Signature Estate & Investment Advisors LLC Has $2.38 Million Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Signature Estate & Investment Advisors LLC trimmed its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 39.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 11,516 shares of the Wireless communications provider’s stock after selling 7,388 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in T-Mobile US were worth $2,376,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Kingsview Wealth Management LLC boosted its position in T-Mobile US by 5.5% during the first quarter. Kingsview Wealth Management LLC now owns 4,454 shares of the Wireless communications provider’s stock worth $727,000 after purchasing an additional 234 shares during the period. Orion Portfolio Solutions LLC boosted its holdings in shares of T-Mobile US by 1.6% during the 1st quarter. Orion Portfolio Solutions LLC now owns 21,079 shares of the Wireless communications provider’s stock worth $3,441,000 after buying an additional 334 shares during the period. Dorsey & Whitney Trust CO LLC boosted its holdings in shares of T-Mobile US by 5.6% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 5,763 shares of the Wireless communications provider’s stock worth $941,000 after buying an additional 306 shares during the period. Cumberland Partners Ltd grew its stake in T-Mobile US by 83.3% in the 1st quarter. Cumberland Partners Ltd now owns 5,500 shares of the Wireless communications provider’s stock valued at $898,000 after buying an additional 2,500 shares during the last quarter. Finally, Tocqueville Asset Management L.P. lifted its position in T-Mobile US by 24.9% during the 1st quarter. Tocqueville Asset Management L.P. now owns 1,692 shares of the Wireless communications provider’s stock worth $276,000 after acquiring an additional 337 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TMUS. StockNews.com raised T-Mobile US from a “hold” rating to a “buy” rating in a research report on Tuesday, July 30th. Raymond James lowered T-Mobile US from an “outperform” rating to a “market perform” rating in a report on Friday, October 25th. JPMorgan Chase & Co. upped their price target on T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Royal Bank of Canada increased their price objective on T-Mobile US from $232.00 to $255.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Finally, UBS Group boosted their target price on shares of T-Mobile US from $210.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $241.83.

Insider Transactions at T-Mobile US

In related news, CEO G Michael Sievert sold 20,000 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $237.73, for a total transaction of $4,754,600.00. Following the completion of the sale, the chief executive officer now directly owns 378,124 shares in the company, valued at $89,891,418.52. This represents a 5.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michael J. Katz sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $205.30, for a total transaction 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 2.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 464,924 shares of company stock worth $97,427,925 in the last three months. Insiders own 0.67% of the company’s stock.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $237.75 on Friday. T-Mobile US, Inc. has a 1-year low of $145.77 and a 1-year high of $242.43. The firm has a market cap of $275.91 billion, a price-to-earnings ratio of 27.11, a PEG ratio of 1.23 and a beta of 0.50. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. The company has a 50 day moving average of $214.22 and a 200-day moving average of $191.62.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, beating analysts’ consensus estimates of $2.32 by $0.29. The company had revenue of $20.16 billion for the quarter, compared to the consensus estimate of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.82 EPS. On average, equities analysts forecast that T-Mobile US, Inc. will post 9.36 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The company 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 dividend of $0.88 per share. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend is Wednesday, November 27th. T-Mobile US’s dividend payout ratio is currently 29.65%.

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.