Waycross Investment Management Co Sells 552 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Waycross Investment Management Co lowered its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 6.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,398 shares of the Wireless communications provider’s stock after selling 552 shares during the quarter. T-Mobile US accounts for about 1.6% of Waycross Investment Management Co’s investment portfolio, making the stock its 17th largest position. Waycross Investment Management Co’s holdings in T-Mobile US were worth $1,733,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Cetera Advisor Networks LLC lifted its holdings in shares of T-Mobile US by 9.3% in the fourth quarter. Cetera Advisor Networks LLC now owns 33,973 shares of the Wireless communications provider’s stock worth $5,447,000 after buying an additional 2,888 shares in the last quarter. Exencial Wealth Advisors LLC bought a new position in shares of T-Mobile US during the 4th quarter valued at about $335,000. Stephens Inc. AR grew its position in shares of T-Mobile US by 2.8% during the fourth quarter. Stephens Inc. AR now owns 12,360 shares of the Wireless communications provider’s stock valued at $1,982,000 after purchasing an additional 332 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of T-Mobile US by 33.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 591,471 shares of the Wireless communications provider’s stock worth $94,831,000 after purchasing an additional 147,547 shares during the last quarter. Finally, Morningstar Investment Services LLC purchased a new stake in shares of T-Mobile US in the fourth quarter worth about $299,000. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Trading Up 0.1 %

T-Mobile US stock traded up $0.25 during mid-day trading on Friday, hitting $208.28. The company’s stock had a trading volume of 2,654,939 shares, compared to its average volume of 4,566,402. T-Mobile US, Inc. has a one year low of $136.84 and a one year high of $209.26. The stock has a market cap of $244.07 billion, a PE ratio of 28.34, a P/E/G ratio of 1.07 and a beta of 0.51. The company has a 50 day moving average of $197.46 and a 200-day moving average of $179.45. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.78 and a current ratio of 0.84.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.22. The firm had revenue of $19.77 billion for the quarter, compared to analysts’ expectations of $19.61 billion. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.86 earnings per share. On average, research analysts anticipate that T-Mobile US, Inc. will post 9.13 EPS for the current year.

T-Mobile US Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $3.52 annualized dividend and a yield of 1.69%. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. T-Mobile US’s dividend payout ratio is 47.89%.

Insider Buying and Selling at T-Mobile US

In related news, insider Jon Freier sold 10,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $181.87, for a total value of $1,818,700.00. Following the completion of the sale, the insider now directly owns 162,628 shares of the company’s stock, valued at $29,577,154.36. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other T-Mobile US news, insider Jon Freier sold 10,000 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $181.87, for a total transaction of $1,818,700.00. Following the completion of the sale, the insider now owns 162,628 shares in the company, valued at $29,577,154.36. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael J. Katz sold 3,000 shares of T-Mobile US stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $205.30, for a total value of $615,900.00. Following the completion of the transaction, the insider now owns 119,687 shares in the company, valued at $24,571,741.10. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 306,492 shares of company stock valued at $60,161,906 in the last ninety days. Corporate insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TMUS. StockNews.com upgraded T-Mobile US from a “hold” rating to a “buy” rating in a report on Tuesday, July 30th. Oppenheimer boosted 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 report on Thursday, September 19th. TD Cowen increased their price objective on shares of T-Mobile US from $202.00 to $216.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Evercore ISI lifted their price objective on shares of T-Mobile US from $210.00 to $220.00 and gave the stock an “outperform” rating in a research note on Thursday, September 19th. Finally, Sanford C. Bernstein upgraded shares of T-Mobile US to a “strong-buy” rating in a research report on Wednesday, July 31st. Nineteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $216.36.

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.