T-Mobile US, Inc. (NASDAQ:TMUS) Holdings Trimmed by Proficio Capital Partners LLC

Proficio Capital Partners LLC lowered its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 30.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,019 shares of the Wireless communications provider’s stock after selling 868 shares during the quarter. Proficio Capital Partners LLC’s holdings in T-Mobile US were worth $417,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of TMUS. Envestnet Portfolio Solutions Inc. boosted its position in shares of T-Mobile US by 26.3% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 20,438 shares of the Wireless communications provider’s stock valued at $3,336,000 after purchasing an additional 4,253 shares during the period. Quantbot Technologies LP acquired a new position in shares of T-Mobile US in the 1st quarter valued at $811,000. Empowered Funds LLC boosted its position in shares of T-Mobile US by 20.6% in the 1st quarter. Empowered Funds LLC now owns 9,352 shares of the Wireless communications provider’s stock valued at $1,526,000 after purchasing an additional 1,596 shares during the period. Atomi Financial Group Inc. boosted its position in shares of T-Mobile US by 12.3% in the 1st quarter. Atomi Financial Group Inc. now owns 2,864 shares of the Wireless communications provider’s stock valued at $467,000 after purchasing an additional 313 shares during the period. Finally, Concurrent Investment Advisors LLC boosted its position in shares of T-Mobile US by 33.9% in the 1st quarter. Concurrent Investment Advisors LLC now owns 3,893 shares of the Wireless communications provider’s stock valued at $635,000 after purchasing an additional 986 shares during the period. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Price Performance

Shares of T-Mobile US stock opened at $235.31 on Monday. T-Mobile US, Inc. has a 1-year low of $145.77 and a 1-year high of $236.74. The firm has a fifty day simple moving average of $211.81 and a 200-day simple moving average of $190.04. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. The stock has a market capitalization of $273.07 billion, a price-to-earnings ratio of 26.83, a PEG ratio of 1.20 and a beta of 0.50.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results 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 net margin of 12.96% and a return on equity of 16.35%. The company had revenue of $20.16 billion during the quarter, compared to analysts’ expectations of $20.01 billion. During the same period in the prior year, the company earned $1.82 earnings per share. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, sell-side analysts expect that T-Mobile US, Inc. will post 9.36 earnings per share for the current year.

T-Mobile US Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be given a dividend of $0.88 per share. The ex-dividend date is Wednesday, November 27th. This represents a $3.52 dividend on an annualized basis and a yield of 1.50%. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. T-Mobile US’s payout ratio is 29.65%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on TMUS shares. Royal Bank of Canada increased their price target on T-Mobile US from $232.00 to $255.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Benchmark raised their price objective on T-Mobile US from $250.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. raised their price objective on T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. BNP Paribas upgraded T-Mobile US to a “strong-buy” rating in a research report on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on T-Mobile US from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Three equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $241.83.

Insider Buying and Selling at T-Mobile US

In related news, EVP Mark Wolfe Nelson sold 42,769 shares of T-Mobile US stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $216.26, for a total transaction of $9,249,223.94. Following the sale, the executive vice president now directly owns 61,871 shares of the company’s stock, valued at $13,380,222.46. This trade 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 through this hyperlink. In related news, insider Michael J. Katz sold 3,000 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $205.30, for a total value of $615,900.00. Following the sale, the insider now owns 119,687 shares of the company’s stock, valued at $24,571,741.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Mark Wolfe Nelson sold 42,769 shares of T-Mobile US stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $216.26, for a total value of $9,249,223.94. Following the sale, the executive vice president now directly owns 61,871 shares in the company, valued at $13,380,222.46. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 433,824 shares of company stock valued at $90,112,000 in the last ninety days. Company insiders own 0.67% of the company’s stock.

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.