stock.

T-Mobile US Stock Up 0.3%

Shares of NASDAQ TMUS opened at $259.01 on Thursday. The firm’s 50-day moving average is $236.91 and its two-hundred day moving average is $247.73. T-Mobile US, Inc. has a 12-month low of $192.61 and a 12-month high of $276.49. The company has a market capitalization of $291.50 billion, a PE ratio of 24.43, a price-to-earnings-growth ratio of 1.41 and a beta of 0.62. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.13.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.69 by $0.15. The firm had revenue of $21.13 billion during the quarter, compared to the consensus estimate of $20.99 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. T-Mobile US’s revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.49 earnings per share. Equities analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, August 29th. T-Mobile US’s payout ratio is 33.21%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Tigress Financial raised their price target on shares of T-Mobile US from $290.00 to $305.00 and gave the stock a “buy” rating in a report on Tuesday, April 29th. KeyCorp reaffirmed an “underweight” rating and set a $200.00 target price on shares of T-Mobile US in a research note on Wednesday, July 9th. Morgan Stanley boosted their price objective on T-Mobile US from $265.00 to $285.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. Wall Street Zen cut T-Mobile US from a “buy” rating to a “hold” rating in a research note on Saturday, May 24th. Finally, Arete Research upgraded shares of T-Mobile US to a “strong-buy” rating in a report on Tuesday, July 8th. Three research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $256.31.

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.