ProShare Advisors LLC Has $191.60 Million Position in T-Mobile US, Inc. (NASDAQ:TMUS)

ProShare Advisors LLC lowered its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 11.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,087,508 shares of the Wireless communications provider’s stock after selling 146,359 shares during the quarter. ProShare Advisors LLC owned 0.09% of T-Mobile US worth $191,597,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of TMUS. WASHINGTON TRUST Co grew its holdings in T-Mobile US by 143.1% during the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 83 shares during the period. Summit Securities Group LLC acquired a new position in T-Mobile US during the second quarter valued at approximately $27,000. Y.D. More Investments Ltd acquired a new position in T-Mobile US during the second quarter valued at approximately $27,000. Westside Investment Management Inc. grew its holdings in T-Mobile US by 75.8% during the first quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 75 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in T-Mobile US during the second quarter valued at approximately $30,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $199.44 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 1.22. The firm’s fifty day moving average price is $192.29 and its two-hundred day moving average price is $176.53. T-Mobile US, Inc. has a 1 year low of $135.82 and a 1 year high of $206.30. The firm has a market capitalization of $233.71 billion, a P/E ratio of 27.13, a price-to-earnings-growth ratio of 0.74 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share (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 firm had revenue of $19.77 billion for the quarter, compared to analyst estimates of $19.61 billion. During the same period in the prior year, the firm posted $1.86 earnings per share. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. As a group, research analysts anticipate that T-Mobile US, Inc. will post 9.18 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 12th. Stockholders of record on Wednesday, November 27th will be given a $0.88 dividend. The ex-dividend date is Wednesday, November 27th. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 annualized dividend and a dividend yield of 1.76%. T-Mobile US’s dividend payout ratio is presently 35.37%.

Insider Activity

In other news, CEO G Michael Sievert sold 20,000 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $194.57, for a total value of $3,891,400.00. Following the transaction, the chief executive officer now directly owns 418,124 shares of the company’s stock, valued at $81,354,386.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO G Michael Sievert sold 20,000 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $194.57, for a total value of $3,891,400.00. Following the transaction, the chief executive officer now directly owns 418,124 shares of the company’s stock, valued at $81,354,386.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Raul Marcelo Claure sold 1,572 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $196.00, for a total transaction of $308,112.00. Following the completion of the transaction, the director now directly owns 1,824,632 shares in the company, valued at $357,627,872. The disclosure for this sale can be found here. Insiders have sold 706,875 shares of company stock valued at $130,909,198 over the last ninety days. 0.67% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TMUS. Citigroup upped their price target on shares of T-Mobile US from $184.00 to $210.00 and gave the company a “buy” rating in a report on Friday, July 19th. Benchmark upped their price target on shares of T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a report on Friday. The Goldman Sachs Group began coverage on shares of T-Mobile US in a report on Monday, July 1st. They issued a “buy” rating and a $200.00 price target for the company. KeyCorp upped their price target on shares of T-Mobile US from $190.00 to $230.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Finally, Wells Fargo & Company upped their price target on shares of T-Mobile US from $200.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, September 12th. Eighteen research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $211.92.

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.