My Legacy Advisors LLC Cuts Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

My Legacy Advisors LLC lowered its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 13.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,824 shares of the Wireless communications provider’s stock after selling 1,261 shares during the quarter. My Legacy Advisors LLC’s holdings in T-Mobile US were worth $1,615,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. WASHINGTON TRUST Co raised its position in shares of T-Mobile US by 143.1% during the 2nd quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 83 shares during the period. Y.D. More Investments Ltd purchased a new position in shares of T-Mobile US during the 2nd quarter worth about $27,000. Summit Securities Group LLC purchased a new position in shares of T-Mobile US during the 2nd quarter worth about $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in T-Mobile US during the 2nd quarter valued at about $30,000. Finally, Westside Investment Management Inc. lifted its holdings in T-Mobile US by 75.8% during the 1st quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 75 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.

Insider Buying and Selling at T-Mobile US

In other news, Director Raul Marcelo Claure sold 132,309 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $196.74, for a total value of $26,030,472.66. Following the completion of the sale, the director now directly owns 1,551,204 shares in the company, valued at $305,183,874.96. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO G Michael Sievert sold 20,000 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $194.57, for a total value of $3,891,400.00. Following the completion of the transaction, the chief executive officer now owns 418,124 shares of the company’s stock, valued at approximately $81,354,386.68. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Raul Marcelo Claure sold 132,309 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $196.74, for a total value of $26,030,472.66. Following the transaction, the director now owns 1,551,204 shares of the company’s stock, valued at $305,183,874.96. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 349,261 shares of company stock valued at $69,411,130. 0.67% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

TMUS has been the topic of several research analyst reports. Tigress Financial boosted their target price on shares of T-Mobile US from $205.00 to $235.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. The Goldman Sachs Group initiated coverage on shares of T-Mobile US in a research report on Monday, July 1st. They set a “buy” rating and a $200.00 price objective for the company. Morgan Stanley increased their target price on shares of T-Mobile US from $191.00 to $209.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. KeyCorp increased their target price on shares of T-Mobile US from $190.00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Finally, Oppenheimer raised their price objective on shares of T-Mobile US from $200.00 to $215.00 and gave the company an “outperform” rating in a research note on Thursday, September 19th. One research analyst has rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $219.94.

T-Mobile US Stock Down 1.1 %

Shares of T-Mobile US stock traded down $2.48 on Tuesday, hitting $220.29. The company had a trading volume of 2,642,372 shares, compared to its average volume of 4,469,959. The stock has a market capitalization of $258.15 billion, a price-to-earnings ratio of 30.31, a P/E/G ratio of 1.12 and a beta of 0.51. T-Mobile US, Inc. has a 1 year low of $136.92 and a 1 year high of $223.91. The stock has a 50 day moving average of $203.79 and a 200-day moving average of $183.77. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.78 and a current ratio of 0.84.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share (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 the consensus estimate of $19.61 billion. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period last year, the business posted $1.86 earnings per share. As a group, sell-side analysts forecast that T-Mobile US, Inc. will post 9.14 earnings per share for the current year.

T-Mobile US Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.60%. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Wednesday, November 27th. T-Mobile US’s payout ratio is presently 47.89%.

T-Mobile US 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.