Ashton Thomas Private Wealth LLC Sells 1,675 Shares of T-Mobile US, Inc. $TMUS

Ashton Thomas Private Wealth LLC decreased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 40.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,434 shares of the Wireless communications provider’s stock after selling 1,675 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in T-Mobile US were worth $580,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC boosted its holdings in T-Mobile US by 68.3% in the 1st quarter. Golden State Wealth Management LLC now owns 345 shares of the Wireless communications provider’s stock worth $92,000 after buying an additional 140 shares during the period. Ameritas Advisory Services LLC bought a new stake in T-Mobile US during the first quarter valued at about $249,000. Clear Creek Financial Management LLC purchased a new position in shares of T-Mobile US in the first quarter valued at about $256,000. DAVENPORT & Co LLC boosted its stake in shares of T-Mobile US by 42.7% in the first quarter. DAVENPORT & Co LLC now owns 52,298 shares of the Wireless communications provider’s stock worth $13,948,000 after acquiring an additional 15,652 shares during the period. Finally, Aaron Wealth Advisors LLC boosted its stake in shares of T-Mobile US by 11.3% in the first quarter. Aaron Wealth Advisors LLC now owns 2,485 shares of the Wireless communications provider’s stock worth $663,000 after acquiring an additional 253 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TMUS. Redburn Atlantic raised T-Mobile US from a “strong sell” rating to a “hold” rating and set a $228.00 price target on the stock in a report on Monday, July 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of T-Mobile US in a research report on Wednesday, October 8th. Cowen reissued a “buy” rating on shares of T-Mobile US in a report on Friday, October 24th. Wells Fargo & Company raised shares of T-Mobile US from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $250.00 to $260.00 in a research note on Thursday, October 16th. Finally, Raymond James Financial upgraded shares of T-Mobile US to a “hold” rating in a report on Wednesday, October 1st. Three research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, T-Mobile US presently has an average rating of “Moderate Buy” and an average price target of $266.63.

T-Mobile US Trading Down 2.0%

TMUS stock opened at $210.65 on Friday. The firm has a fifty day moving average price of $236.02 and a 200 day moving average price of $239.52. T-Mobile US, Inc. has a fifty-two week low of $208.39 and a fifty-two week high of $276.49. The firm has a market cap of $235.61 billion, a PE ratio of 20.25, a price-to-earnings-growth ratio of 1.51 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 released 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 business had revenue of $21.96 billion during the quarter, compared to analyst estimates of $21.61 billion. During the same quarter last year, the business earned $2.61 earnings per share. T-Mobile US’s quarterly revenue was up 8.9% compared to the same quarter last year. Sell-side analysts anticipate 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 declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be given a $1.02 dividend. This is an increase from T-Mobile US’s previous quarterly dividend of $0.88. This represents a $4.08 annualized dividend and a yield of 1.9%. The ex-dividend date is Wednesday, November 26th. T-Mobile US’s dividend payout ratio (DPR) is 39.23%.

Insiders Place Their Bets

In other T-Mobile US news, Director Telekom Ag Deutsche sold 53,507 shares of the company’s stock in a transaction that occurred on Tuesday, October 28th. The stock was sold at an average price of $220.77, for a total transaction of $11,812,740.39. Following the sale, the director directly owned 582,067,249 shares in the company, valued at $128,502,986,561.73. This represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders sold 2,321,367 shares of company stock worth $556,657,060 over the last quarter. Insiders own 0.37% of the company’s stock.

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.