International Assets Investment Management LLC Sells 204 Shares of T-Mobile US, Inc. $TMUS

International Assets Investment Management LLC decreased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 13.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,265 shares of the Wireless communications provider’s stock after selling 204 shares during the period. International Assets Investment Management LLC’s holdings in T-Mobile US were worth $301,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TMUS. GAMMA Investing LLC raised its position in shares of T-Mobile US by 10.2% during the 1st quarter. GAMMA Investing LLC now owns 11,449 shares of the Wireless communications provider’s stock valued at $3,054,000 after acquiring an additional 1,059 shares during the last quarter. PFG Investments LLC raised its position in shares of T-Mobile US by 6.8% during the 1st quarter. PFG Investments LLC now owns 1,437 shares of the Wireless communications provider’s stock valued at $383,000 after acquiring an additional 92 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of T-Mobile US by 6.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 40,839 shares of the Wireless communications provider’s stock valued at $10,892,000 after acquiring an additional 2,649 shares during the last quarter. Legacy Advisors LLC increased its position in shares of T-Mobile US by 9.7% in the 1st quarter. Legacy Advisors LLC now owns 2,503 shares of the Wireless communications provider’s stock valued at $668,000 after buying an additional 221 shares in the last quarter. Finally, Consolidated Portfolio Review Corp bought a new stake in shares of T-Mobile US in the 1st quarter valued at $230,000. Institutional investors own 42.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of T-Mobile US from $280.00 to $300.00 and gave the company an “overweight” rating in a research report on Tuesday, September 30th. Wells Fargo & Company upgraded shares of T-Mobile US from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $250.00 to $260.00 in a research note on Thursday, October 16th. Scotiabank raised their target price on shares of T-Mobile US from $271.50 to $278.00 and gave the company a “sector outperform” rating in a research note on Monday, October 6th. The Goldman Sachs Group began coverage on shares of T-Mobile US in a research note on Tuesday, September 2nd. They issued a “buy” rating and a $286.00 target price for the company. Finally, Morgan Stanley raised their price objective on shares of T-Mobile US from $265.00 to $285.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $266.17.

T-Mobile US Stock Down 0.7%

Shares of TMUS opened at $227.40 on Thursday. T-Mobile US, Inc. has a 12 month low of $208.39 and a 12 month high of $276.49. The firm’s 50 day moving average is $240.64 and its 200-day moving average is $241.04. The stock has a market capitalization of $255.92 billion, a PE ratio of 21.45, a P/E/G ratio of 1.57 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 (NASDAQ:TMUS) last announced its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, topping the consensus estimate of $2.69 by $0.15. The company had revenue of $21.13 billion for the quarter, compared to analysts’ expectations of $20.99 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period last year, the firm earned $2.49 earnings per share. Equities research analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 1.8%. This is a positive change 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 33.21%.

Insider Transactions at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $238.61, for a total value of $16,664,522.40. Following the transaction, the director directly owned 646,613,244 shares of the company’s stock, valued at $154,288,386,150.84. This trade represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold 2,395,091 shares of company stock valued at $578,333,496 over the last quarter. Company insiders own 0.37% 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.