NBC Securities Inc. Trims Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

NBC Securities Inc. lowered its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 3.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,538 shares of the Wireless communications provider’s stock after selling 836 shares during the quarter. NBC Securities Inc.’s holdings in T-Mobile US were worth $5,476,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Davis Investment Partners LLC lifted its holdings in shares of T-Mobile US by 0.6% in the 3rd quarter. Davis Investment Partners LLC now owns 8,223 shares of the Wireless communications provider’s stock worth $1,711,000 after buying an additional 51 shares during the period. Compton Wealth Advisory Group LLC lifted its position in shares of T-Mobile US by 0.4% in the 2nd quarter. Compton Wealth Advisory Group LLC now owns 15,009 shares of the Wireless communications provider’s stock worth $2,644,000 after purchasing an additional 56 shares during the period. Benjamin Edwards Inc. boosted its stake in shares of T-Mobile US by 0.7% during the second quarter. Benjamin Edwards Inc. now owns 8,331 shares of the Wireless communications provider’s stock valued at $1,468,000 after purchasing an additional 56 shares in the last quarter. Anfield Capital Management LLC increased its holdings in T-Mobile US by 18.7% during the second quarter. Anfield Capital Management LLC now owns 362 shares of the Wireless communications provider’s stock valued at $64,000 after buying an additional 57 shares during the period. Finally, Capital Advisors Ltd. LLC lifted its holdings in T-Mobile US by 22.6% during the second quarter. Capital Advisors Ltd. LLC now owns 315 shares of the Wireless communications provider’s stock worth $55,000 after buying an additional 58 shares during the period. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Price Performance

NASDAQ:TMUS traded up $1.54 during trading hours on Tuesday, reaching $217.45. 684,963 shares of the company were exchanged, compared to its average volume of 4,485,806. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 1.22. The firm has a market cap of $254.82 billion, a PE ratio of 29.38, a price-to-earnings-growth ratio of 1.12 and a beta of 0.51. T-Mobile US, Inc. has a twelve month low of $136.85 and a twelve month high of $218.20. The stock’s 50-day moving average is $200.96 and its 200-day moving average is $181.71.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.22. The business had revenue of $19.77 billion during the quarter, compared to analysts’ expectations of $19.61 billion. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The company’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.86 earnings per share. On average, sell-side analysts anticipate that T-Mobile US, Inc. will post 9.14 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend is Wednesday, November 27th. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. T-Mobile US’s dividend payout ratio (DPR) is 47.89%.

Insider Transactions at T-Mobile US

In other news, EVP Deeanne King sold 15,437 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $190.00, for a total transaction of $2,933,030.00. Following the completion of the sale, the executive vice president now owns 35,588 shares of the company’s stock, valued at $6,761,720. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Deeanne King sold 15,437 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $190.00, for a total transaction of $2,933,030.00. Following the transaction, the executive vice president now directly owns 35,588 shares in the company, valued at $6,761,720. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Raul Marcelo Claure sold 9,586 shares of the stock in a transaction that occurred 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 represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 306,492 shares of company stock valued at $60,161,906 over the last ninety days. Insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Citigroup lifted their target price on T-Mobile US from $184.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, July 19th. The Goldman Sachs Group began coverage on T-Mobile US in a report on Monday, July 1st. They issued a “buy” rating and a $200.00 price target for the company. Benchmark increased their price objective on shares of T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, September 20th. Barclays lifted their price target on T-Mobile US from $180.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Finally, Deutsche Bank Aktiengesellschaft upped their target price on T-Mobile US from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Nineteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $216.36.

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.