OneDigital Investment Advisors LLC Decreases Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

OneDigital Investment Advisors LLC cut its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 12.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 5,384 shares of the Wireless communications provider’s stock after selling 761 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in T-Mobile US were worth $1,111,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. DT Investment Partners LLC raised its holdings in T-Mobile US by 65.3% during the third 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 during the last quarter. Davis Investment Partners LLC raised its stake in shares of T-Mobile US by 0.6% during the 3rd quarter. Davis Investment Partners LLC now owns 8,223 shares of the Wireless communications provider’s stock worth $1,711,000 after buying an additional 51 shares during the last quarter. Barden Capital Management Inc. boosted its position in shares of T-Mobile US by 0.8% in the 3rd quarter. Barden Capital Management Inc. now owns 6,824 shares of the Wireless communications provider’s stock worth $1,408,000 after buying an additional 54 shares in the last quarter. Compton Wealth Advisory Group LLC boosted its position in shares of T-Mobile US by 0.4% in the 2nd quarter. Compton Wealth Advisory Group LLC now owns 15,009 shares of the Wireless communications provider’s stock worth $2,644,000 after buying an additional 56 shares in the last quarter. Finally, Benjamin Edwards Inc. grew its stake in T-Mobile US by 0.7% in the 2nd quarter. Benjamin Edwards Inc. now owns 8,331 shares of the Wireless communications provider’s stock valued at $1,468,000 after acquiring an additional 56 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Raymond James downgraded shares of T-Mobile US from an “outperform” rating to a “market perform” rating in a report on Friday, October 25th. Oppenheimer upped their target price 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. TD Cowen raised their price target on T-Mobile US from $216.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. StockNews.com upgraded T-Mobile US from a “hold” rating to a “buy” rating in a research report on Tuesday, July 30th. Finally, Daiwa America upgraded T-Mobile US to a “hold” rating in a research report on Friday, October 25th. Three equities research 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. Based on data from MarketBeat, T-Mobile US has a consensus rating of “Moderate Buy” and an average price target of $241.83.

Insider Buying and Selling at T-Mobile US

In other news, insider Michael J. Katz sold 3,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $205.30, for a total transaction of $615,900.00. Following the transaction, the insider now directly owns 119,687 shares of the company’s stock, valued at approximately $24,571,741.10. The trade was a 2.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Raul Marcelo Claure sold 1,572 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $196.00, for a total transaction of $308,112.00. Following the sale, the director now directly owns 1,824,632 shares of the company’s stock, valued at approximately $357,627,872. The trade was a 0.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 455,338 shares of company stock valued at $95,539,866 over the last three months. 0.67% of the stock is owned by company insiders.

T-Mobile US Stock Performance

T-Mobile US stock opened at $237.03 on Tuesday. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99. T-Mobile US, Inc. has a 12 month low of $147.24 and a 12 month high of $242.43. The company has a market cap of $275.07 billion, a price-to-earnings ratio of 27.03, a price-to-earnings-growth ratio of 1.20 and a beta of 0.50. The stock’s 50-day moving average is $216.71 and its 200-day moving average is $193.34.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, beating analysts’ consensus estimates of $2.32 by $0.29. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The firm had revenue of $20.16 billion for the quarter, compared to analysts’ expectations of $20.01 billion. During the same period in the previous year, the company posted $1.82 earnings per share. T-Mobile US’s revenue was up 4.7% compared to the same quarter last year. Equities analysts anticipate that T-Mobile US, Inc. will post 9.38 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 12th. Investors of record on Wednesday, November 27th will be issued a $0.88 dividend. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 annualized dividend and a yield of 1.49%. The ex-dividend date is Wednesday, November 27th. T-Mobile US’s dividend payout ratio is currently 40.14%.

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.