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

HighTower Advisors LLC lessened its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 2.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 723,389 shares of the Wireless communications provider’s stock after selling 20,637 shares during the period. HighTower Advisors LLC owned 0.06% of T-Mobile US worth $148,511,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. FMR LLC increased its holdings in shares of T-Mobile US by 13.4% in the third quarter. FMR LLC now owns 12,893,770 shares of the Wireless communications provider’s stock valued at $2,660,758,000 after purchasing an additional 1,522,394 shares during the period. Legal & General Group Plc increased its holdings in shares of T-Mobile US by 6.8% in the second quarter. Legal & General Group Plc now owns 4,751,007 shares of the Wireless communications provider’s stock valued at $837,032,000 after purchasing an additional 303,582 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of T-Mobile US by 4.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,459,130 shares of the Wireless communications provider’s stock valued at $785,667,000 after purchasing an additional 184,059 shares during the period. TD Asset Management Inc increased its holdings in shares of T-Mobile US by 5.9% in the second quarter. TD Asset Management Inc now owns 2,294,637 shares of the Wireless communications provider’s stock valued at $404,269,000 after purchasing an additional 128,241 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in shares of T-Mobile US by 2.5% in the third quarter. Principal Financial Group Inc. now owns 1,978,567 shares of the Wireless communications provider’s stock valued at $408,297,000 after purchasing an additional 47,350 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Oppenheimer lifted their price target on T-Mobile US from $215.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. BNP Paribas upgraded T-Mobile US to a “strong-buy” rating in a research note on Friday, October 25th. Scotiabank lifted their price target on T-Mobile US from $236.00 to $237.00 and gave the company a “sector perform” rating in a research note on Thursday, October 24th. Bank of America lifted their price target on T-Mobile US from $220.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Barclays lifted their price target on 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 issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $244.33.

Insider Transactions at T-Mobile US

In related news, Director Srikant M. Datar sold 1,000 shares of the stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $247.19, for a total value of $247,190.00. Following the completion of the transaction, the director now owns 5,021 shares of the company’s stock, valued at approximately $1,241,140.99. This represents a 16.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Raul Marcelo Claure sold 1,572 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $196.00, for a total value of $308,112.00. Following the completion of the transaction, the director now directly owns 1,824,632 shares of the company’s stock, valued at $357,627,872. This represents a 0.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 342,750 shares of company stock valued at $73,356,824 over the last quarter. Company insiders own 0.67% of the company’s stock.

T-Mobile US Stock Performance

Shares of NASDAQ:TMUS opened at $244.82 on Tuesday. The firm has a market capitalization of $284.11 billion, a PE ratio of 27.92, a P/E/G ratio of 1.26 and a beta of 0.53. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99. The business has a 50-day moving average of $223.98 and a two-hundred day moving average of $198.25. T-Mobile US, Inc. has a 12 month low of $151.38 and a 12 month high of $248.15.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.29. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The company had revenue of $20.16 billion during the quarter, compared to the consensus estimate of $20.01 billion. During the same quarter in the prior year, the business earned $1.82 earnings per share. The company’s revenue was up 4.7% compared to the same quarter last year. As a group, research analysts forecast that T-Mobile US, Inc. will post 9.38 earnings per share for the current year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Friday, February 28th. T-Mobile US’s payout ratio is 40.14%.

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.