LGT Capital Partners LTD. Has $13.35 Million Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

LGT Capital Partners LTD. trimmed its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 12.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 64,710 shares of the Wireless communications provider’s stock after selling 9,310 shares during the period. LGT Capital Partners LTD.’s holdings in T-Mobile US were worth $13,354,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fifth Third Wealth Advisors LLC grew its holdings in T-Mobile US by 18.7% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 15,595 shares of the Wireless communications provider’s stock valued at $3,218,000 after buying an additional 2,454 shares in the last quarter. Prospera Financial Services Inc grew its holdings in T-Mobile US by 40.4% in the 3rd quarter. Prospera Financial Services Inc now owns 6,849 shares of the Wireless communications provider’s stock valued at $1,414,000 after buying an additional 1,972 shares in the last quarter. OneAscent Financial Services LLC acquired a new stake in shares of T-Mobile US during the 3rd quarter worth $908,000. Chesapeake Wealth Management grew its holdings in shares of T-Mobile US by 3.2% during the 3rd quarter. Chesapeake Wealth Management now owns 5,224 shares of the Wireless communications provider’s stock worth $1,078,000 after purchasing an additional 162 shares in the last quarter. Finally, Pathstone Holdings LLC grew its holdings in shares of T-Mobile US by 8.2% during the 3rd quarter. Pathstone Holdings LLC now owns 79,162 shares of the Wireless communications provider’s stock worth $16,336,000 after purchasing an additional 5,974 shares in the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other T-Mobile US news, Director Raul Marcelo Claure sold 1,572 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $196.00, for a total value of $308,112.00. Following the completion of the sale, the director now owns 1,824,632 shares of the company’s stock, valued at approximately $357,627,872. This trade represents a 0.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO G Michael Sievert sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $237.73, for a total value of $4,754,600.00. Following the completion of the sale, the chief executive officer now directly owns 378,124 shares of the company’s stock, valued at $89,891,418.52. This trade represents a 5.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 455,338 shares of company stock valued at $95,539,866 over the last 90 days. Company insiders own 0.67% of the company’s stock.

T-Mobile US Price Performance

T-Mobile US stock opened at $237.03 on Tuesday. 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 market capitalization of $275.07 billion, a PE ratio of 27.03, a P/E/G ratio of 1.20 and a beta of 0.50. T-Mobile US, Inc. has a 12 month low of $147.24 and a 12 month high of $242.43. The stock has a 50-day moving average price of $216.71 and a two-hundred day moving average price of $193.34.

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

T-Mobile US Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be paid a dividend of $0.88 per share. The ex-dividend date is Wednesday, November 27th. This represents a $3.52 annualized dividend and a yield of 1.49%. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. T-Mobile US’s dividend payout ratio (DPR) is currently 29.65%.

Analysts Set New Price Targets

Several analysts have recently issued reports on TMUS shares. Benchmark increased their target price on T-Mobile US from $250.00 to $255.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Oppenheimer increased their target price on T-Mobile US from $215.00 to $250.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. KeyCorp increased their target price on T-Mobile US from $230.00 to $252.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. The Goldman Sachs Group increased their target price on T-Mobile US from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, Tigress Financial upped their price objective on T-Mobile US from $205.00 to $235.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $241.83.

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.