Thoroughbred Financial Services LLC Trims Stock Holdings in T-Mobile US, Inc. $TMUS

Thoroughbred Financial Services LLC decreased its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 3.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,627 shares of the Wireless communications provider’s stock after selling 237 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in T-Mobile US were worth $1,579,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Activest Wealth Management boosted its stake in shares of T-Mobile US by 9,400.0% during 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 raised its stake in 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 acquiring an additional 105 shares during the last quarter. Stone House Investment Management LLC purchased a new stake in T-Mobile US during the 1st quarter valued at approximately $29,000. Aspect Partners LLC lifted its position in T-Mobile US by 112.1% during the 2nd quarter. Aspect Partners LLC now owns 123 shares of the Wireless communications provider’s stock worth $29,000 after acquiring an additional 65 shares during the period. Finally, TCTC Holdings LLC grew its stake in shares of T-Mobile US by 208.1% in the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider’s stock valued at $30,000 after purchasing an additional 77 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Stock Up 0.7%

TMUS stock opened at $216.08 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37. The company’s 50-day moving average price is $226.40 and its 200 day moving average price is $235.85. T-Mobile US, Inc. has a 52 week low of $199.41 and a 52 week high of $276.49. The company has a market cap of $241.69 billion, a P/E ratio of 20.78, a P/E/G ratio of 1.51 and a beta of 0.57.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results 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 company had revenue of $21.96 billion during 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 revenue for the quarter was up 8.9% on a year-over-year basis. During the same period last year, the firm earned $2.61 EPS. On average, 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 announced a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 1.9%. 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. T-Mobile US’s dividend payout ratio is currently 39.23%.

Wall Street Analysts Forecast Growth

TMUS has been the subject of several recent research reports. Royal Bank Of Canada reaffirmed a “buy” rating on shares of T-Mobile US in a report on Friday, October 24th. Tigress Financial lifted their target price on shares of T-Mobile US from $305.00 to $310.00 and gave the company a “buy” rating in a report on Tuesday, November 11th. Deutsche Bank Aktiengesellschaft increased their price target on shares of T-Mobile US from $280.00 to $300.00 in a report on Thursday, October 2nd. Zacks Research lowered T-Mobile US from a “hold” rating to a “strong sell” rating in a report on Monday, October 27th. Finally, Cowen reissued a “buy” rating on shares of T-Mobile US in a research note on Friday, October 24th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, T-Mobile US presently has an average rating of “Moderate Buy” and a consensus price target of $266.83.

Insider Buying and Selling at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the business’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $240.08, for a total value of $16,767,187.20. Following the sale, the director directly owned 635,014,604 shares in the company, valued at $152,454,306,128.32. The trade was a 0.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 1,971,041 shares of company stock valued at $470,946,486 in the last three months. Company 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.