United Asset Strategies Inc. Sells 13,552 Shares of T-Mobile US, Inc. $TMUS

United Asset Strategies Inc. lowered its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 35.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,845 shares of the Wireless communications provider’s stock after selling 13,552 shares during the period. United Asset Strategies Inc.’s holdings in T-Mobile US were worth $5,920,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in TMUS. Activest Wealth Management raised 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 buying an additional 94 shares during the period. Missouri Trust & Investment Co lifted its stake in shares of T-Mobile US by 807.7% during the 2nd quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 105 shares in the last quarter. Stone House Investment Management LLC bought a new stake in T-Mobile US during the first quarter valued at about $29,000. Aspect Partners LLC lifted its position in shares of T-Mobile US by 112.1% in the second quarter. Aspect Partners LLC now owns 123 shares of the Wireless communications provider’s stock valued at $29,000 after acquiring an additional 65 shares in the last quarter. Finally, TCTC Holdings LLC boosted its stake in shares of T-Mobile US by 208.1% in the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider’s stock worth $30,000 after acquiring an additional 77 shares during the period. Institutional investors own 42.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on TMUS shares. Hsbc Global Res upgraded shares of T-Mobile US from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 24th. Morgan Stanley reduced their price target on shares of T-Mobile US from $285.00 to $280.00 and set an “overweight” rating on the stock in a research report on Friday, October 24th. Daiwa Capital Markets reduced their target price on shares of T-Mobile US from $240.00 to $230.00 and set a “neutral” rating on the stock in a report on Tuesday, October 28th. The Goldman Sachs Group initiated coverage on T-Mobile US in a research note on Tuesday, September 2nd. They set a “buy” rating and a $286.00 price objective on the stock. Finally, Raymond James Financial raised T-Mobile US to a “hold” rating in a research note on Wednesday, October 1st. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $266.83.

Insider Transactions at T-Mobile US

In related news, CEO Srini Gopalan purchased 9,800 shares of T-Mobile US stock in a transaction that occurred on Thursday, November 6th. The stock was bought at an average cost of $201.82 per share, for a total transaction of $1,977,836.00. Following the completion of the transaction, the chief executive officer owned 90,258 shares in the company, valued at $18,215,869.56. The trade was a 12.18% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Telekom Ag Deutsche sold 1,374 shares of the firm’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $220.46, for a total transaction of $302,912.04. Following the sale, the director directly owned 582,065,875 shares in the company, valued at $128,322,242,802.50. The trade was a 0.00% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 2,043,381 shares of company stock valued at $489,095,047. 0.37% of the stock is currently owned by company insiders.

T-Mobile US Stock Up 3.0%

Shares of T-Mobile US stock opened at $211.98 on Wednesday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.89 and a quick ratio of 0.80. The stock has a market cap of $237.10 billion, a price-to-earnings ratio of 20.38, a PEG ratio of 1.51 and a beta of 0.57. The firm’s 50-day moving average is $228.69 and its two-hundred day moving average is $236.35. T-Mobile US, Inc. has a 1 year low of $199.41 and a 1 year high of $276.49.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.40 by $0.01. The firm had revenue of $21.96 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 8.9% on a year-over-year basis. During the same period last year, the firm earned $2.61 earnings per share. As a group, 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 company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, November 26th. This is an increase from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s payout ratio is presently 39.23%.

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.