Wealthstar Advisors LLC Trims Position in T-Mobile US, Inc. $TMUS

Wealthstar Advisors LLC lessened its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 60.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,098 shares of the Wireless communications provider’s stock after selling 4,766 shares during the quarter. Wealthstar Advisors LLC’s holdings in T-Mobile US were worth $738,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Activest Wealth Management grew its holdings in shares of T-Mobile US by 9,400.0% during the first quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 94 shares in the last quarter. Missouri Trust & Investment Co grew its holdings in shares of T-Mobile US by 807.7% during the second quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 105 shares in the last quarter. Stone House Investment Management LLC purchased a new position in shares of T-Mobile US during the first quarter worth about $29,000. TCTC Holdings LLC grew its holdings in shares of T-Mobile US by 208.1% during the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider’s stock worth $30,000 after purchasing an additional 77 shares in the last quarter. Finally, Tsfg LLC purchased a new position in shares of T-Mobile US during the first quarter worth about $47,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on TMUS. JPMorgan Chase & Co. boosted their price objective on T-Mobile US from $280.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday, September 30th. Scotiabank upped their target price on T-Mobile US from $271.50 to $278.00 and gave the stock a “sector outperform” rating in a research note on Monday. Rothschild & Co Redburn raised T-Mobile US from a “sell” rating to a “neutral” rating and set a $228.00 target price for the company in a research note on Monday, July 7th. Wolfe Research cut their target price on T-Mobile US from $300.00 to $290.00 and set an “outperform” rating for the company in a research note on Tuesday, September 30th. Finally, Moffett Nathanson upped their target price on T-Mobile US from $210.00 to $230.00 and gave the stock a “neutral” rating in a research note on Thursday, October 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $264.29.

Insider Buying and Selling at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 64,426 shares of the stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $224.60, for a total transaction of $14,470,079.60. Following the completion of the sale, the director owned 628,168,603 shares of the company’s stock, valued at approximately $141,086,668,233.80. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 2,434,575 shares of company stock worth $588,274,010 over the last ninety days. Corporate insiders own 0.37% of the company’s stock.

T-Mobile US Stock Performance

NASDAQ:TMUS opened at $226.21 on Friday. The firm has a market cap of $254.58 billion, a PE ratio of 21.34, a price-to-earnings-growth ratio of 1.48 and a beta of 0.59. T-Mobile US, Inc. has a fifty-two week low of $208.39 and a fifty-two week high of $276.49. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. The business has a 50 day moving average price of $243.52 and a 200-day moving average price of $243.23.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, beating analysts’ consensus estimates of $2.69 by $0.15. The firm had revenue of $21.13 billion during the quarter, compared to analyst estimates of $20.99 billion. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.49 earnings per share. 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 disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.8%. This is a boost from T-Mobile US’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Wednesday, November 26th. T-Mobile US’s payout ratio is currently 38.49%.

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.