T-Mobile US, Inc. (NASDAQ:TMUS) Stock Position Raised by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC boosted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 17.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,255 shares of the Wireless communications provider’s stock after buying an additional 2,127 shares during the period. Sequoia Financial Advisors LLC’s holdings in T-Mobile US were worth $2,942,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of TMUS. WASHINGTON TRUST Co lifted its position in shares of T-Mobile US by 143.1% in the 2nd quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 83 shares in the last quarter. Summit Securities Group LLC acquired a new stake in T-Mobile US during the 2nd quarter worth about $27,000. Y.D. More Investments Ltd acquired a new stake in shares of T-Mobile US during the second quarter worth approximately $27,000. Westside Investment Management Inc. increased its stake in T-Mobile US by 75.8% in the 1st quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 75 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in T-Mobile US in the 2nd quarter worth approximately $30,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on TMUS shares. Raymond James downgraded shares of T-Mobile US from a “strong-buy” rating to an “outperform” rating and upped their price target for the stock from $208.00 to $221.00 in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. raised their price objective on shares of T-Mobile US from $220.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday, September 19th. Citigroup increased their price target on shares of T-Mobile US from $210.00 to $254.00 and gave the stock a “buy” rating in a research note on Monday. Morgan Stanley lifted their price objective on shares of T-Mobile US from $191.00 to $209.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Finally, Evercore ISI increased their target price on shares of T-Mobile US from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Thursday, September 19th. One analyst has rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, T-Mobile US currently has a consensus rating of “Buy” and a consensus target price of $219.94.

T-Mobile US Trading Up 0.9 %

Shares of TMUS opened at $220.95 on Thursday. The firm has a market capitalization of $258.92 billion, a price-to-earnings ratio of 30.06, a P/E/G ratio of 1.12 and a beta of 0.51. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.22. T-Mobile US, Inc. has a 12-month low of $137.69 and a 12-month high of $223.91. The stock’s 50-day moving average price is $204.75 and its 200 day moving average price is $184.44.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.22. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The firm had revenue of $19.77 billion for the quarter, compared to the consensus estimate of $19.61 billion. During the same quarter in the previous year, the company earned $1.86 earnings per share. The business’s revenue was up 3.0% compared to the same quarter last year. As a group, research analysts predict that T-Mobile US, Inc. will post 9.14 earnings per share for the current year.

T-Mobile US Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be paid a dividend of $0.88 per share. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 annualized dividend and a yield of 1.59%. The ex-dividend date is Wednesday, November 27th. T-Mobile US’s dividend payout ratio is currently 47.89%.

Insider Activity

In related news, insider Jon Freier sold 10,000 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $181.87, for a total transaction of $1,818,700.00. Following the completion of the sale, the insider now owns 162,628 shares in the company, valued at $29,577,154.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP Deeanne King sold 15,437 shares of T-Mobile US stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $190.00, for a total value of $2,933,030.00. Following the completion of the transaction, the executive vice president now directly owns 35,588 shares of the company’s stock, valued at $6,761,720. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jon Freier sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $181.87, for a total transaction of $1,818,700.00. Following the transaction, the insider now owns 162,628 shares in the company, valued at $29,577,154.36. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 349,261 shares of company stock worth $69,411,130. Corporate insiders own 0.67% of the company’s stock.

T-Mobile US 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.