T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by WESPAC Advisors LLC

WESPAC Advisors LLC lessened its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 54.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 2,288 shares of the Wireless communications provider’s stock after selling 2,734 shares during the period. WESPAC Advisors LLC’s holdings in T-Mobile US were worth $472,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. WASHINGTON TRUST Co boosted its position in T-Mobile US by 143.1% during the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 83 shares during the last quarter. DT Investment Partners LLC lifted its stake in T-Mobile US by 65.3% in the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 47 shares in the last quarter. Summit Securities Group LLC acquired a new position in shares of T-Mobile US during the 2nd quarter worth approximately $27,000. Y.D. More Investments Ltd purchased a new stake in shares of T-Mobile US in the second quarter valued at approximately $27,000. Finally, MFA Wealth Advisors LLC increased its holdings in shares of T-Mobile US by 128.3% in the third quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 77 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insiders Place Their Bets

In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $237.73, for a total transaction of $4,754,600.00. Following the sale, the chief executive officer now owns 378,124 shares in the company, valued at $89,891,418.52. This represents a 5.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Nestor Cano sold 11,100 shares of T-Mobile US stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $230.75, for a total value of $2,561,325.00. Following the completion of the transaction, the executive vice president now owns 4,400 shares of the company’s stock, valued at $1,015,300. The trade was a 71.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 343,456 shares of company stock worth $73,405,131 in the last ninety days. 0.67% of the stock is owned by corporate insiders.

T-Mobile US Price Performance

TMUS stock opened at $238.28 on Friday. The business’s fifty day moving average price is $219.58 and its 200 day moving average price is $195.16. T-Mobile US, Inc. has a 12-month low of $147.96 and a 12-month high of $242.43. 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 company has a market capitalization of $276.52 billion, a PE ratio of 27.17, a P/E/G ratio of 1.21 and a beta of 0.50.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.32 by $0.29. The company had revenue of $20.16 billion during the quarter, compared to the consensus estimate of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. T-Mobile US’s revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.82 EPS. On average, sell-side analysts anticipate that T-Mobile US, Inc. will post 9.38 EPS for the current year.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Friday, February 28th will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.48%. The ex-dividend date is Friday, February 28th. T-Mobile US’s payout ratio is currently 29.65%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on TMUS shares. Bank of America boosted their price objective on T-Mobile US from $220.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. UBS Group boosted their price target on shares of T-Mobile US from $210.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. BNP Paribas upgraded shares of T-Mobile US to a “strong-buy” rating in a research report on Friday, October 25th. Morgan Stanley boosted their target price on shares of T-Mobile US from $209.00 to $239.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Finally, Barclays increased their price target on shares of T-Mobile US from $215.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Three investment 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’s stock. According to MarketBeat.com, T-Mobile US presently has an average rating of “Moderate Buy” and a consensus target price of $241.83.

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.