T-Mobile US, Inc. $TMUS Shares Sold by Cidel Asset Management Inc.

Cidel Asset Management Inc. decreased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 5.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,122 shares of the Wireless communications provider’s stock after selling 132 shares during the quarter. Cidel Asset Management Inc.’s holdings in T-Mobile US were worth $506,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Activest Wealth Management increased its stake in T-Mobile US by 9,400.0% during the first quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 94 shares during the last quarter. Stone House Investment Management LLC acquired a new stake in shares of T-Mobile US in the first quarter valued at $29,000. TCTC Holdings LLC grew its stake in shares of 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 in the last quarter. Missouri Trust & Investment Co grew its stake in shares of 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 in the last quarter. Finally, N.E.W. Advisory Services LLC acquired a new stake in shares of T-Mobile US in the first quarter valued at $47,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Buying and Selling at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 64,426 shares of the business’s stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $227.75, for a total value of $14,673,021.50. Following the completion of the sale, the director directly owned 627,717,621 shares of the company’s stock, valued at approximately $142,962,688,182.75. The trade was a 0.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders sold 2,343,079 shares of company stock valued at $566,860,634. 0.37% of the stock is currently owned by insiders.

T-Mobile US Stock Up 1.3%

Shares of NASDAQ TMUS opened at $229.33 on Monday. The company has a market capitalization of $258.09 billion, a price-to-earnings ratio of 21.63, a price-to-earnings-growth ratio of 1.57 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 has a 50-day moving average of $241.95 and a two-hundred day moving average of $241.34. T-Mobile US, Inc. has a 1 year low of $208.39 and a 1 year high of $276.49.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.69 by $0.15. The company had revenue of $21.13 billion during the quarter, compared to the consensus estimate of $20.99 billion. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.T-Mobile US’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the business earned $2.49 EPS. On average, 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 firm also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be issued a dividend of $1.02 per share. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $4.08 dividend on an annualized basis and a yield of 1.8%. T-Mobile US’s dividend payout ratio (DPR) is presently 33.21%.

Analyst Upgrades and Downgrades

TMUS has been the subject of a number of research reports. Moffett Nathanson lifted their price objective on T-Mobile US from $210.00 to $230.00 and gave the company a “neutral” rating in a research note on Thursday, October 2nd. Morgan Stanley lifted their price objective on T-Mobile US from $265.00 to $285.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. Scotiabank lifted their price objective on T-Mobile US from $271.50 to $278.00 and gave the company a “sector outperform” rating in a research note on Monday, October 6th. The Goldman Sachs Group assumed coverage on T-Mobile US in a report on Tuesday, September 2nd. They issued a “buy” rating and a $286.00 target price for the company. Finally, Rothschild Redb upgraded T-Mobile US to a “hold” rating in a report on Tuesday, September 30th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, T-Mobile US has an average rating of “Moderate Buy” and a consensus price target of $266.17.

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.