3,705 T-Mobile US, Inc. $TMUS Shares Sold by Weaver Capital Management LLC

Weaver Capital Management LLC decreased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 39.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,661 shares of the Wireless communications provider’s stock after selling 3,705 shares during the period. Weaver Capital Management LLC’s holdings in T-Mobile US were worth $923,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. WealthPLAN Partners LLC grew its holdings in T-Mobile US by 30.0% during the third quarter. WealthPLAN Partners LLC now owns 3,117 shares of the Wireless communications provider’s stock valued at $508,000 after purchasing an additional 720 shares during the period. Ninety One UK Ltd purchased a new stake in T-Mobile US in the third quarter worth about $509,000. PFG Private Wealth Management LLC increased its position in T-Mobile US by 22.3% in the third quarter. PFG Private Wealth Management LLC now owns 2,903 shares of the Wireless communications provider’s stock worth $473,000 after buying an additional 530 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of T-Mobile US by 0.3% in the third quarter. State of Alaska Department of Revenue now owns 45,724 shares of the Wireless communications provider’s stock worth $7,456,000 after buying an additional 128 shares during the period. Finally, Turtle Creek Wealth Advisors LLC raised its stake in shares of T-Mobile US by 17.2% in the third quarter. Turtle Creek Wealth Advisors LLC now owns 2,305 shares of the Wireless communications provider’s stock worth $376,000 after buying an additional 339 shares during the period. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on TMUS shares. Morgan Stanley lowered their price objective on T-Mobile US from $260.00 to $230.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 7th. Wells Fargo & Company cut their price objective on T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating for the company in a research note on Friday, July 24th. Bank of America raised shares of T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 target price for the company in a report on Monday, July 6th. TD Cowen reduced their target price on shares of T-Mobile US from $261.00 to $260.00 and set a “buy” rating for the company in a report on Friday, July 24th. Finally, JPMorgan Chase & Co. decreased their target price on shares of T-Mobile US from $275.00 to $260.00 and set an “overweight” rating on the stock in a research note on Monday, September 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $244.65.

Insider Activity at T-Mobile US

In other news, CAO Daniel James Drobac sold 772 shares of the company’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $178.33, for a total value of $137,670.76. Following the completion of the transaction, the chief accounting officer owned 35,118 shares of the company’s stock, valued at $6,262,592.94. This represents a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.32% of the stock is owned by insiders.

T-Mobile US Stock Down 0.5%

TMUS opened at $157.03 on Friday. The stock has a market cap of $168.44 billion, a price-to-earnings ratio of 16.44, a price-to-earnings-growth ratio of 0.99 and a beta of 0.33. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.83 and a current ratio of 0.92. The firm’s fifty day moving average is $173.28 and its 200 day moving average is $182.58. T-Mobile US, Inc. has a fifty-two week low of $147.90 and a fifty-two week high of $230.54.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.59 by $0.40. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%. The business had revenue of $22.79 billion during the quarter, compared to analyst estimates of $22.95 billion. During the same quarter in the prior year, the business posted $2.84 EPS. T-Mobile US’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, sell-side analysts forecast that T-Mobile US, Inc. will post 11.09 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 10th. Stockholders of record on Wednesday, November 25th will be given a $1.17 dividend. The ex-dividend date is Wednesday, November 25th. This is a positive change from T-Mobile US’s previous quarterly dividend of $1.02. This represents a $4.68 annualized dividend and a dividend yield of 3.0%. T-Mobile US’s dividend payout ratio (DPR) is presently 42.72%.

T-Mobile US Company Profile

T-Mobile US, Inc is a wireless communications company that provides mobile voice, messaging, and data services to consumers, businesses, and government customers in the United States. Its offerings include wireless plans, smartphones, connected devices, accessories, and related services, supported by a nationwide cellular network.

The company also provides fixed wireless broadband and other internet services for households, as well as wireless connectivity, networking, and communications solutions for businesses and public-sector organizations.