James Investment Research Inc. Sells 629 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

James Investment Research Inc. cut its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 1.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,478 shares of the Wireless communications provider’s stock after selling 629 shares during the quarter. James Investment Research Inc.’s holdings in T-Mobile US were worth $7,528,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. International Assets Investment Management LLC boosted its holdings in T-Mobile US by 21,580.9% in the 3rd quarter. International Assets Investment Management LLC now owns 249,981 shares of the Wireless communications provider’s stock worth $51,586,000 after buying an additional 248,828 shares during the period. GSA Capital Partners LLP purchased a new position in shares of T-Mobile US during the first quarter worth approximately $1,908,000. CFO4Life Group LLC purchased a new position in T-Mobile US during the first quarter valued at approximately $932,000. NewEdge Advisors LLC raised its stake in T-Mobile US by 13.6% in the second quarter. NewEdge Advisors LLC now owns 211,059 shares of the Wireless communications provider’s stock worth $37,184,000 after buying an additional 25,217 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its stake in T-Mobile US by 26.3% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 20,438 shares of the Wireless communications provider’s stock worth $3,336,000 after buying an additional 4,253 shares in the last quarter. 42.49% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on TMUS. Scotiabank lifted their price target on shares of T-Mobile US from $236.00 to $237.00 and gave the stock a “sector perform” rating in a report on Thursday, October 24th. Evercore ISI upped their price target on shares of T-Mobile US from $220.00 to $240.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Morgan Stanley upped their price objective on shares of T-Mobile US from $209.00 to $239.00 and gave the stock an “overweight” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft upped their price objective on shares of T-Mobile US from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Finally, UBS Group upped their price target on shares of T-Mobile US from $210.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Three analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, T-Mobile US presently has a consensus rating of “Moderate Buy” and a consensus price target of $241.83.

Insider Buying and Selling at T-Mobile US

In other news, EVP Deeanne King sold 15,437 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $190.00, for a total value of $2,933,030.00. Following the sale, the executive vice president now owns 35,588 shares in the company, valued at approximately $6,761,720. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO G Michael Sievert sold 20,000 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $194.57, for a total value of $3,891,400.00. Following the completion of the transaction, the chief executive officer now directly owns 418,124 shares of the company’s stock, valued at $81,354,386.68. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Deeanne King sold 15,437 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $190.00, for a total value of $2,933,030.00. Following the completion of the transaction, the executive vice president now directly owns 35,588 shares of the company’s stock, valued at approximately $6,761,720. This trade 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 359,261 shares of company stock worth $72,263,430 over the last 90 days. Insiders own 0.67% of the company’s stock.

T-Mobile US Stock Performance

Shares of TMUS opened at $223.28 on Friday. The firm has a 50-day moving average price of $208.90 and a 200 day moving average price of $187.46. The firm has a market capitalization of $259.11 billion, a PE ratio of 25.46, a P/E/G ratio of 1.14 and a beta of 0.51. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. T-Mobile US, Inc. has a 52-week low of $143.90 and a 52-week high of $234.56.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, beating analysts’ consensus estimates of $2.32 by $0.29. The company had revenue of $20.16 billion during the quarter, compared to analyst estimates of $20.01 billion. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.82 earnings per share. On average, sell-side analysts anticipate that T-Mobile US, Inc. will post 9.36 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.58%. 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. T-Mobile US’s dividend payout ratio (DPR) is 40.14%.

T-Mobile US Company Profile

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.