Wealthspire Advisors LLC Reduces Holdings in T-Mobile US, Inc. $TMUS

Wealthspire Advisors LLC reduced its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 3.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,596 shares of the Wireless communications provider’s stock after selling 792 shares during the quarter. Wealthspire Advisors LLC’s holdings in T-Mobile US were worth $4,907,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Activest Wealth Management increased its position 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 purchasing an additional 94 shares in the last quarter. Stone House Investment Management LLC purchased a new position in shares of T-Mobile US during the first quarter worth approximately $29,000. TCTC Holdings LLC grew its position in shares of T-Mobile US by 208.1% during 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 last quarter. Missouri Trust & Investment Co increased its holdings in shares of 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 valued at $28,000 after acquiring an additional 105 shares during the period. Finally, Aspect Partners LLC raised its position in T-Mobile US by 112.1% in the 2nd quarter. Aspect Partners LLC now owns 123 shares of the Wireless communications provider’s stock valued at $29,000 after purchasing an additional 65 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Buying and Selling at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 1,374 shares of the business’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $220.46, for a total transaction of $302,912.04. Following the sale, the director owned 582,065,875 shares of the company’s stock, valued at approximately $128,322,242,802.50. The trade was a 0.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Srini Gopalan bought 9,800 shares of the stock in a transaction on Thursday, November 6th. The shares were bought at an average price of $201.82 per share, for a total transaction of $1,977,836.00. Following the completion of the transaction, the chief executive officer directly owned 90,258 shares of the company’s stock, valued at $18,215,869.56. This trade represents a 12.18% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold a total of 1,808,861 shares of company stock worth $429,205,289 over the last 90 days. Insiders own 0.37% of the company’s stock.

T-Mobile US Price Performance

Shares of TMUS opened at $213.08 on Wednesday. T-Mobile US, Inc. has a twelve month low of $199.41 and a twelve month high of $276.49. The stock’s 50 day moving average is $225.27 and its two-hundred day moving average is $235.30. The firm has a market capitalization of $238.33 billion, a PE ratio of 20.49, a P/E/G ratio of 1.51 and a beta of 0.57. The company has a current ratio of 0.89, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.40 by $0.01. The business had revenue of $21.96 billion during the quarter, compared to the consensus estimate of $21.61 billion. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The company’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the prior year, the business posted $2.61 EPS. Research analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Increases Dividend

The firm 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 dividend on an annualized basis and a yield of 1.9%. This is an increase 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 39.23%.

Analyst Ratings Changes

Several research analysts have issued reports on TMUS shares. Cowen reissued a “buy” rating on shares of T-Mobile US in a research report on Friday, October 24th. HSBC raised T-Mobile US from a “hold” rating to a “buy” rating and set a $285.00 price target on the stock in a report on Friday, October 24th. Hsbc Global Res raised T-Mobile US from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of T-Mobile US in a research note on Wednesday, October 8th. Finally, Zacks Research lowered T-Mobile US from a “hold” rating to a “strong sell” rating in a report on Monday, October 27th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $266.83.

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.