T-Mobile US, Inc. $TMUS Shares Sold by United Asset Strategies Inc.

United Asset Strategies Inc. decreased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 35.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,845 shares of the Wireless communications provider’s stock after selling 13,552 shares during the quarter. United Asset Strategies Inc.’s holdings in T-Mobile US were worth $5,920,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CWM LLC increased its position in T-Mobile US by 7.6% during the first quarter. CWM LLC now owns 58,648 shares of the Wireless communications provider’s stock worth $15,642,000 after purchasing an additional 4,164 shares during the last quarter. Bleakley Financial Group LLC lifted its stake in shares of T-Mobile US by 8.1% in the 1st quarter. Bleakley Financial Group LLC now owns 10,111 shares of the Wireless communications provider’s stock worth $2,697,000 after acquiring an additional 760 shares during the period. Edgestream Partners L.P. purchased a new stake in shares of T-Mobile US during the 1st quarter worth $480,000. Signaturefd LLC grew its holdings in T-Mobile US by 4.8% in the first quarter. Signaturefd LLC now owns 11,868 shares of the Wireless communications provider’s stock valued at $3,165,000 after purchasing an additional 544 shares during the last quarter. Finally, Sigma Planning Corp increased its stake in shares of T-Mobile US by 32.7% during the 1st quarter. Sigma Planning Corp now owns 10,868 shares of the Wireless communications provider’s stock worth $2,899,000 after purchasing an additional 2,678 shares in the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on TMUS shares. The Goldman Sachs Group started coverage on shares of T-Mobile US in a report on Tuesday, September 2nd. They issued a “buy” rating and a $286.00 price target on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on T-Mobile US from $280.00 to $300.00 in a report on Thursday, October 2nd. Cowen reiterated a “buy” rating on shares of T-Mobile US in a research note on Friday, October 24th. Wells Fargo & Company raised shares of T-Mobile US from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $250.00 to $260.00 in a research note on Thursday, October 16th. Finally, BNP Paribas Exane increased their price objective on T-Mobile US from $290.00 to $305.00 and gave the stock an “outperform” rating in a report on Monday, October 6th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $266.83.

Insider Activity

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the company’s stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $250.87, for a total transaction of $17,520,760.80. Following the completion of the transaction, the director owned 636,271,724 shares of the company’s stock, valued at approximately $159,621,487,399.88. This represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders have sold 2,043,381 shares of company stock worth $489,095,047. Insiders own 0.37% of the company’s stock.

T-Mobile US Trading Up 3.0%

Shares of NASDAQ:TMUS opened at $211.98 on Wednesday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.89. The stock’s 50-day moving average is $228.69 and its 200-day moving average is $236.35. The company has a market cap of $237.10 billion, a P/E ratio of 20.38, a P/E/G ratio of 1.51 and a beta of 0.57. T-Mobile US, Inc. has a 52-week low of $199.41 and a 52-week high of $276.49.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.40 by $0.01. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The firm had revenue of $21.96 billion for the quarter, compared to analyst estimates of $21.61 billion. During the same quarter last year, the firm posted $2.61 EPS. The company’s revenue was up 8.9% on a year-over-year basis. Equities research analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be given a $1.02 dividend. The ex-dividend date is Wednesday, November 26th. This represents a $4.08 annualized dividend and a yield of 1.9%. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s dividend payout ratio (DPR) is 39.23%.

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.