Smart Portfolios LLC Reduces Holdings in T-Mobile US, Inc. $TMUS

Smart Portfolios LLC lowered its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 2.7% in the second quarter, Holdings Channel reports. The firm owned 3,088 shares of the Wireless communications provider’s stock after selling 86 shares during the quarter. Smart Portfolios LLC’s holdings in T-Mobile US were worth $736,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Activest Wealth Management boosted its stake 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 worth $25,000 after purchasing an additional 94 shares during the period. Missouri Trust & Investment Co boosted its stake in T-Mobile US by 807.7% during the 2nd 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 during the period. Stone House Investment Management LLC acquired a new stake in T-Mobile US during the 1st quarter worth $29,000. TCTC Holdings LLC boosted its stake in T-Mobile US by 208.1% during the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider’s stock worth $30,000 after purchasing an additional 77 shares during the period. Finally, Tsfg LLC acquired a new stake in T-Mobile US during the 1st quarter worth $47,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Stock Up 1.9%

TMUS stock opened at $229.42 on Wednesday. T-Mobile US, Inc. has a one year low of $208.39 and a one year high of $276.49. The stock has a market capitalization of $258.19 billion, a PE ratio of 21.64, a price-to-earnings-growth ratio of 1.54 and a beta of 0.59. 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 company has a fifty day moving average of $242.85 and a 200-day moving average of $242.34.

T-Mobile US (NASDAQ:TMUS) last released 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. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The company had revenue of $21.13 billion during the quarter, compared to analysts’ expectations of $20.99 billion. During the same quarter last year, the business earned $2.49 EPS. The business’s revenue was up 6.9% on a year-over-year basis. As a group, analysts expect that T-Mobile US, Inc. will post 10.37 EPS 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. Investors of record on Wednesday, November 26th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 1.8%. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.88. The ex-dividend date is Wednesday, November 26th. T-Mobile US’s dividend payout ratio (DPR) is 33.21%.

Insider Activity at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 64,426 shares of the firm’s stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $226.15, for a total value of $14,569,939.90. Following the completion of the sale, the director owned 627,846,473 shares in the company, valued at $141,987,479,868.95. This trade represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 2,418,333 shares of company stock valued at $584,293,759 in the last ninety days. 0.37% of the stock is owned by company insiders.

Analyst Ratings Changes

TMUS has been the subject of a number of recent research reports. Rothschild & Co Redburn upgraded shares of T-Mobile US from a “sell” rating to a “neutral” rating and set a $228.00 price target for the company in a research note on Monday, July 7th. Benchmark increased their price target on shares of T-Mobile US from $275.00 to $295.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. Scotiabank increased their price target on shares of T-Mobile US from $271.50 to $278.00 and gave the stock a “sector outperform” rating in a research note on Monday, October 6th. KeyCorp restated an “underweight” rating and issued a $200.00 target price on shares of T-Mobile US in a research note on Wednesday, July 9th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of T-Mobile US in a research note on Wednesday, October 8th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $265.13.

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.