MQS Management LLC Sells 279 Shares of T-Mobile US, Inc. $TMUS

MQS Management LLC cut its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 16.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,450 shares of the Wireless communications provider’s stock after selling 279 shares during the quarter. MQS Management LLC’s holdings in T-Mobile US were worth $345,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Activest Wealth Management raised its holdings 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 purchasing an additional 94 shares in the last quarter. Missouri Trust & Investment Co raised its holdings 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 purchasing an additional 105 shares in the last quarter. Stone House Investment Management LLC bought a new position in T-Mobile US in the 1st quarter worth $29,000. TCTC Holdings LLC raised its holdings 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 purchasing an additional 77 shares in the last quarter. Finally, Tsfg LLC purchased a new stake in shares of T-Mobile US in the 1st quarter worth about $47,000. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Stock Performance

Shares of TMUS stock opened at $217.77 on Monday. T-Mobile US, Inc. has a one year low of $208.39 and a one year high of $276.49. The company’s 50-day moving average is $239.30 and its 200 day moving average is $240.52. The company has a market capitalization of $243.58 billion, a price-to-earnings ratio of 20.94, a price-to-earnings-growth ratio of 1.48 and a beta of 0.59. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.89.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 EPS for the quarter, beating the consensus estimate of $2.40 by $0.01. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The company had revenue of $21.96 billion for the quarter, compared to the consensus estimate of $21.61 billion. During the same period in the prior year, the firm posted $2.61 EPS. T-Mobile US’s revenue for the quarter was up 8.9% on a year-over-year basis. Sell-side analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be given a dividend of $1.02 per share. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $4.08 annualized dividend and a yield of 1.9%. T-Mobile US’s payout ratio is currently 33.85%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on TMUS shares. Royal Bank Of Canada reaffirmed a “buy” rating on shares of T-Mobile US in a research report on Friday. Hsbc Global Res raised shares of T-Mobile US from a “hold” rating to a “strong-buy” rating in a research report on Friday. Morgan Stanley reduced their target price on shares of T-Mobile US from $285.00 to $280.00 in a research report on Friday. Arete Research raised shares of T-Mobile US to a “strong-buy” rating in a research report on Tuesday, July 8th. Finally, Williams Trading set a $263.00 target price on shares of T-Mobile US in a research report on Friday. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, T-Mobile US currently has a consensus rating of “Moderate Buy” and an average price target of $268.22.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the company’s stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $250.87, for a total transaction of $17,520,760.80. Following the transaction, the director owned 636,271,724 shares in the company, valued at approximately $159,621,487,399.88. This represents a 0.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders have sold 2,319,837 shares of company stock worth $559,130,799. 0.37% of the stock is currently owned by corporate insiders.

T-Mobile US 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.