T-Mobile US, Inc. $TMUS Stock Sold by Brighton Jones LLC

Brighton Jones LLC reduced its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 3.2% during the third quarter, HoldingsChannel.com reports. The fund owned 139,674 shares of the Wireless communications provider’s stock after selling 4,544 shares during the quarter. Brighton Jones LLC’s holdings in T-Mobile US were worth $22,778,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of TMUS. BlackRock Inc. bought a new position in shares of T-Mobile US during the 2nd quarter valued at about $6,625,275,000. Bank of New York Mellon Corp purchased a new position in shares of T-Mobile US during the second quarter valued at about $839,194,000. Bank of America Corp DE bought a new stake in shares of T-Mobile US in the second quarter worth about $758,977,000. Legal & General Group Plc bought a new stake in shares of T-Mobile US in the second quarter worth about $583,675,000. Finally, Deutsche Bank AG purchased a new stake in shares of T-Mobile US in the second quarter worth about $349,928,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Analyst Ratings Changes

TMUS has been the subject of a number of research reports. JPMorgan Chase & Co. dropped their price target on T-Mobile US from $260.00 to $235.00 and set an “overweight” rating for the company in a research note on Thursday, October 29th. Raymond James Financial raised T-Mobile US from a “market perform” rating to an “outperform” rating and set a $170.00 price objective on the stock in a research note on Monday, October 12th. Moffett Nathanson upped their price objective on T-Mobile US from $242.00 to $246.00 and gave the stock a “buy” rating in a report on Tuesday, September 22nd. Wells Fargo & Company decreased their price objective on T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating on the stock in a report on Friday, July 24th. Finally, Barclays lowered their target price on T-Mobile US from $215.00 to $200.00 and set an “overweight” rating for the company in a research report on Tuesday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, T-Mobile US currently has a consensus rating of “Moderate Buy” and an average target price of $238.25.

T-Mobile US Stock Performance

T-Mobile US stock opened at $162.01 on Friday. The company’s 50-day moving average price is $164.96 and its 200-day moving average price is $186.19. T-Mobile US, Inc. has a twelve month low of $143.75 and a twelve month high of $224.75. The company has a quick ratio of 0.78, a current ratio of 0.91 and a debt-to-equity ratio of 1.45. The company has a market cap of $171.61 billion, a PE ratio of 15.64, a price-to-earnings-growth ratio of 0.94 and a beta of 0.40.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, October 28th. The Wireless communications provider reported $3.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.89 by $0.33. T-Mobile US had a net margin of 12.05% and a return on equity of 21.47%. The firm had revenue of $23.58 billion for the quarter, compared to analysts’ expectations of $23.15 billion. During the same period in the prior year, the company earned $2.41 EPS. The business’s revenue was up 7.4% compared to the same quarter last year. On average, equities research analysts forecast that T-Mobile US, Inc. will post 11.44 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Wednesday, November 25th will be paid a dividend of $1.17 per share. The ex-dividend date of this dividend is Wednesday, November 25th. This is an increase from T-Mobile US’s previous quarterly dividend of $1.02. This represents a $4.68 annualized dividend and a yield of 2.9%. T-Mobile US’s payout ratio is presently 45.17%.

Trending Headlines about T-Mobile US

Here are the key news stories impacting T-Mobile US this week:

• Positive Sentiment: T-Mobile launched T-Mix customizable wireless plans and 5 Gig fiber service, with a 10-year price guarantee on the fiber offer. The products could help attract and retain customers and encourage bundled services, but their contribution to results remains to be seen. Article: T Mobile US Launches T Mix And 5 Gig Fiber
• Neutral Sentiment: Zacks highlighted TMUS as a value stock, while other coverage described it as a long-term growth stock. These are investment-style assessments rather than new company or earnings developments. Article: Here’s Why T-Mobile Is a Strong Value Stock
• Negative Sentiment: ETFs were net sellers of T-Mobile shares on Nov. 3, selling $24.5 million overall. The report noted that 32 funds bought shares and nine sold, so the flow data offers a limited signal rather than clear broad-based selling pressure. Article: ETFs Are Net Sellers of T-Mobile

Insiders Place Their Bets

In other T-Mobile US news, CAO Daniel James Drobac sold 772 shares of the company’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $178.33, for a total transaction of $137,670.76. Following the sale, the chief accounting officer directly owned 35,118 shares in the company, valued at $6,262,592.94. This represents a 2.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.32% of the stock is owned by insiders.

T-Mobile US Company Profile

T-Mobile US, Inc is a wireless communications provider serving consumers, businesses and government customers in the United States. Its services include wireless voice, messaging and data, as well as broadband internet delivered over its wireless network.

The company offers service under the T-Mobile and Metro by T-Mobile brands. Its products and services include mobile plans, smartphones and other connected devices, home internet, and solutions for business customers.

T-Mobile traces its roots to VoiceStream Wireless, which Deutsche Telekom acquired in 2001.