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

TrinityPoint Wealth LLC reduced its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 1.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,487 shares of the Wireless communications provider’s stock after selling 382 shares during the quarter. TrinityPoint Wealth LLC’s holdings in T-Mobile US were worth $4,847,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. WASHINGTON TRUST Co increased its position in shares of T-Mobile US by 143.1% during the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 83 shares during the period. DT Investment Partners LLC increased its holdings in T-Mobile US by 65.3% during the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 47 shares during the period. Summit Securities Group LLC acquired a new stake in T-Mobile US in the 2nd quarter valued at about $27,000. Y.D. More Investments Ltd purchased a new position in shares of T-Mobile US in the 2nd quarter valued at about $27,000. Finally, MFA Wealth Advisors LLC boosted its stake in shares of T-Mobile US by 128.3% in the 3rd quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 77 shares during the period. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

T-Mobile US Price Performance

T-Mobile US stock opened at $235.61 on Monday. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99. The business has a 50 day simple moving average of $215.88 and a 200-day simple moving average of $192.83. T-Mobile US, Inc. has a 12 month low of $147.07 and a 12 month high of $242.43. The stock has a market capitalization of $273.42 billion, a PE ratio of 26.87, a price-to-earnings-growth ratio of 1.20 and a beta of 0.50.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, topping analysts’ consensus estimates of $2.32 by $0.29. The company had revenue of $20.16 billion during the quarter, compared to the consensus estimate of $20.01 billion. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. T-Mobile US’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.82 EPS. Equities analysts predict that T-Mobile US, Inc. will post 9.38 earnings per share for the current year.

T-Mobile US Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend is Wednesday, November 27th. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. T-Mobile US’s payout ratio is currently 40.14%.

Insiders Place Their Bets

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 transaction, the chief executive officer now owns 378,124 shares of the company’s stock, valued at $89,891,418.52. This represents a 5.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Raul Marcelo Claure sold 9,586 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $196.96, for a total value of $1,888,058.56. Following the completion of the sale, the director now directly owns 1,940,792 shares of the company’s stock, valued at approximately $382,258,392.32. This trade represents a 0.49 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 464,924 shares of company stock worth $97,427,925. Company insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Evercore ISI raised their price objective on shares of T-Mobile US from $220.00 to $240.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Daiwa America upgraded shares of T-Mobile US to a “hold” rating in a research report on Friday, October 25th. Oppenheimer increased their target price on shares of T-Mobile US from $215.00 to $250.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. UBS Group boosted their price target on shares of T-Mobile US from $210.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. raised their price objective on T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Three equities research 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’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $241.83.

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.