T-Mobile US, Inc. $TMUS Stake Cut by Forza Wealth Management LLC

Forza Wealth Management LLC reduced its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 20.8% in the 2nd quarter, Holdings Channel reports. The fund owned 1,144 shares of the Wireless communications provider’s stock after selling 300 shares during the period. Forza Wealth Management LLC’s holdings in T-Mobile US were worth $273,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Activest Wealth Management lifted its stake in T-Mobile US by 9,400.0% in the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 94 shares in the last quarter. Godsey & Gibb Inc. lifted its stake in T-Mobile US by 139.5% in the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider’s stock worth $27,000 after acquiring an additional 60 shares in the last quarter. Missouri Trust & Investment Co lifted its stake in T-Mobile US by 807.7% in the 2nd quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 105 shares in the last quarter. Stone House Investment Management LLC purchased a new stake in T-Mobile US in the 1st quarter worth about $29,000. Finally, TCTC Holdings LLC lifted its stake in T-Mobile US by 208.1% in the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider’s stock worth $30,000 after acquiring an additional 77 shares in the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on TMUS shares. Rothschild & Co Redburn raised T-Mobile US from a “sell” rating to a “neutral” rating and set a $228.00 target price on the stock in a research report on Monday, July 7th. JPMorgan Chase & Co. upped their target price on T-Mobile US from $280.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday. Royal Bank Of Canada upped their target price on T-Mobile US from $265.00 to $270.00 and gave the stock a “sector perform” rating in a research report on Friday, July 25th. Wolfe Research dropped their target price on T-Mobile US from $300.00 to $290.00 and set an “outperform” rating on the stock in a research report on Tuesday. Finally, KeyCorp reaffirmed an “underweight” rating and issued a $200.00 target price on shares of T-Mobile US in a research report on Wednesday, July 9th. Three analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $260.39.

T-Mobile US Stock Performance

Shares of NASDAQ TMUS opened at $239.38 on Wednesday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. The firm has a market cap of $269.40 billion, a price-to-earnings ratio of 22.58, a P/E/G ratio of 1.30 and a beta of 0.61. The business’s 50-day simple moving average is $245.19 and its 200-day simple moving average is $244.59. T-Mobile US, Inc. has a 52 week low of $202.77 and a 52 week high of $276.49.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, beating analysts’ consensus estimates of $2.69 by $0.15. The business had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.99 billion. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.49 EPS. As a group, equities research analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.7%. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s payout ratio is currently 38.49%.

Insider Activity at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $238.08, for a total transaction of $16,627,507.20. Following the transaction, the director owned 647,660,844 shares of the company’s stock, valued at approximately $154,195,093,739.52. This represents a 0.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last quarter, insiders sold 2,520,207 shares of company stock worth $608,126,659. Corporate insiders own 0.37% 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.