Wealthfront Advisers LLC Sells 920 Shares of T-Mobile US, Inc. $TMUS

Wealthfront Advisers LLC decreased its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 1.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 59,306 shares of the Wireless communications provider’s stock after selling 920 shares during the period. Wealthfront Advisers LLC’s holdings in T-Mobile US were worth $14,130,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of TMUS. Activest Wealth Management grew its stake in shares of T-Mobile US by 9,400.0% in the first quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 94 shares during the last quarter. Missouri Trust & Investment Co boosted its position in T-Mobile US by 807.7% during the second quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 105 shares during the last quarter. Stone House Investment Management LLC bought a new stake in T-Mobile US during the first quarter valued at $29,000. TCTC Holdings LLC boosted 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 valued at $30,000 after acquiring an additional 77 shares during the last quarter. Finally, Tsfg LLC bought a new stake in T-Mobile US during the first quarter valued at $47,000. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Trading Down 1.0%

NASDAQ:TMUS opened at $217.77 on Monday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.89. The firm has a market cap 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. T-Mobile US, Inc. has a 52 week low of $208.39 and a 52 week high of $276.49. The firm has a 50-day moving average price of $239.30 and a two-hundred day moving average price of $240.52.

T-Mobile US (NASDAQ:TMUS) last posted 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. The firm had revenue of $21.96 billion during the quarter, compared to analyst estimates of $21.61 billion. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter last year, the business posted $2.61 EPS. On average, equities 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 firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be issued a $1.02 dividend. This is a boost 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 33.85%.

Insider Buying and Selling

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the firm’s stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $250.87, for a total value of $17,520,760.80. Following the completion of the transaction, the director directly owned 636,271,724 shares of the company’s stock, valued at approximately $159,621,487,399.88. This trade represents a 0.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 2,319,837 shares of company stock valued at $559,130,799. 0.37% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on TMUS shares. Arete Research raised shares of T-Mobile US to a “strong-buy” rating in a research report on Tuesday, July 8th. Wells Fargo & Company raised shares of T-Mobile US from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $250.00 to $260.00 in a research report on Thursday, October 16th. Redburn Atlantic raised shares of T-Mobile US from a “strong sell” rating to a “hold” rating and set a $228.00 price objective on the stock in a research report on Monday, July 7th. Bank of America initiated coverage on shares of T-Mobile US in a research report on Monday, July 7th. They set a “neutral” rating and a $255.00 price objective on the stock. Finally, Rothschild Redb raised shares of T-Mobile US to a “hold” rating in a research report on Tuesday, September 30th. Three investment 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 given a Sell rating to the stock. According to data from MarketBeat, T-Mobile US presently has a consensus rating of “Moderate Buy” and an average price target of $268.22.

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.