T-Mobile US, Inc. (NASDAQ:TMUS) Holdings Lowered by Park Avenue Securities LLC

Park Avenue Securities LLC lowered its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 5.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,848 shares of the Wireless communications provider’s stock after selling 1,347 shares during the quarter. Park Avenue Securities LLC’s holdings in T-Mobile US were worth $5,334,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. WASHINGTON TRUST Co lifted its holdings in shares of T-Mobile US by 143.1% in 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 in the last quarter. Summit Securities Group LLC purchased a new stake in T-Mobile US in the 2nd quarter worth about $27,000. Y.D. More Investments Ltd acquired a new stake in T-Mobile US during the 2nd quarter worth about $27,000. Westside Investment Management Inc. grew its stake in T-Mobile US by 75.8% during the 1st quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 75 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of T-Mobile US in the 2nd quarter valued at about $30,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Transactions at T-Mobile US

In other news, insider Jon Freier sold 10,000 shares of the firm’s stock in a transaction on 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 sale, the insider now owns 162,628 shares in the company, valued at approximately $29,577,154.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other T-Mobile US news, insider Michael J. Katz sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was 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 of the company’s stock, valued at $24,571,741.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jon Freier sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was 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 owns 162,628 shares of the company’s stock, valued at $29,577,154.36. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 306,492 shares of company stock worth $60,161,906 over the last three months. 0.67% of the stock is currently owned by insiders.

T-Mobile US Stock Performance

Shares of NASDAQ TMUS traded up $0.25 during trading hours on Friday, hitting $208.28. 2,654,939 shares of the stock were exchanged, 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 company’s 50 day moving average is $197.46 and its 200 day moving average is $179.32. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.84 and a quick ratio of 0.78. The firm has a market capitalization of $244.07 billion, a P/E ratio of 28.34, a P/E/G ratio of 1.07 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.22. The company had revenue of $19.77 billion during 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 quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.86 earnings per share. On average, research analysts expect that T-Mobile US, Inc. will post 9.13 EPS for the current year.

T-Mobile US Increases Dividend

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

Wall Street Analyst Weigh In

Several research firms recently commented on TMUS. JPMorgan Chase & Co. raised their price target on shares of T-Mobile US from $220.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, September 19th. Scotiabank lifted their target price on shares of T-Mobile US from $197.00 to $215.50 and gave the company a “sector outperform” rating in a research note on Thursday, September 19th. Raymond James downgraded shares of T-Mobile US from a “strong-buy” rating to an “outperform” rating and upped their price target for the stock from $208.00 to $221.00 in a research note on Wednesday. Oppenheimer lifted their price objective on T-Mobile US from $200.00 to $215.00 and gave the company an “outperform” rating in a research report on Thursday, September 19th. Finally, StockNews.com upgraded T-Mobile US from a “hold” rating to a “buy” rating in a research note on Tuesday, July 30th. Nineteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, T-Mobile US has a consensus rating of “Buy” and an average price target of $216.36.

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.