Conning Inc. Sells 135 Shares of T-Mobile US, Inc. $TMUS

Conning Inc. reduced its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 5.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,411 shares of the Wireless communications provider’s stock after selling 135 shares during the quarter. Conning Inc.’s holdings in T-Mobile US were worth $574,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in TMUS. Activest Wealth Management lifted its holdings in T-Mobile US by 9,400.0% during the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 94 shares during the last quarter. Missouri Trust & Investment Co grew its stake in 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 buying an additional 105 shares during the last quarter. Stone House Investment Management LLC acquired a new stake in shares of T-Mobile US during the first quarter worth approximately $29,000. TCTC Holdings LLC increased 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 buying an additional 77 shares in the last quarter. Finally, Tsfg LLC bought a new position in shares of T-Mobile US in the first quarter valued at approximately $47,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Stock Performance

T-Mobile US stock opened at $228.79 on Friday. The company has a market cap of $257.48 billion, a PE ratio of 21.58, a PEG ratio of 1.56 and a beta of 0.59. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33. T-Mobile US, Inc. has a 1 year low of $208.39 and a 1 year high of $276.49. The company’s 50-day moving average is $243.36 and its two-hundred day moving average is $242.89.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $2.69 by $0.15. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The business had revenue of $21.13 billion during the quarter, compared to the consensus estimate of $20.99 billion. During the same period in the previous year, the firm posted $2.49 earnings per share. T-Mobile US’s revenue for the quarter was up 6.9% compared to the same quarter last year. Equities analysts anticipate 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 declared a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be given a $1.02 dividend. The ex-dividend date is Wednesday, November 26th. This represents a $4.08 annualized dividend and a dividend yield of 1.8%. This is an increase from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s dividend payout ratio is 33.21%.

Analysts Set New Price Targets

A number of research firms recently commented on TMUS. Rothschild & Co Redburn upgraded T-Mobile US from a “sell” rating to a “neutral” rating and set a $228.00 price target on the stock in a research report on Monday, July 7th. KeyCorp restated an “underweight” rating and set a $200.00 target price on shares of T-Mobile US in a report on Wednesday, July 9th. Weiss Ratings restated a “buy (b)” rating on shares of T-Mobile US in a research note on Wednesday. Scotiabank lifted their price target on T-Mobile US from $271.50 to $278.00 and gave the company a “sector outperform” rating in a report on Monday, October 6th. Finally, The Goldman Sachs Group initiated coverage on shares of T-Mobile US in a report on Tuesday, September 2nd. They set a “buy” rating and a $286.00 price objective on the stock. Three research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, T-Mobile US has an average rating of “Moderate Buy” and an average price target of $265.13.

Insider Activity at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 64,426 shares of the company’s stock in a transaction dated Wednesday, October 8th. The stock was sold at an average price of $226.17, for a total value of $14,571,228.42. Following the completion of the sale, the director owned 628,039,751 shares in the company, valued at approximately $142,043,750,483.67. 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 link. Insiders sold 2,499,001 shares of company stock worth $602,845,239 over the last ninety days. 0.37% of the stock is owned by insiders.

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.