WestEnd Advisors LLC Decreases Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

WestEnd Advisors LLC reduced its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 0.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 247,385 shares of the Wireless communications provider’s stock after selling 1,292 shares during the period. T-Mobile US comprises approximately 1.3% of WestEnd Advisors LLC’s portfolio, making the stock its 18th biggest holding. WestEnd Advisors LLC’s holdings in T-Mobile US were worth $51,050,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in TMUS. Golden State Equity Partners increased its position in shares of T-Mobile US by 33.2% in the third quarter. Golden State Equity Partners now owns 6,686 shares of the Wireless communications provider’s stock valued at $1,380,000 after acquiring an additional 1,665 shares during the period. Adams Diversified Equity Fund Inc. grew its stake in shares of T-Mobile US by 17.4% in the third quarter. Adams Diversified Equity Fund Inc. now owns 84,500 shares of the Wireless communications provider’s stock worth $17,437,000 after purchasing an additional 12,500 shares during the last quarter. Mutual Advisors LLC raised its position in T-Mobile US by 64.6% during the 3rd quarter. Mutual Advisors LLC now owns 8,928 shares of the Wireless communications provider’s stock valued at $1,842,000 after purchasing an additional 3,505 shares during the last quarter. Avitas Wealth Management LLC lifted its holdings in T-Mobile US by 1.7% in the 3rd quarter. Avitas Wealth Management LLC now owns 8,805 shares of the Wireless communications provider’s stock worth $1,817,000 after buying an additional 145 shares during the period. Finally, Childress Capital Advisors LLC bought a new stake in shares of T-Mobile US in the 3rd quarter worth approximately $217,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TMUS. Morgan Stanley lifted their price target on shares of T-Mobile US from $209.00 to $239.00 and gave the company an “overweight” rating in a research report on Tuesday. Scotiabank boosted their price target on T-Mobile US from $236.00 to $237.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 24th. Sanford C. Bernstein raised T-Mobile US to a “strong-buy” rating in a research report on Wednesday, July 31st. KeyCorp boosted their target price on T-Mobile US from $230.00 to $252.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. raised their price target on T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Three analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, T-Mobile US currently has a consensus rating of “Moderate Buy” and a consensus target price of $241.83.

Insider Activity at T-Mobile US

In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $194.57, for a total transaction of $3,891,400.00. Following the completion of the sale, the chief executive officer now owns 418,124 shares in the company, valued at $81,354,386.68. This represents 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 the SEC website. In related news, insider Jon Freier sold 10,000 shares of T-Mobile US stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $181.87, for a total transaction of $1,818,700.00. Following the completion of the sale, the insider now owns 162,628 shares of the company’s stock, valued at $29,577,154.36. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO G Michael Sievert sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $194.57, for a total transaction of $3,891,400.00. Following the transaction, the chief executive officer now directly owns 418,124 shares of the company’s stock, valued at $81,354,386.68. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 369,261 shares of company stock valued at $74,082,130 over the last ninety days. 0.67% of the stock is owned by company insiders.

T-Mobile US Trading Down 0.9 %

Shares of TMUS traded down $1.93 during midday trading on Wednesday, hitting $224.12. The stock had a trading volume of 164,593 shares, compared to its average volume of 4,476,135. T-Mobile US, Inc. has a 1 year low of $141.29 and a 1 year high of $234.56. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.84 and a quick ratio of 0.78. The stock’s 50 day moving average is $207.32 and its 200 day moving average is $186.51. The firm has a market cap of $262.64 billion, a PE ratio of 30.76, a price-to-earnings-growth ratio of 1.15 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.29. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The business had revenue of $20.16 billion during the quarter, compared to the consensus estimate of $20.01 billion. During the same quarter last year, the firm earned $1.82 earnings per share. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. As a group, analysts forecast that T-Mobile US, Inc. will post 9.22 EPS 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 12th. Stockholders of record on Wednesday, November 27th will be paid a dividend of $0.88 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.57%. T-Mobile US’s dividend payout ratio (DPR) is currently 47.89%.

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.