Circle Wealth Management LLC Sells 156 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Circle Wealth Management LLC lessened its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 2.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,708 shares of the Wireless communications provider’s stock after selling 156 shares during the period. Circle Wealth Management LLC’s holdings in T-Mobile US were worth $1,358,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in TMUS. WASHINGTON TRUST Co grew its position in T-Mobile US by 143.1% in the 2nd quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 83 shares during the period. Summit Securities Group LLC bought a new stake in T-Mobile US in the 2nd quarter worth approximately $27,000. Y.D. More Investments Ltd bought a new stake in T-Mobile US in the 2nd quarter worth approximately $27,000. Westside Investment Management Inc. grew its position in T-Mobile US by 75.8% in the 1st quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 75 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in T-Mobile US in the 2nd quarter worth approximately $30,000. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Down 0.1 %

Shares of TMUS stock opened at $199.44 on Friday. The stock has a market cap of $233.71 billion, a P/E ratio of 27.13, a PEG ratio of 0.74 and a beta of 0.51. T-Mobile US, Inc. has a 52 week low of $135.82 and a 52 week high of $206.30. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.22. The company’s fifty day simple moving average is $192.29 and its two-hundred day simple moving average is $176.53.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, topping the consensus estimate of $2.27 by $0.22. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The business had revenue of $19.77 billion for the quarter, compared to analysts’ expectations of $19.61 billion. During the same quarter in the previous year, the company earned $1.86 EPS. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. Analysts predict that T-Mobile US, Inc. will post 9.18 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.76%. T-Mobile US’s payout ratio is 35.37%.

Insider Transactions at T-Mobile US

In other news, Director Raul Marcelo Claure sold 132,309 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $196.74, for a total value of $26,030,472.66. Following the sale, the director now directly owns 1,551,204 shares in the company, valued at approximately $305,183,874.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Telekom Ag Deutsche sold 133,461 shares of the stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $175.86, for a total value of $23,470,451.46. Following the sale, the director now directly owns 670,545,206 shares of the company’s stock, valued at approximately $117,922,079,927.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Raul Marcelo Claure sold 132,309 shares of the stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $196.74, for a total transaction of $26,030,472.66. Following the completion of the sale, the director now directly owns 1,551,204 shares in the company, valued at $305,183,874.96. The disclosure for this sale can be found here. Insiders have sold a total of 706,875 shares of company stock worth $130,909,198 in the last three months. Insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

TMUS has been the subject of a number of research analyst reports. Tigress Financial lifted their target price on shares of T-Mobile US from $205.00 to $235.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Oppenheimer lifted their price target on shares of T-Mobile US from $200.00 to $215.00 and gave the stock an “outperform” rating in a research note on Thursday. StockNews.com upgraded shares of T-Mobile US from a “hold” rating to a “buy” rating in a research note on Tuesday, July 30th. The Goldman Sachs Group started coverage on shares of T-Mobile US in a research note on Monday, July 1st. They set a “buy” rating and a $200.00 price target on the stock. Finally, Morgan Stanley lifted their price target on shares of T-Mobile US from $191.00 to $209.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Eighteen investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $211.92.

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.