Northern Financial Advisors Inc Reduces Holdings in T-Mobile US, Inc. $TMUS

Northern Financial Advisors Inc lowered its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 0.9% during the second quarter, Holdings Channel.com reports. The institutional investor owned 6,262 shares of the Wireless communications provider’s stock after selling 55 shares during the period. T-Mobile US accounts for approximately 1.1% of Northern Financial Advisors Inc’s portfolio, making the stock its 27th biggest position. Northern Financial Advisors Inc’s holdings in T-Mobile US were worth $1,492,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Activest Wealth Management boosted its position in T-Mobile US by 9,400.0% in the first quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 94 shares during the last quarter. Stone House Investment Management LLC purchased a new stake in T-Mobile US in the first quarter valued at approximately $29,000. TCTC Holdings LLC boosted its position in T-Mobile US by 208.1% in the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider’s stock valued at $30,000 after buying an additional 77 shares during the last quarter. Missouri Trust & Investment Co boosted its position in T-Mobile US by 807.7% in the second quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 105 shares during the last quarter. Finally, City Holding Co. boosted its position in T-Mobile US by 45.3% in the first quarter. City Holding Co. now owns 138 shares of the Wireless communications provider’s stock valued at $37,000 after buying an additional 43 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insider Buying and Selling

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction on Monday, July 28th. The stock was sold at an average price of $238.61, for a total value of $16,664,522.40. Following the completion of the transaction, the director directly owned 646,613,244 shares of the company’s stock, valued at approximately $154,288,386,150.84. This represents a 0.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders sold 2,509,379 shares of company stock valued at $605,554,413. 0.37% of the stock is currently owned by corporate insiders.

T-Mobile US Trading Up 1.2%

Shares of NASDAQ:TMUS opened at $227.68 on Wednesday. T-Mobile US, Inc. has a 1 year low of $208.39 and a 1 year high of $276.49. The firm has a market capitalization of $256.24 billion, a price-to-earnings ratio of 21.48, a price-to-earnings-growth ratio of 1.44 and a beta of 0.59. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.13. The business’s 50 day moving average price is $244.07 and its 200-day moving average price is $243.57.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.69 by $0.15. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The firm had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.99 billion. During the same quarter last year, the firm posted $2.49 EPS. The business’s revenue was up 6.9% on a year-over-year basis. On average, equities research analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $4.08 annualized dividend and a yield of 1.8%. This is an increase from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s dividend payout ratio is currently 33.21%.

Analysts Set New Price Targets

A number of brokerages recently commented on TMUS. JPMorgan Chase & Co. upped their target price on T-Mobile US from $280.00 to $300.00 and gave the company an “overweight” rating in a research report on Tuesday, September 30th. Deutsche Bank Aktiengesellschaft upped their price objective on T-Mobile US from $280.00 to $300.00 in a research report on Thursday, October 2nd. Scotiabank upped their price objective on T-Mobile US from $271.50 to $278.00 and gave the stock a “sector outperform” rating in a research report on Monday. Redburn Atlantic upgraded T-Mobile US from a “strong sell” rating to a “hold” rating and set a $228.00 price objective on the stock in a research report on Monday, July 7th. Finally, Moffett Nathanson upped their price objective on T-Mobile US from $210.00 to $230.00 and gave the stock a “neutral” rating in a research report on Thursday, October 2nd. Three investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $264.29.

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.