Mizuho Securities USA LLC Sells 7,980 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Mizuho Securities USA LLC reduced its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 20.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,777 shares of the Wireless communications provider’s stock after selling 7,980 shares during the period. Mizuho Securities USA LLC’s holdings in T-Mobile US were worth $6,558,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. EntryPoint Capital LLC grew its stake in shares of T-Mobile US by 80.7% in the 1st quarter. EntryPoint Capital LLC now owns 253 shares of the Wireless communications provider’s stock worth $41,000 after buying an additional 113 shares during the last quarter. CreativeOne Wealth LLC purchased a new position in shares of T-Mobile US in the 1st quarter worth about $267,000. Axxcess Wealth Management LLC raised its position in shares of T-Mobile US by 60.4% in the 1st quarter. Axxcess Wealth Management LLC now owns 5,520 shares of the Wireless communications provider’s stock worth $901,000 after purchasing an additional 2,078 shares during the last quarter. 1832 Asset Management L.P. bought a new position in T-Mobile US in the 1st quarter worth about $2,742,000. Finally, LRI Investments LLC purchased a new stake in T-Mobile US during the 1st quarter valued at about $116,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on TMUS shares. UBS Group upped their target price on shares of T-Mobile US from $210.00 to $255.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. TD Cowen upped their price objective on T-Mobile US from $216.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Evercore ISI lifted their target price on T-Mobile US from $220.00 to $240.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Oppenheimer boosted their price target on T-Mobile US from $215.00 to $250.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, Benchmark lifted their price objective on T-Mobile US from $250.00 to $255.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Three analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $241.83.

T-Mobile US Stock Performance

NASDAQ:TMUS opened at $236.56 on Friday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.08. The stock has a 50-day simple moving average of $218.87 and a two-hundred day simple moving average of $194.40. The firm has a market capitalization of $274.52 billion, a PE ratio of 26.97, a P/E/G ratio of 1.19 and a beta of 0.50. T-Mobile US, Inc. has a 52-week low of $147.96 and a 52-week high of $242.43.

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, beating analysts’ consensus estimates of $2.32 by $0.29. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The company had revenue of $20.16 billion during the quarter, compared to the consensus estimate of $20.01 billion. During the same period in the previous year, the company posted $1.82 EPS. The firm’s revenue was up 4.7% on a year-over-year basis. Analysts forecast that T-Mobile US, Inc. will post 9.38 EPS for the current year.

T-Mobile US Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.49%. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. The ex-dividend date is Wednesday, November 27th. T-Mobile US’s dividend payout ratio (DPR) is presently 40.14%.

Insider Activity at T-Mobile US

In other news, Director Raul Marcelo Claure sold 132,309 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $196.74, for a total value of $26,030,472.66. Following the transaction, the director now owns 1,551,204 shares of the company’s stock, valued at approximately $305,183,874.96. The trade was a 7.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO G Michael Sievert sold 20,000 shares of T-Mobile US stock in a transaction on Monday, November 11th. The shares were sold at an average price of $237.73, for a total transaction of $4,754,600.00. Following the completion of the sale, the chief executive officer now owns 378,124 shares in the company, valued at approximately $89,891,418.52. This represents a 5.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 343,456 shares of company stock worth $73,405,131. 0.67% of the stock is owned by corporate insiders.

T-Mobile US 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.