Scotia Capital Inc. Has $3.52 Million Holdings in T-Mobile US, Inc. $TMUS

Scotia Capital Inc. trimmed its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 50.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,755 shares of the Wireless communications provider’s stock after selling 14,943 shares during the period. Scotia Capital Inc.’s holdings in T-Mobile US were worth $3,515,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Activest Wealth Management raised its stake in T-Mobile US by 9,400.0% in the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 94 shares during the period. Stone House Investment Management LLC acquired a new position in shares of T-Mobile US in the first quarter valued at $29,000. Missouri Trust & Investment Co increased its holdings in shares of T-Mobile US by 807.7% in the second quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 105 shares during the last quarter. Aspect Partners LLC raised its position in shares of T-Mobile US by 112.1% in the second quarter. Aspect Partners LLC now owns 123 shares of the Wireless communications provider’s stock valued at $29,000 after purchasing an additional 65 shares during the period. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of T-Mobile US during the 2nd quarter worth about $39,000. 42.49% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on TMUS. Williams Trading set a $263.00 price target on shares of T-Mobile US in a research note on Friday, October 24th. Hsbc Global Res raised T-Mobile US from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 24th. Wolfe Research lowered their target price on T-Mobile US from $300.00 to $290.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 30th. Weiss Ratings restated a “buy (b-)” rating on shares of T-Mobile US in a research note on Tuesday. Finally, Wells Fargo & Company raised T-Mobile US from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $250.00 to $260.00 in a report on Thursday, October 16th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, T-Mobile US currently has an average rating of “Moderate Buy” and a consensus target price of $266.83.

Insider Activity

In other T-Mobile US news, Director G Michael Sievert sold 22,500 shares of the stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $216.97, for a total transaction of $4,881,825.00. Following the sale, the director directly owned 308,696 shares in the company, valued at $66,977,771.12. This represents a 6.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Srini Gopalan bought 9,800 shares of the company’s stock in a transaction dated Thursday, November 6th. The stock was purchased at an average price of $201.82 per share, with a total value of $1,977,836.00. Following the completion of the transaction, the chief executive officer directly owned 90,258 shares in the company, valued at approximately $18,215,869.56. This represents a 12.18% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders sold 1,579,501 shares of company stock worth $369,601,580. 0.37% of the stock is owned by company insiders.

T-Mobile US Trading Up 1.2%

Shares of NASDAQ:TMUS opened at $209.23 on Friday. The business’s 50 day simple moving average is $220.29 and its 200 day simple moving average is $233.28. T-Mobile US, Inc. has a 1 year low of $199.41 and a 1 year high of $276.49. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.89 and a quick ratio of 0.80. The company has a market capitalization of $234.02 billion, a P/E ratio of 20.12, a P/E/G ratio of 1.51 and a beta of 0.57.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.01. The firm had revenue of $21.96 billion during the quarter, compared to analysts’ expectations of $21.61 billion. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The company’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.61 EPS. On average, research analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal 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 given a dividend of $1.02 per share. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.88. This represents a $4.08 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, November 26th. T-Mobile US’s dividend payout ratio (DPR) is currently 39.23%.

About T-Mobile US

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.