Creative Planning Trims Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Creative Planning lessened its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 7.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 104,974 shares of the Wireless communications provider’s stock after selling 8,571 shares during the quarter. Creative Planning’s holdings in T-Mobile US were worth $20,715,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. CX Institutional raised its position in shares of T-Mobile US by 21.5% during the 3rd quarter. CX Institutional now owns 30,400 shares of the Wireless communications provider’s stock valued at $6,273,000 after buying an additional 5,378 shares during the period. Sivia Capital Partners LLC increased its holdings in T-Mobile US by 3.7% in the 3rd quarter. Sivia Capital Partners LLC now owns 1,995 shares of the Wireless communications provider’s stock valued at $412,000 after purchasing an additional 71 shares during the last quarter. Procyon Advisors LLC increased its holdings in T-Mobile US by 4.0% in the 3rd quarter. Procyon Advisors LLC now owns 18,247 shares of the Wireless communications provider’s stock valued at $3,765,000 after purchasing an additional 697 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in T-Mobile US by 1,028.7% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,280 shares of the Wireless communications provider’s stock valued at $470,000 after purchasing an additional 2,078 shares during the last quarter. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its holdings in T-Mobile US by 11.2% in the 3rd quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 159,983 shares of the Wireless communications provider’s stock valued at $33,014,000 after purchasing an additional 16,085 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insider Transactions at T-Mobile US

In related news, EVP Mark Wolfe Nelson sold 42,769 shares of the company’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $216.26, for a total value of $9,249,223.94. Following the completion of the sale, the executive vice president now directly owns 61,871 shares of the company’s stock, valued at $13,380,222.46. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Michael J. Katz sold 3,000 shares of the company’s 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 sale, the insider now owns 119,687 shares in the company, valued at $24,571,741.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark Wolfe Nelson sold 42,769 shares of the company’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $216.26, for a total transaction of $9,249,223.94. Following the completion of the sale, the executive vice president now owns 61,871 shares of the company’s stock, valued at approximately $13,380,222.46. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 349,261 shares of company stock worth $69,411,130. Corporate insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TMUS. Tigress Financial lifted their target price on shares of T-Mobile US from $205.00 to $235.00 and gave the company a “buy” rating in a report on Monday, August 12th. Wells Fargo & Company lifted their target price 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. KeyCorp lifted their target price 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. Scotiabank downgraded shares of T-Mobile US from a “sector outperform” rating to a “sector perform” rating and lifted their target price for the company from $215.50 to $236.00 in a report on Friday. Finally, Benchmark boosted their price target on shares of T-Mobile US from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. One research analyst has rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $217.50.

T-Mobile US Stock Performance

Shares of TMUS stock opened at $223.21 on Monday. 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 has a fifty day moving average price of $203.23 and a 200 day moving average price of $183.34. The company has a market cap of $261.57 billion, a P/E ratio of 30.37, a PEG ratio of 1.12 and a beta of 0.51. T-Mobile US, Inc. has a 12 month low of $136.85 and a 12 month high of $223.45.

T-Mobile US (NASDAQ:TMUS) last issued its 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 during the quarter, compared to the consensus estimate of $19.61 billion. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The company’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.86 earnings per share. Sell-side analysts predict that T-Mobile US, Inc. will post 9.14 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be given a dividend of $0.88 per share. The ex-dividend date is Wednesday, November 27th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.58%. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. T-Mobile US’s payout ratio is 47.89%.

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.