T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by Brighton Jones LLC

Brighton Jones LLC reduced its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 7.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 265,067 shares of the Wireless communications provider’s stock after selling 21,559 shares during the period. T-Mobile US accounts for approximately 1.6% of Brighton Jones LLC’s holdings, making the stock its 7th biggest position. Brighton Jones LLC’s holdings in T-Mobile US were worth $43,264,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Sei Investments Co. raised its holdings in shares of T-Mobile US by 3.1% in the 4th quarter. Sei Investments Co. now owns 184,478 shares of the Wireless communications provider’s stock worth $29,574,000 after purchasing an additional 5,552 shares in the last quarter. GSA Capital Partners LLP bought a new stake in shares of T-Mobile US in the 1st quarter worth approximately $1,908,000. Pacer Advisors Inc. raised its holdings in shares of T-Mobile US by 31.4% in the 4th quarter. Pacer Advisors Inc. now owns 107,660 shares of the Wireless communications provider’s stock worth $17,261,000 after purchasing an additional 25,700 shares in the last quarter. Caprock Group LLC raised its holdings in shares of T-Mobile US by 105.8% in the 4th quarter. Caprock Group LLC now owns 23,063 shares of the Wireless communications provider’s stock worth $3,698,000 after purchasing an additional 11,854 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its holdings in shares of T-Mobile US by 41.9% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 16,185 shares of the Wireless communications provider’s stock worth $2,595,000 after purchasing an additional 4,777 shares in the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

T-Mobile US Stock Down 0.1 %

T-Mobile US stock traded down $0.24 during trading hours on Friday, hitting $182.05. The company had a trading volume of 2,450,374 shares, compared to its average volume of 4,769,392. The firm has a market capitalization of $213.34 billion, a P/E ratio of 24.82, a price-to-earnings-growth ratio of 0.72 and a beta of 0.51. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.94 and a quick ratio of 0.86. The firm’s fifty day moving average is $174.44 and its 200-day moving average is $166.71. T-Mobile US, Inc. has a fifty-two week low of $131.47 and a fifty-two week high of $185.42.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 EPS for the quarter, topping the consensus estimate of $1.83 by $0.17. The company had revenue of $19.59 billion during the quarter, compared to the consensus estimate of $19.81 billion. T-Mobile US had a net margin of 11.15% and a return on equity of 13.61%. The company’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.58 earnings per share. On average, research analysts forecast that T-Mobile US, Inc. will post 9.02 earnings per share for the current year.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Friday, August 30th will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend is Friday, August 30th. T-Mobile US’s dividend payout ratio is 35.37%.

Wall Street Analyst Weigh In

A number of research firms recently commented on TMUS. Citigroup boosted their target price on shares of T-Mobile US from $184.00 to $210.00 and gave the stock a “buy” rating in a report on Friday. Benchmark restated a “buy” rating and set a $200.00 price target on shares of T-Mobile US in a report on Wednesday, May 29th. TD Cowen cut their price target on shares of T-Mobile US from $204.00 to $202.00 and set a “buy” rating on the stock in a report on Friday, April 26th. Royal Bank of Canada boosted their price target on shares of T-Mobile US from $184.00 to $188.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Finally, StockNews.com lowered shares of T-Mobile US from a “buy” rating to a “hold” rating in a report on Tuesday. One analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, T-Mobile US presently has an average rating of “Buy” and an average price target of $194.07.

Insiders Place Their Bets

In other T-Mobile US news, insider Michael J. Katz sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $177.59, for a total value of $532,770.00. Following the completion of the sale, the insider now directly owns 122,687 shares of the company’s stock, valued at $21,787,984.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Michael J. Katz sold 3,000 shares of the company’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $177.59, for a total transaction of $532,770.00. Following the completion of the sale, the insider now directly owns 122,687 shares of the company’s stock, valued at approximately $21,787,984.33. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Telekom Ag Deutsche sold 189,670 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $162.43, for a total transaction of $30,808,098.10. Following the sale, the director now directly owns 676,969,021 shares of the company’s stock, valued at $109,960,078,081.03. The disclosure for this sale can be found here. Insiders sold 5,147,808 shares of company stock valued at $870,504,339 over the last ninety days. Corporate insiders own 0.67% of the company’s stock.

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.