T-Mobile US, Inc. $TMUS Shares Sold by Connable Office Inc.

Connable Office Inc. reduced its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 16.0% in the 2nd quarter, HoldingsChannel reports. The firm owned 11,263 shares of the Wireless communications provider’s stock after selling 2,141 shares during the period. Connable Office Inc.’s holdings in T-Mobile US were worth $2,684,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in TMUS. Golden State Wealth Management LLC raised its holdings in T-Mobile US by 68.3% during the first quarter. Golden State Wealth Management LLC now owns 345 shares of the Wireless communications provider’s stock worth $92,000 after purchasing an additional 140 shares in the last quarter. OneDigital Investment Advisors LLC raised its holdings in T-Mobile US by 17.2% during the first quarter. OneDigital Investment Advisors LLC now owns 6,180 shares of the Wireless communications provider’s stock worth $1,648,000 after purchasing an additional 909 shares in the last quarter. Strategic Blueprint LLC raised its holdings in T-Mobile US by 15.6% during the first quarter. Strategic Blueprint LLC now owns 1,171 shares of the Wireless communications provider’s stock worth $312,000 after purchasing an additional 158 shares in the last quarter. Capital Investment Advisory Services LLC purchased a new position in T-Mobile US during the first quarter worth about $249,000. Finally, World Investment Advisors raised its holdings in T-Mobile US by 8.5% during the first quarter. World Investment Advisors now owns 1,840 shares of the Wireless communications provider’s stock worth $491,000 after purchasing an additional 144 shares in the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on TMUS. Zacks Research cut shares of T-Mobile US from a “hold” rating to a “strong sell” rating in a report on Monday, October 27th. Deutsche Bank Aktiengesellschaft increased their target price on shares of T-Mobile US from $280.00 to $300.00 in a report on Thursday, October 2nd. Hsbc Global Res raised shares of T-Mobile US from a “hold” rating to a “strong-buy” rating in a report on Friday, October 24th. Scotiabank increased 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 report on Monday, October 6th. Finally, Bank of America initiated coverage on shares of T-Mobile US in a report on Monday, July 7th. They issued a “neutral” rating and a $255.00 target price for the company. Three analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, T-Mobile US presently has a consensus rating of “Moderate Buy” and a consensus price target of $266.63.

T-Mobile US Trading Down 3.2%

Shares of TMUS opened at $203.32 on Tuesday. 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 firm has a 50 day simple moving average of $234.21 and a 200-day simple moving average of $238.40. T-Mobile US, Inc. has a 1-year low of $202.73 and a 1-year high of $276.49. The stock has a market cap of $227.41 billion, a price-to-earnings ratio of 19.55, a price-to-earnings-growth ratio of 1.51 and a beta of 0.59.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.40 by $0.01. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The business had revenue of $21.96 billion during the quarter, compared to analysts’ expectations of $21.61 billion. During the same period last year, the company posted $2.61 EPS. The company’s revenue was up 8.9% on a year-over-year basis. Equities analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The firm 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 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. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.0%. T-Mobile US’s dividend payout ratio is 39.23%.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $250.87, for a total value of $17,520,760.80. Following the completion of the sale, the director directly owned 636,271,724 shares of the company’s stock, valued at approximately $159,621,487,399.88. The trade was a 0.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders have sold 2,252,901 shares of company stock worth $540,251,450. Company insiders own 0.37% of the company’s stock.

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.