B. Riley Wealth Advisors Inc. Sells 1,721 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

B. Riley Wealth Advisors Inc. cut its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 6.8% during the 3rd quarter, Holdings Channel reports. The firm owned 23,563 shares of the Wireless communications provider’s stock after selling 1,721 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in T-Mobile US were worth $4,880,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in TMUS. Inspire Trust Co. N.A. raised its holdings in T-Mobile US by 9.8% in the 3rd quarter. Inspire Trust Co. N.A. now owns 11,512 shares of the Wireless communications provider’s stock valued at $2,376,000 after acquiring an additional 1,026 shares in the last quarter. Old North State Trust LLC increased its position in shares of T-Mobile US by 1.4% in the third quarter. Old North State Trust LLC now owns 3,637 shares of the Wireless communications provider’s stock worth $751,000 after purchasing an additional 50 shares during the period. Franklin Resources Inc. raised its stake in T-Mobile US by 9.9% in the third quarter. Franklin Resources Inc. now owns 6,553,703 shares of the Wireless communications provider’s stock valued at $1,448,426,000 after purchasing an additional 590,711 shares in the last quarter. Destination Wealth Management bought a new stake in T-Mobile US during the third quarter worth about $246,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in T-Mobile US during the third quarter worth about $1,375,000. 42.49% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO G Michael Sievert sold 20,000 shares of the stock in a transaction on Monday, November 11th. The shares were 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Srikant M. Datar sold 1,000 shares of T-Mobile US stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $247.19, for a total transaction of $247,190.00. Following the transaction, the director now directly owns 5,021 shares of the company’s stock, valued at $1,241,140.99. This represents a 16.61 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 208,869 shares of company stock valued at $47,018,239. Company insiders own 0.67% of the company’s stock.

T-Mobile US Stock Down 0.6 %

NASDAQ:TMUS opened at $231.94 on Friday. T-Mobile US, Inc. has a one year low of $153.84 and a one year high of $248.15. 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 company has a market cap of $269.16 billion, a PE ratio of 26.45, a P/E/G ratio of 1.20 and a beta of 0.53. The firm’s 50 day simple moving average is $230.57 and its 200 day simple moving average is $203.14.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results 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 for the quarter, compared to analyst estimates 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 revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.82 earnings per share. On average, research analysts anticipate that T-Mobile US, Inc. will post 9.38 earnings per share for the current year.

T-Mobile US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be given a $0.88 dividend. The ex-dividend date is Friday, February 28th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.52%. T-Mobile US’s dividend payout ratio (DPR) is presently 40.14%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. KeyCorp cut shares of T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 target price for the company. in a research report on Thursday. Bank of America upped their target price on T-Mobile US from $220.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Wells Fargo & Company lifted their price target on T-Mobile US from $230.00 to $240.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Tigress Financial upped their price objective on T-Mobile US from $235.00 to $280.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Finally, UBS Group raised their price objective on T-Mobile US from $210.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Five analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $245.42.

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.